FSH Technologies Raises $20M Series A

FSH Technologies, based in Philadelphia, PA, is a government technology startup that builds software to replace outdated municipal and state government IT systems. The company recently announced it has raised $20 million in a Series A round, bringing its total funding to $25 million.

Investors

The round was co-led by Lachy Groom and Acrew Capital, with participation from Operator Partners, Contrary, Cooley, and several angel investors.

FSH Technologies Use of Funds

The new funding will be used to support product development, sales growth, and company hiring efforts, with plans to increase the team size from 11 to more than 45 employees across engineering, design, and client strategy roles.

About FSH Technologies

Founded by CEO Lilly Chen, FSH Technologies provides a unified software platform for cities, school districts, and state agencies. The company aims to replace traditional hourly-billed consulting firms and point-solution vendors with a performance-based model that scales only when the software provides verifiable results for the government entities it serves.

Funding Details

Company Website: https://fshtechnologies.org

Company: FSH Technologies
Raised: $20M
Round: Series A
Funding Date: August 21, 2026
Lead Investor: Lachy Groom, Acrew Capital
Additional Investors: Operator Partners, Contrary, Cooley, several angels
Software Category: GovTech
Source: https://financewire.com/2026/08/21/fsh-technologies-raises-25-million-to-take-on-the-consulting-firms-running-up-the-bill-on-american-taxpayers/