We turn grant-funded public sector problems into investable software and service companies — country-first in design, multi-country in scale. Grants hedge the risk; investment powers the expansion. The first, AgentBI, is being deployed in Kenya now.
Every country needs public infrastructure and services to reach its population. Hundreds of billions flow into these systems every year — as grants, tied to one problem for a fixed term. When the grant ends, the momentum ends: governments rarely take the product over, and it was never architected to scale to other geographies or to run as a company. They are built to be funded, not to be investable.
"The market failure in public sector products is not that there is no market. It is that no one has built the products in a way that a private investor can enter."
Private conglomerates are already moving in — Veritas Capital, EQT, TA Associates, and PSG are deploying billions into govtech. NEOGOV was acquired for $3B+ in 2025 — the largest gov tech deal on record. The public sector is being commercialised. The question is whether products built for emerging markets and frontline workforces get built to participate in that transition — or get left behind.
We use our reach in the public space to identify problems, test solutions with grant funding, and architect every product from day one for multi-country scale — grant-fundable today, investor-ready tomorrow. The outcomes we're after already exist: Qure.ai, Audere, Karya, and Dimagi all serve public sector causes on investment-backed models. What's rare is a deliberate channel for producing them.
Public sector products fail commercially for a predictable set of reasons: built for single-country deployment, locked to grant cycles, designed by programme logic not product logic, and exiting via government handover rather than M&A.
GovTech in developed markets has cracked the procurement model. But frontier markets remain grant-dependent by default. Procurement is fragmented, standards are non-existent, and products are built bespoke for each context. No one captures the value of having done it before.
The studio's capital structure matches the actual risk profile of each stage. Philanthropic capital covers ideation and early validation. Studio capital builds the product and finds PMF. Strategic corporates and growth PE enter when unit economics are proven. Each fund has a clear path from grant to investable — built into the product from day one.
Public sector products were built to survive on grants.
We're building them to stand on their own.