Home / News / OpenGov Names Marc Andreessen to the Board; Raises $25M in Funding Round

OpenGov Names Marc Andreessen to the Board; Raises $25M in Funding Round

Marc Andreessen
Marc Andreessen

OpenGov, a provider of a cloud-based financial reporting platform for government agencies, has appointed Marc Andreessen, co-founder of venture capital firm Andreessen Horowitz, to the board of directors.

Andreessen will advise OpenGov on corporate growth matters and help the firm further develop its cloud platform, OpenGov said Thursday.

“It’s exciting to have the support of Marc Andreessen, who – along with myself, Zac Bookman and the team – shares a passion for innovating alongside public servants to bring government into the 21st century,” said Joe Lonsdale, co-founder and chairman of OpenGov.

OpenGov also announced that it has secured $25 million in a new funding round which it will use to recruit employees and support its expansion across the U.S. government.

New investors such as Sound Ventures, Glynn Capital and Ashton Kutcher and existing investors such as Andreessen Horowitz, Formation 8 Partners, AITV and Thrive Capital participated in the funding round.

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