Socrata Closes $30M Series C Round of Financing

socrataSocrata, a Seattle, WA-based provider of cloud solutions for open data and data-driven government, closed a $30m Series C round of financing.

The round was led by Sapphire Ventures (formerly SAP Ventures), with participation from existing investors OpenView Venture Partners, Morgenthaler Ventures and Frazier Technology Partners. With this round, Sapphire Ventures’ managing director Jai Das will join Socrata’s Board of Directors.

The company, which has raised $55m, intends to use the funds to bring its solutions to more public-sector organizations, big and small, across the globe.

Led by CEO Kevin Merritt, Socrata provides cloud solutions for governments to transform data in silos into useful information that everyone can access, visualize, share and reuse. Its solutions allows governments to improve transparency, modernize citizen access to information and bring data into decisions.
The recently launched Open Data Network™ brings together a vast ecosystem of participants – governments that are open data publishers and consumers; businesses that incorporate and use government data; citizens; and civic developers and entrepreneurs who use open data to build service delivery apps.
Customers include the cities of New York, Chicago, San Francisco, Los Angeles, Melbourne and Eindhoven; the states of New York, Illinois and Texas; US Health and Human Services; Centers for Medicare & Medicaid Services; the United Nations and the World Bank.



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