New Funding and Acquisition Puts OpenGov in a Formidable Position
OpenGov, a technology startup founded in 2012 by Zac Bookman, Joe Lonsdale, and technologists from Stanford University, raised $15 million last week followed by an acquisition. The Government Technology startup acquired ViewPoint Cloud. The Series D funding round led by experienced GovTech investors Weatherford Capital and 8VC, with participation from existing investor Andreessen Horowitz.
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OpenGov has analyzed over $10 Trillion in expenses and revenues through its online platform.
With this new round of funding, OpenGov has now raised more than $140 million from Andreessen Horowitz, 8VC, JC2 Ventures, Emerson Collective, and other top investors since its founding in 2012. The new financing would help OpenGov to develop and expand leadership position with best-in-class technology, including end-to-end budgeting, performance, communications, and reporting solutions for government.
The latest funding would enable the company to further expand technology innovation and adoption of Cloud-based solution to power more effective and accountable government.
OpenGov powers budgeting, performance, and communications for over 2,000 governments.
Today over 2,000 public agencies in 48 states form a growing network leveraging OpenGov to achieve better budgeting, performance, communications, reporting, and open data that ultimately result in better outcomes for the public.
According to the official announcement, ViewPoint Cloud—the industry’s fastest-growing and only multi-tenant SaaS software for permitting and licensing—will be integrated into The OpenGov Cloud™, broadening OpenGov’s reach and impact on the public sector.
At the time of this announcement, OpenGov CEO, Zac Bookman, stated —
“Governments deserve innovative and trusted technology to power how they operate and drive value to the residents they serve. Not only are OpenGov and ViewPoint among the fastest-growing GovTech companies, we are each the only multi-tenant cloud platforms of scale in our respective categories. I could not be more excited for our joint future and to bring this incredible software to every government that wants to take advantage of it.”
ViewPoint CEO, Nasser Hajo, said, “I co-founded this company with the idea that governments deserve cutting-edge technology. ViewPoint has since grown to become the cloud-based permitting and licensing market leader, stretching the boundaries of what’s possible to bring efficiency, transparency, and civic engagement to public agencies. OpenGov is the leading enterprise cloud software company in the GovTech sector, and we could not be more thrilled at the opportunity to join forces and continue building the technology that will power governments for decades to come.”
ViewPoint Cloud is OpenGov’s third acquisition in as many years. The stable now has a citizen engagement technology provider (Peak Democracy) and Ontodia—the leading provider of open data solutions using CKAN. Together, OpenGov’s technology prowess is available for customers via The OpenGov Cloud™, which is now the premier, end-to-end Budgeting, Performance, Communications, and Reporting cloud solution for government.
Over 2,000 public agencies already use OpenGov—including the State of West Virginia; the State of Ohio; the City of Richmond, VA; and Lincoln NE.
Will Weatherford, former Speaker of the House for the State of Florida and Managing Partner of Weatherford Capital, said, “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.”
In addition to its high-profile investors, OpenGov touts one of the strongest boards in all of technology, including Chairman Joe Lonsdale, Founding Partner of 8VC and Co-Founder of Palantir; Katherine August-deWilde, Co-Founder and Vice-Chair of First Republic Bank; John Chambers, Founder and CEO of JC2 Ventures and Former Chairman and CEO of Cisco Systems; Marc Andreessen, Co-Founder and General Partner of Andreessen Horowitz; and Zac Bookman, Co-Founder and CEO of OpenGov.