OpenGov was founded in 2012 by Zac Bookman, Joe Lonsdale, and technologists from Stanford University, who studied government budgeting in the aftermath of the Great Recession. They observed dedicated public servants struggle against outdated technology that prevented them from accessing timely spending information and communicating their priorities to citizens and elected officials. Believing there was a better way, the team set out to build a cloud-based solution to power more effective and accountable government.

Today over 1,000 public agencies nationwide 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.

Status
Exited

Date of Investment
August 2019

Deal Type
Growth Capital

Headquarters
Redwood City, CA

Industry
Technology