The topic of government spending is sort of a black hole for the majority of U.S. citizens. I know two things about it: The feds spend $3.5 trillion a year, and finding specific information about national spending is usually a huge pain in the ass. (I’d imagine it’s not much better if you work for the government, either.)
OpenGov exists to change that by providing business-intelligence service for government entities to track spending. And today, the startup announced a fresh $15 million Series B round of funding.
OpenGov’s cloud-based platform gives both citizens and local governments access to a set of tools that makes it easy to explore and share financial information. The overall idea is that a better informing citizens on spending results in stronger communities and more efficient governments. The only problem I see for OpenGov is the irritating bureaucracy that is all too common among local governments. (It’s sort of why most of their services are still in a technological stone age.)
“Governments remain the most underserved by technology. For example, the state-of-the-art in financial communication consists of multi-hundred page budget PDFs hanging on government websites, or Excel spreadsheets with tens of thousands of rows of accounting data,” said OpenGov CEO Zachary Bookman in a statement. “We decided to dive in, because governments represent a huge market and because more transparency and better BI will benefit communities across the country.”
Andreessen Horowitz led the new round, with participation from Foundation 8 and Thrive Capital. OpenGov said it plans to use the additional capital to increase the number of state and local governments using its platform.
Founded in 2012, the Mountain View, Calif.-based startup has raised $22 million in funding to date.
Andreessen Horowitz is a $950 million venture capital firm that was launched on July 6, 2009. Marc Andreessen and Ben Horowitz are the general partners of the firm.... read more »
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