Funding

OpenGov raises $25M in Series C

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What does OpenGov do?

OpenGov, is a developer of cloud based web apps for analyzing and sharing government data. It provides cloud based financial data analysis and visualization software for local governments. The company transforms the way the world is analyzing and allocating public money. It is the market leader in performance in financial transparency and performance intelligence for government. This platform is transforming government financial data into interactive, intuitive visualizations for both the citizens and internal government users. This company’s technology empowers administrators in making better policy decisions by measuring budget to actual expenditures, comparing data across different departments and the other governments and streamlining the process of budgeting.

How much OpenGov was funded?

OpenGov raised $25M in Series B funding on October 15th, 2015 from Sound Ventures, Glynn Capital Management, Scott Cook, Andreessen Horowitz, AITV , Thrive Capital and Formation 8.

Previous funding

  • $3M on June 2012 from Safa Rashtchy, Alex Bresler and Pankaj Shah
  • $3M in Series A on June, 2012 from Safa Rashtchy, Alex Bresler and Pankaj Shah
  • $4M in undisclosed round on July 3, 2013 on Goldcrest Investments, Formation 8, FF Angel LLC, Thrive Capital, Valiant Capital Partners, Bobby Yazdani, Signature Capital Securities and Signatures Capital
  • $15M in Series B on May 15, 2014 from Andreessen Horowitz, Formation 8, Thrive Capital, AITV (Accelerate IT Ventures), SGVC and Streamlined Ventures

What is next for OpenGov?

OpenGov plans to use the funding for hiring more in sales and other areas and continue scaling the company in the local governments for now and to further develop and improving the platform.

More about OpenGov

OpenGov was founded in 2012 by Nate Levine, Joe Lonsdale, Zac Bookman and Mike Rosengarten. The company works with leading governments of every size including New Haven, Minneapolis and Beaufort, SC. The company works on the local city and country government level for now.

 

 

 

 

 

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