Financial Transparency Takes Root in City Hall; OpenGov Grows 500% and Surpasses 250 Governments
What a year! In 2014, OpenGov grew by 500 percent to more than 250 customers across 36 states. Governments on the OpenGov platform enabled 34 million citizens to analyze, access and share information about more than $88 billion in local government spending.
The milestone comes just six months after the company raised $15 million in a Series B funding round led by Andreessen Horowitz and including Formation 8 and Thrive Capital.
OpenGov’s rapid growth is fueled by increasing demand among government officials and citizens for better access to government spending data in a user-friendly, digital format. Visualizing budget data on OpenGov’s platform enables each government to provide elected officials, citizens, and internal staff members the ability to view multi-year spending trends, explore cutting-edge data views, answer frequently asked questions such as “what did the city spend on police over the past five years?” and compare how department spending tracks against the budget.
OpenGov continues to innovate at a rapid pace. Recent feature enhancements include the launch of transaction-level reporting, which details expenditures for multiple years, and a Budget Milestones reporting capability, which simplifies the budget communication process. To see OpenGov in action, visit City of New Haven, or City of Simi Valley customer stories.
Over the past year, OpenGov has experienced tremendous growth in its business:
- In 2014, OpenGov grew its customer base by 500 percent to more than 250 governments
- Governments of all sizes joined the platform, including cities, counties, state agencies, school systems, and special districts across 36 states, as well as Washington DC and three Provinces in Canada
- More than 15 percent of the cities and counties in California leverage OpenGov
- Company headcount more than doubled
“2014 was a pivotal year for the growth of OpenGov. We built game-changing software to improve public administration, expanded our team substantially and grew to more than 250 customers coast-to-coast, including major cities like Los Angeles and Miami,” said Zachary Bookman, CEO and Co-founder of OpenGov.com. “We remain hard at work to develop best-in-class software that will enable government officials across the nation to bring financial transparency to their communities and foster more efficient, data-driven and accountable governance.”
The company seeks to aggressively add talent across all departments and in 2015, OpenGov will move from its headquarters in Mountain View, CA to a larger 18,000 sq. foot facility nearby in Redwood City, CA.
Category: OpenGov Updates