About OpenGov
OpenGov is a company based in Redwood City (United States) founded in 2012 was acquired by Cox Enterprises in February 2024.. OpenGov has raised $182.12 million across 7 funding rounds from investors including Cypress Semiconductor, Cox Enterprises and Weatherford Capital. The company has 90 employees as of April 01, 2024. OpenGov has completed 8 acquisitions, including Cartegraph, Clear Rec and Ignatius. OpenGov offers products and services including Asset Management, Budgeting & Performance, Permitting & Licensing, Procurement & Contract Management, and Tax & Revenue Collection. OpenGov operates in a competitive market with competitors including Accela, CivicPlus, i3 Verticals, Unison and CentralSquare, among others.
- Headquarter Redwood City, United States
- Employees 90 as on 01 Apr, 2024
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Sectors
Government & Social SectorTechnology
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Phone
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Website
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Social
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- Legal Name Opengov India Private Limited
- Date of Incorporation 02 Feb, 2022
- Jurisdiction Pune City, Maharashtra, India
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Annual Revenue
$2.39 M (USD)0as on Mar 31, 2023
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Net Profit
$232.03 K (USD)0as on Mar 31, 2023
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EBITDA
$319.71 K (USD)0as on Mar 31, 2023
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Total Equity Funding
$182.12 M (USD)
in 7 rounds
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Latest Funding Round
$50 M (USD), Series E
Jun 01, 2021
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Investors
Cypress Semiconductor
& 16 more
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Employee Count
90
as on Apr 01, 2024
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Investments & Acquisitions
Cartegraph
& 7 more
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Acquired by
Cox Enterprises
(Feb 27, 2024)
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Products & Services of OpenGov
OpenGov offers a comprehensive portfolio of products and services, including Asset Management, Budgeting & Performance, Permitting & Licensing, Procurement & Contract Management, and Tax & Revenue Collection. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Software for managing government assets and work orders efficiently.
Tools for government budgeting and performance tracking processes.
Platform for handling permits, licenses, and inspections seamlessly.
System for automating procurement workflows and supplier engagements.
Solutions for tax billing, collections, and financial reporting tasks.
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Leadership Team
36 people
Software Development Team
31 people
Sales and Marketing
17 people
Implementation Team
12 people
Data Analysis and Operations Team
11 people
Project Team
11 people
Product Management Team
10 people
Finance and Accounting
10 people
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Funding Insights of OpenGov
OpenGov has successfully raised a total of $182.12M across 7 strategic funding rounds. The most recent funding activity was a Series E round of $50 million completed in June 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Series E — $50.0M
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First Round
First Round
(01 Jun 2012)
- Investors Count 17
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2021 | Amount | Series E - OpenGov | Valuation | Cox Enterprises |
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| Sep, 2019 | Amount | Series D - OpenGov | Valuation | Weatherford Capital , 8VC | |
| May, 2017 | Amount | Series C - OpenGov | Valuation | Emerson Collective |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in OpenGov
OpenGov has secured backing from 17 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Cypress Semiconductor, Cox Enterprises and Weatherford Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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VC and PE investments are provided by family office-backed firm.
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Founded Year | Domain | Location | |
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Venture capital firm investing in technology, life sciences, and related sectors.
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Founded Year | Domain | Location | |
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Venture capital investments in technology sectors are handled by Andreessen Horowitz.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by OpenGov
OpenGov has strategically engaged in corporate development activities, having acquired 8 companies. Notable acquisitions include Cartegraph, Clear Rec and Ignatius. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Enterprise data management is enabled by a cloud-based platform.
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2018 | ||||
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Cloud-based procurement software is provided for vendor and contract management.
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2014 | ||||
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Linked open data networks for smart cities are developed.
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2011 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - OpenGov
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Opengov Comparisons
Competitors of OpenGov
OpenGov operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Accela, CivicPlus, i3 Verticals, Unison and CentralSquare, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Administrative tools and civic engagement platforms are provided to governments.
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| domain | founded_year | HQ Location |
Website development, HR management, and emergency notification systems for government agencies
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| domain | founded_year | HQ Location |
Payment processing solutions are provided for diverse business verticals.
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| domain | founded_year | HQ Location |
Software is provided to government agencies for internal optimization.
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| domain | founded_year | HQ Location |
Suite software solutions for government agencies are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Opengov
Frequently Asked Questions about OpenGov
When was OpenGov founded?
OpenGov was founded in 2012.
Where is OpenGov located?
OpenGov is headquartered in Redwood City, United States. It is registered at Redwood City, California, United States.
Is OpenGov a funded company?
OpenGov is a funded company, having raised a total of $182.12M across 7 funding rounds to date. The company's 1st funding round was a Series C of $30M, raised on Jun 01, 2012.
How many employees does OpenGov have?
As of Apr 01, 2024, the latest employee count at OpenGov is 90.
What is the annual revenue of OpenGov?
Annual revenue of OpenGov is $2.39M as on Mar 31, 2023.
What does OpenGov do?
OpenGov was founded in 2012 and is headquartered in Redwood City, United States. Software solutions are offered in the government technology sector, focusing on cloud-based platforms for municipal financial data visualization. Access to, analysis of, and public sharing of financial information are facilitated for officials and citizens. Operations emphasize data transparency and usability within local government environments.
Who are the top competitors of OpenGov?
OpenGov's top competitors include Accela, CivicPlus and i3 Verticals.
What products or services does OpenGov offer?
OpenGov offers Asset Management, Budgeting & Performance, Permitting & Licensing, Procurement & Contract Management, and Tax & Revenue Collection.
How many acquisitions has OpenGov made?
OpenGov has made 8 acquisitions, including Cartegraph, Clear Rec, and Ignatius.
Who are OpenGov's investors?
OpenGov has 17 investors. Key investors include Cypress Semiconductor, Cox Enterprises, Weatherford Capital, 8VC, and Andreessen Horowitz.
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