OpenGov builds cloud software for public-sector organizations to manage budgeting and planning, accounting, permitting and licensing, procurement, and assets. Its platform is designed to help cities, counties, state agencies and special districts operate more efficiently, adapt to change, and strengthen trust with their communities. The company emphasizes modern, cloud-native tools that span financial and operational workflows for government customers. OpenGov plans to use recent investment proceeds to expand operations and accelerate product development. Leadership, led by CEO Zac Bookman, has framed the capital as a means to advance the company’s mission and improve communities. The article does not disclose revenue, user counts, or other operating metrics. OpenGov packages its services in the OpenGov Cloud, a cloud-based platform that helps government and civic organizations organize, analyze and present financial and other data. The company says it counts more than 2,000 government customers, up from about 1,400 in 2017, with recent additions including the states of West Virginia and Oklahoma, the Idaho State Controller’s Office, the City of Minneapolis, and Suffolk County NY. OpenGov has raised a total of $140 million to date and announced an additional $51 million Series D to continue expanding its business. Leadership and its board include co-founder Joe Lonsdale, CEO and co-founder Zac Bookman, Katherine August-deWilde, John Chambers, and Marc Andreessen. Management says the new funding will fuel the company’s ability to build, sell, and deploy new mission-critical technology for the public sector. The company has made prior acquisitions such as Ontodia to bring more open-source data and technology into its platform. OpenGov offers a cloud-based government performance management platform, OpenGov Smart Government Cloud™, with budgeting, operational intelligence and reporting, and open data solutions. The company serves over 1,500 public agencies across 48 states, including the State Treasurer of Ohio, the city of Minneapolis, Maricopa County, and Washington, DC. OpenGov was founded in 2012 by CEO Zac Bookman and is based in Redwood City, CA. The company has raised more than $75m in total funding to date. It plans to use the new funds to accelerate growth through investments across engineering, sales, and marketing. The platform targets public-sector budgeting, reporting, and transparency needs for municipalities and government agencies. OpenGov offers a web-based platform that helps government administrators measure budget-to-actual expenditures, monitor financial operations and performance metrics, compare data across departments and with other governments, and streamline the budgeting process. The platform also enables public administrators to engage citizens and build trust through greater insight into government finances. The company serves more than 500 governments in 44 states. OpenGov plans to use new funding to hire talent, further develop the OpenGov platform, and expand its reach to every government in the U.S. Founded in 2012 by CEO Zac Bookman, the company focuses on cloud-based performance intelligence and financial transparency for the public sector. OpenGov builds a cloud platform that brings years of local governments' financial data online and makes it graphable and sliceable. The product addresses municipalities' archaic data systems by surfacing previously hidden budget and expense information for public perusal. OpenGov's platform allows users to explore a city's revenues and expenses across departments and time. The company has around 100 clients and estimates roughly 90,000–100,000 potential local government customers. Base contracts cost in the thousands to low tens of thousands of dollars per year, and OpenGov plans to build out its feature set and sell more advanced tooling. The company says the fresh capital will be used to expand its customer base and product capabilities.

Total raised

$121M

Funding rounds

5

Latest round

Series D

Latest activity

Sep 2019