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OpenGov
Enterprise Software
OpenGov is a Utah-based government technology company providing cloud-based budgeting, permitting, procurement, and other administrative software specifically designed for state and local government agencies.
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OpenGov was founded in 2012 by Zac Bookman, Joe Lonsdale, and Nate Levine, based on the observation that state and local government agencies, including cities, counties, and other public sector entities, have historically relied on very old, often decades-old legacy software systems for core administrative functions such as budgeting, financial management, permitting, and procurement, systems that are frequently difficult to use, expensive to maintain, and poorly suited to the transparency and public accountability expectations that constituents increasingly hold local governments to, given how significantly consumer software experiences have evolved while much government back-office technology has remained comparatively stagnant. OpenGov's platform provides modern, cloud-based software specifically designed around the particular workflows and requirements of state and local government operations, including budgeting and financial planning tools that help government finance officials build, track, and communicate government budgets more transparently to elected officials and the public, permitting and licensing software that lets citizens and businesses apply for and track building permits, business licenses, and other government approvals online rather than through in-person or paper-based processes, and procurement software that helps government agencies manage vendor bidding and contracting processes with the transparency and process rigor that public sector procurement typically requires under various government contracting regulations. The company has positioned its products specifically around the unique regulatory, transparency, and public accountability requirements that distinguish government software needs from private sector software, such as public records requirements, competitive bidding rules for government contracts, and citizen-facing transparency expectations around how public funds are budgeted and spent. OpenGov's customers span thousands of state and local government agencies across the United States seeking to modernize legacy administrative systems. The company has raised substantial venture funding from investors including Andreessen Horowitz, Meritech Capital, and Vestar Capital Partners, reaching a valuation exceeding $2 billion, competing with other government-focused software vendors including Tyler Technologies and CivicPlus.
FOR QUALIFIED INSTITUTIONAL AND ACCREDITED INVESTORS ONLY: Under federal securities laws, private market investments on this platform are available exclusively to Institutional and Accredited Investors. Verification of status required before investing. Private investments involve significant risks including illiquidity, potential loss of principal, and limited disclosure requirements. "Augment" refers to Augment Markets, Inc. and its affiliates. Augment Markets, Inc. is a technology company offering software and data services, not a bank or financial institution. Cash Accounts are provided by Modern Treasury Corp. financial institution partners and through Augment's technology. Augment does not act as a money services business, provide money transmission, or serve as a custodian of funds. Funds held in your Cash Account are not FDIC insured unless expressly disclosed. Full terms available in the Augment Cash Account Agreement. Brokerage services are offered through Augment Capital, LLC, an affiliated broker-dealer and member FINRA/SIPC. "Investment accounts" are not brokerage accounts and do not hold customer funds or securities. Investment advisory services are offered through Augment Advisors, LLC, an SEC-registered investment adviser. Registration with the SEC does not imply a certain level of skill or training. Neither Augment Advisors, LLC nor Augment Capital, LLC provide legal or tax advice; consult your attorney or tax professional regarding your specific situation. For additional information, please refer to Augment Advisors, LLC's Form ADV Part 2A (Firm Brochure) and FINRA BrokerCheck.
