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FSH Technologies secures $20M Series A funding led by Lachy Groom, aiming for nationwide expansion and growth in workforce.

PRIVATEAug 20, 2026•about 4 hours ago

Amount Raised

$20 Million

Round Type

Series A

PhiladelphiaInformation TechnologySoftwareGovernment

Investors

Angel InvestorsCooleyContraryOperator PartnersAcrew CapitalLachy Groom

Description

FSH Technologies has raised $20 million in a Series A funding round to enhance its people-first approach in modernizing government IT systems. The investment will help the company grow its employee base from 11 to over 45 in various roles. Additionally, FSH plans to expand its services to include transit management and accounting software. Lachy Groom led the investment round, with support from Acrew Capital and others.

Company Information

Company

FSH Technologies

Location

Philadelphia, Pennsylvania, United States

About

FSH Technologies is a woman-owned govtech startup that develops software for cities, school districts, and state agencies. The company focuses on replacing outdated government IT systems with a people-first approach. FSH aims to provide quality products and services that effectively serve local governments and their constituents. With recent funding, the company plans to expand its workforce and operations nationwide.

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Funding Insights

Based on industry data
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months
Monthly burn rate benchmark
47% of Series A startups spend $400k or more per month on operations
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

FSH Technologies raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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