OpenGov Raises $30 Million to Lead Digital Transformation of Government

Silicon Valley Startup Now Working with More Than 1,500 Governments Across the Country; Newest Round of Funding Led by Laurene Powell Jobs' Emerson Collective to Accelerate Expansion

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OpenGov

May 16, 2017, 06:00 ET

REDWOOD CITY, Calif., May 16, 2017 /PRNewswire-USNewswire/ -- OpenGov, the leader in government performance management technology, today announced a $30 million Series C financing round led by the Emerson Collective, the social impact organization established by Laurene Powell Jobs. OpenGov has raised more than $75 million from investors including Andreessen Horowitz, 8VC, and Thrive Capital since its founding in 2012. The latest financing will be used to accelerate OpenGov's growth through investments across engineering, sales, and marketing, as the company continues to build its OpenGov Smart Government Cloud™ to power more effective and accountable governments.

"OpenGov is transforming the way the public sector operates, and in turn, how citizens engage with their communities," said OpenGov CEO and Co-Founder Zac Bookman. "This new investment will help us build more smart solutions for government, harnessing the power of technology to equip public officials with the tools they need to better serve and support their citizens."

OpenGov now works with more than 1,500 governments across the U.S, and has doubled its customer base since last year. The OpenGov Smart Government Cloud is powering governments of all sizes, including recent partnerships with the Cities of Boston, Phoenix, Birmingham Alabama and the State of West Virginia.

"OpenGov is on a mission to improve the performance of government," said Emerson Collective Founder and President Laurene Powell Jobs. "With this investment, we hope to help the company lead a movement for government effectiveness and accountability, empowering citizens to drive positive impact in communities across the country. We believe in OpenGov's ability to improve the way government and citizens engage with each other by putting modern tools at the service of our democracy."

Beginning with its initial groundbreaking software for financial transparency, OpenGov has built easy to use software to solve complex problems for the public sector. The fully integrated OpenGov Smart Government Cloud™ now includes an end-to-end budgeting solution, an operational intelligence and reporting solution, and open data solutions.

Governments across the country using these OpenGov solutions have experienced firsthand how the company's technology powers more effective and accountable government. Customers have seen 50% time savings in budgeting and reporting, have freed up 1% or more of their budgets for re-allocation, have cut information requests by 20%, and have seen dramatic improvements in transparency and trust in their communities. In December 2014, the State of Ohio started working with OpenGov to bring "checkbook-level" spending detail to all of Ohio's local governments. Since then, Ohio has gone from #47 out of 50 states in financial transparency to #1 for the past two years in a row, according to the U.S. Public Interest Research Group's Follow the Money Report.

About OpenGov
OpenGov is the leader in government performance management, with easy-to-use cloud software for better budgeting, improved operational intelligence, and comprehensive open data. OpenGov solutions give governments the right tools and relevant data for more informed decision-making and better outcomes for the public.

Over 1,500 public agencies in 48 states are part of the growing OpenGov network. Founded in 2012, OpenGov customers include the State Treasurer of Ohio, the city of Minneapolis, MN; Maricopa County, AZ; and Washington, DC. OpenGov is backed by Andreessen Horowitz, Emerson Collective, 8VC, and Thrive Capital and has headquarters in Redwood City, CA.

SOURCE OpenGov