OpenGov, a Redwood City, Calif.-based provider of enterprise cloud solutions for government, raised $51M in Series D financing.
The round was led by Weatherford Capital and 8VC, with participation from existing investor Andreessen Horowitz.
The company intends to use the funds to accelerate growth, and go to market with technology, including end-to-end budgeting, performance, communications, and reporting solutions for government.
Founded in 2012 and led by CEO Zac Bookman, OpenGov provides enterprise cloud solutions for government. The OpenGov Cloud™ is an integrated cloud solution for budgeting, performance, communications and reporting. The solution connects stakeholders to the budget process, engages them for real-time feedback, forecasts personnel costs, and integrates with key government systems.
Today, over 2,000 public agencies use OpenGov—including the State of Ohio; the City of Richmond, VA; and Lincoln, NE.
With this new round of funding, the company has now raised more than $140m since its founding in 2012.
FinSMEs
03/09/2019