OpenGov, an enterprise cloud platforms provider in Redwood City, Calif., has raised $51M in a round of Series D financing led by 8VC and Weatherford Capital, bringing the company’s total funds to more than $140M.
Investor Andreessen Horowitz participated in the new funding round, which will be used to support OpenGov’s growth initiatives as the company continues to develop end-to-end budgeting, communications, performance and reporting platforms for government agencies, OpenGov said Tuesday.
“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 Zac Bookman.
The investment “fuels our ability to build, sell, and deploy new mission-critical technology that is the safe and trusted choice for government executives,” Bookman added.
The company’s OpenGov Cloud is a multitenant software-as-a-service platform that links users to the budget process, integrates with government systems and forecasts personnel costs. More than 2K public agencies use the platform.
Other investors supporting OpenGov since its establishment in 2012 are JC2 Ventures, Emerson Collective and Thrive Capital.