OpenGov has generated $15 million in investments from an Andreessen Horowitz-led funding round as the data visualization provider seeks to enter the federal market, FCW reported Thursday.
Adam Mazmanian writes existing investor Formation 8 also pumped money into OpenGov during the series b funding round.
OpenGov works to host financial data for government customers on the agency’s cloud-based visualization software system and provides an online information sharing platform, according to the report.
“We think the federal space is in great need of this type of tool, ” Zac Bookman, co-founder and CEO of OpenGov, told FCW.
Mazmanian writes the company raised $7 million in a 2013 funding round.
The company currently has 25 employees and says it will add six new employees in the coming few weeks.