OpenGov, the Redwood City-based company which helps government authorities and civic organizations make their budgets and run programs based on the data provided by the platform through its software has confirmed picking up $51 million in Series D financing. The round has been led by Weatherford Capital and 8VC (Lonsdale’s investment firm). Existing investor Andreessen Horowitz also participated in the round.
Prior to this round, the firm had raised $30 million in 2017 when Emerson Collective had led the round. The current infusion takes the total amount raised by the firm to $128 million. The backers of the firm include the names like Thrive Capital, Telstra Ventures, Sway Ventures and Expanding Capital and a few with others.
founded in 2012 by Dakin Sloss, Joe Lonsdale, Mike Rosengarten, Nate Levine, and Zac Bookman, the company offers solutions to more than 2000 customers which mostly includes government bodies and includes the likes of the State of West Virginia, the State of Oklahoma, the Idaho State Controller’s Office, the City of Minneapolis MN, and Suffolk County NY.
Zac Bookman, the CEO of the firm through a statement said that “OpenGov’s mission to power more effective and accountable government is driving innovation and transformation for the public sector at high speed. This new investment validates OpenGov’s position as the leader in enterprise cloud solutions for government, and it fuels our ability to build, sell, and deploy new mission-critical technology that is the safe and trusted choice for government executives.”
Weatherford Capital's Will Weatherford, former Speaker of the House for the State of Florida and Managing Partner talking about the funding says, "OpenGov's innovative technology, accomplished personnel, market leadership, and mission-first approach precisely address the growing challenges inherent in public administration. We are thrilled at the opportunity to partner with OpenGov to accelerate its growth and continue modernizing how this important sector operates."