The leading provider of enterprise cloud solutions to governments has announced that it has raised $51 million in its series D round of funding. The financing round was led by Weatherford Capital and 8VC with the participation of Andreessen Horowitz.
The company has now raised in excess of $140 million since its founding in 2012 from Andreessen Horowitz, JC2 Ventures, 8VC, Emerson Collective, and other top investors. The fresh funding will be used by OpenGov to enhance the go-to-market, “end-to-end budgeting, performance communications, and reporting solutions for government.”
OpenGov CEO Zac Bookman said: “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.”
The company has one of the strongest boards in technology with big names like Joe Lonsdale, Katherine August-deWilde, Marc Andreessen, John Chambers and Zac Bookman serving as the board members.
Recently, OpenGov had 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. The OpenGov CloudTM is being used by over 2,000 governments.