- Government enterprise cloud solution company OpenGov announced it raised $51 million in funding
OpenGov — a leader in enterprise cloud solutions for government — announced it raised $51 million in Series D funding led by government tech investors Weatherford Capital and 8VC. Existing investor Andreessen Horowitz also joined the round.
With this round of funding, OpenGov has raised more than $140 million from Andreessen Horowitz, 8VC, JC2 Ventures, Emerson Collective, and several other top investors since being founded in 2012.
This round of funding will be used to fuel OpenGov’s growth as the company continues to develop and go to market with superior technology such as end-to-end budgeting, performance, communications, and reporting solutions for government.
“OpenGov’s mission to power more effective and accountable government is driving innovation and transformation for the public sector at high speed,” said OpenGov CEO Zachary Bookman. “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.”
Along with adding high-profile investors, OpenGov has established one of the strongest boards including Joe Lonsdale (8VC general partner and Palantir founder) as Chairman, Katherine August-deWilde (Co-Founder and Vice-Chair of First Republic Bank), John Chambers (JC2 Ventures CEO and former chairman and CEO of Cisco Systems), Marc Andreessen (Co-Founder and General Partner of Andreessen Horowitz), and Bookman.
“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,” added Weatherford Capital managing partner Will Weatherford (former Speaker of the House for the State of Florida).
There are more than 2,000 governments leveraging OpenGov today as the public sector continues to adopt The OpenGov Cloud in record numbers. And the company also recently announced partnerships with the State of West Virginia, the State of Oklahoma, the Idaho State Controller’s Office, the City of Minneapolis MN, and Suffolk County NY.
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