Hangar announced expansion plans, added technical and government leaders.

Hangar, an investment firm founded by Silicon Valley and Washington veterans, It builds companies that deliver measurable data and AI. Solutions For public sector clients

Columbia, SC Mayor Steve Benjamin, Matt Lirathe former White House Office of America’s Innovation Authority, Tech: NYC founder Julie SamuelAnd Karen Blakestone Join as partners

Hangar Founders: With a strong focus on the tech and crypto markets, Hangar leads growth by building on historic federal government investment in tech and software solutions.

new york, July 28, 2022 /PRNewswire/ — Hangar, a leader in building companies focused on delivering and scaling tech and data-based solutions to public sector clients, today announced a major expansion of new hires from tech, policy and politics. The company’s public sector focused investment and growth strategy. In 2015 in Silicon Valley and Washington Veterans Josh Mendelsohn And Mike FerenceHangar is uniquely positioned to identify opportunities where the government is investing in technology, leveraging political expertise and then leveraging resources to create more public sector and business opportunities.

The company, in support Mike Bloomberg, Tom second, Ron Conway And the Kresge Foundation and others are closing a 30 million dollars Mobilization to take advantage of the historic improvement in government spending following a major fund that is expected to begin in 2023.

As part of the firm’s strategic expansion, the firm is adding a new slate of partners and executive leadership appointments to its leadership team, helping to build on an already deep and diverse group of bipartisan political leaders, investors and technology experts. A better world.

Mayor Steve BenjaminPartner — Mayor Benjamin was elected as the first mayor Colombia In the year President of the American Conference of Mayors in 2010, served as the 2018-2019 and 2015-2016 President of the African American Association of Mayors, and served as the Federal Communications Commission’s intergovernmental member for the US Municipal Bonds Executive. Advisory Committee, and member of the Fast for America Advisory Council. As Mayor, Benjamin focused on economic development, job creation and maintaining a fair, diverse and trusted law enforcement agency. Colombia.

Matt LiraPartner – Matthew Lira served as Special Assistant for Innovation Policy and Initiatives in the Trump Administration’s White House Office of American Innovation, coordinating the office’s priority policy initiatives. Throughout his career, Matt’s work has placed him at the intersection of politics, government and the emerging digital economy. Prior to his time in the White House, Matt spent more than a decade on Capitol Hill working on the senior congressional leadership staff as a senior advisor to the then House Majority Leader. Kevin McCarthy and former House Majority Leader Eric Cantor. During the 2014 election cycle, Matt served as Deputy Executive Director of the National Republican Senatorial Committee. In the year In 2015, Matt served as a fellow at the Institute of Politics at the Harvard Kennedy School, focusing on politics and policy implications.

Julie SamuelPartnerJulie Samuel He was the founder and first executive director of Tech: NYC. Prior to that, she was the Executive Director at Enjin, a nationally focused technology entrepreneurship and advocacy company, where she served as a board member. She is a frequent commentator on technology and policy issues for the national media and has filed briefs for the Supreme Court and testified before congressional committees. Earlier in her career, Julie worked at the Electronic Frontier Foundation (EFF), where she was a senior staff attorney and chairman of Mark Cuban, working to eliminate idiotic patents. Julie got her JD from Vanderbilt University and her BS in Journalism from University of Illinois at Urbana– Champagne.

Karen BlakestoneGeneral Counsel and Partner — Karen serves as Hangar’s general counsel and leads investments in crypto-focused endeavors. She brings decades of legal experience at the intersection of technology, business, and public policy and has advised emerging technology companies in highly regulated sectors on everything from organizational structure and operational concerns to strategic planning to become highly engaged with policy-making. Prior to joining Hangar, Karen was one of the original regulatory and compliance attorneys. Washington Crypto-specific experience, including representing the Blockchain Association, Filecoin Foundation, and other market-shaping crypto projects. Karen previously served as a partner in the Gober Group, where she represented some. of Washington The most influential causes and organizations. Karen is a graduate St. Mary’s College of Maryland and the Georgetown University Law Center.

“Given the current challenges and constraints on public and private markets, consumer spending and future macroeconomic growth, the federal government’s investment in climate and technology innovation remains intact and at a high level. Our strategic expansion is focused on continuing to build. To drive innovation in the public sector.” He has deployed his team to deliver customer-focused solutions. To take advantage of the incredible opportunity to drive innovation in the public sector. Congress and the White House have rightly recognized that federal, state, and local governments have been lagging behind for decades. We bring a public-first approach to providing solutions that meet specific policy and political needs, and bring those solutions to other locales and the private sector,” he said. Josh Mendelsohn.

Over the past two years, the US federal government has embarked on an unprecedented spending program, with pandemic relief programs implemented starting in 2020 that exceed the budget response to World War II. America Every few weeks, the level of the Apollo program is spending a fortune.

Specifically, federal aid to states increased by 37 percent between 2019 and 2020, with nearly 1 trillion dollarsIt has shown an average increase of 4 percent over the last five fiscal years. Especially the 350 billion dollars The Corona Virus State and Local Fiscal Recovery Funds Program requires states to only commit funds December 31, 2024and them by December 31, 2026.

Hangar’s first portfolio companies are focused on providing services to industries that are the recipients of this spending – from government services and healthcare, to education and climate change response.

“Current spending, most of which will only begin moving in states this summer when they wrap up their legislative sessions, means that each of our portfolio companies has a once-in-a-decade opportunity to enter the marketplace. New ideas hangar new tools and services. “It’s an incredible, long-overdue opportunity for the entire community,” he said. Mike Ference.

To learn more about Hangar, please visit www.hangar.is.

For investment inquiries, please contact [email protected].

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