FSH Technologies Raises $25 Million to Replace Government Tech, Taking on Accenture
Updated
Updated · Business Insider · Aug 20
FSH Technologies Raises $25 Million to Replace Government Tech, Taking on Accenture
1 articles · Updated · Business Insider · Aug 20
Summary
$25 million in total funding gives FSH Technologies fresh capital to expand software for cities, school districts and state agencies, including a newly closed $20 million Series A.
Lachy Groom led the Series A after an earlier $5 million seed round led by Contrary and Acrew, with General Catalyst, Scribble and Basis Set Ventures also participating.
FSH says it is winning some government contract bids against Accenture by offering end-to-end software rather than billing consulting hours, though founder Lilly Chen said public-sector buyers still favor established names.
Chen, 30, founded the company after teaching herself to code, graduating from Colorado College and briefly working at Meta; she frames FSH's approach around fixing whole government systems, not just one software problem.