OpenGov
Date | Investors | Amount | Round |
---|---|---|---|
- |
| N/A | - |
N/A | Late VC | ||
$51.0m | Series D | ||
$50.0m Valuation: $750m | Late VC | ||
* | $50.0m Valuation: $750m | Late VC | |
* | $1.8b Valuation: $1.8b | Acquisition | |
Total Funding | €207m |
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Recent News about OpenGov
EditOpenGov is a software company that specializes in providing modern, cloud-based solutions to the public sector. With over 500 years of collective experience in the public sector, the company has a deep understanding of the unique challenges and needs of government organizations.
OpenGov's primary offerings include strategic budgeting and planning software, permitting, licensing, and code enforcement solutions. These tools are designed to streamline and digitize traditionally paper-based workflows, reducing the time and resources required to manage these tasks. For instance, their budgeting software can reportedly cut the time needed to create a budget in half.
The company's solutions are particularly relevant in today's environment, where local governments are grappling with outdated legacy systems, a retiring workforce, increasing cyber threats, and the need for more transparency and engagement with constituents. OpenGov's software helps government leaders understand their data better, identify trends, and link strategic initiatives to outcomes and performance.
OpenGov operates in the government technology market, serving local government clients. Its business model is likely based on a software-as-a-service (SaaS) model, where clients pay a subscription fee to access the software over the internet. This model provides a steady stream of recurring revenue for the company.
Keywords: Cloud-based software, Public sector, Strategic budgeting, Planning software, Permitting, Licensing, Code enforcement, Government technology, SaaS, Data analysis.