Knight: More than $430 million invested in civic tech since 2011

Growth of Civic Tech (Knight Foundation)
Growth of Civic Tech (Knight Foundation)

A new report from the Knight Foundation, “The Emergence of Civic Tech: Investments in a Growing Field,” finds more than $430 million dollars was invested in civic-based technology companies and organizations from January 2011 to May 2013.

According to the report, investments from 177 private capital firms and foundations went to 102 civic tech companies and organizations during that time.

Organizations that received the largest amounts of funding include Airbnb ($118M), NextDoor ($40M), Waze ($30M), CouchSurfing ($22M), Zimride ($21M), Getaround ($19M), Open Data Institute ($16M), Change.org ($15M) and Sunlight Foundation ($15M).

Of note is that none of these companies have an open source component and none are focused on actually helping government become more efficient.

As a category, “peer-to-peer local sharing” companies comprise more than half of the funding ($233 million).

Knight also created an interactive feature to help visualize the data.

Full report:

About Luke Fretwell

Luke Fretwell is the founder of GovFresh. He is also co-founder and CEO of ProudCity. Connect with him on Twitter and LinkedIn or email at luke@govfresh.com.

Comment