OpenGov raises $25M from Andreessen and others at $100M+ valuation, Marc joins board

OpenGov, aiming to transform how governments analyze and share financial data, has closed an “oversubscribed” $25 million round from top-tier VC firms. The raise values the company north of $100 million, an individual familiar with the matter said.

Andreessen Horowitz, Thrive Capital, Ashton Kutcher’s Sound Ventures, and Intuit’s Scott Cook, among others, participated in the round. With the new funds, Marc Andreessen will join the company’s board.

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Going forward, OpenGov plans to expand its staff and user-base. Prior to this round, the company had raised more than $19 million — $22 million according to crowdsourced data on CrunchBase.

On a call with VentureBeat, OpenGov cofounder and CEO Zac Bookman said the company “now serves 550 customers in 44 states” in the U.S. and Canada. He said the company “absolutely” plans to expand internationally, but that for now, “we’re not staffing up majorly overseas.”