Management reporting software startup OpenGov raises $15 million

Management reporting software startup OpenGov has landed a $15 million Series B round of funding led by Andreessen Horowitz, the company announced Thursday. Other investors include Formation 8 and Thrive Capital. OpenGov has created cloud-based software that allows governments to visualize their budgets and track spending. The software basically makes it easier for local officials and government executives to see how they’re spending taxpayer money. It provides them with pretty, interactive graphics that make it easier to spot trends than staring at an ugly Excel spreadsheet. Those graphics can also be provided to the public online, which in turn increases government transparency. The company was interesting because it targets local governments, which spend roughly $3.7 trillion a year and often use reporting software that dates back 20 years, said Balaji Srinivasan, an Andreessen Horowitz general partner who is joining OpenGov’s board.