Israeli startup Zencity offers a community insights and analytics platform for state and local governments. The company just closed an additional $30 million investment from existing investors TLV Partners, Vertex Ventures Israel, Salesforce Ventures, M12 – Microsoft’s venture fund, and Canaan Partners Israel. This investment brings Zencity’s total funding to over $50 million.
Zencity boasts that it uses AI and big data to reinvent the way local governments make decisions. The company says that their platform helps cities understand their residents’ real needs and priorities, “eliminating the guesswork from policymaking.”
“Together with our partner-cities, we’re setting a new standard for performance management in local government.”
Don’t you wish that your local government worked more efficiently? Are you tired of getting the run around from city hall, bureaucratic red tape and out right incompetence? Well Zencity’s platform might just be able to do something about that.
A cross-channel platform, Zencity says that their solutions take civic engagement to the next level by ensuring that local governments can easily hear from and understand all of their community members’ real-time needs and priorities.
The Zencity platform gathers and analyzes millions of feedback points from the online and offline touchpoints that residents have with their city. Then, using advanced AI and machine learning, the company says that it distills” reliable, actionable insights from this data. Local governments use Zencity’s insights to better prioritize resources, track performance more effectively, and – perhaps most importantly – connect more deeply with their communities.”
📣 Zencity’s $30 Million round makes us one of the biggest govtech SaaS companies!
— Zencity (@Zencityio) June 29, 2021
“The past year has proven, more than ever before, that local governments are the most essential institutions of our society. We’re proud that our platform has played a role in helping leaders take into account more voices from across their communities and has helped them ensure they work for all their residents as they navigate this pivotal time,” said Eyal Feder-Levy, CEO and Co-founder of Zencity. “We’re humbled that our existing investors — who know our work, progress, and the impact that our product has on government decision-making — chose to lead this extraordinary round. This funding will allow us to double down on being a real force multiplier to our government partners.”
“Working with Zencity closely over the past year has been a rare opportunity to help realize one of the most exciting visions I have ever come across as an investor, for changing the landscape of an industry. And in Zencity’s case, this vision has been coupled with impeccable execution,” said Eitan Bek, Managing Partner at TLV Partners. “As Zencity was gearing up to its next round, doubling down and increasing our existing stake in the company was an easy decision and I’m excited to continue the journey alongside Eyal, Ido, and the Zencity team.”
“As one of Zencity’s early investors, watching the company execute so well on its vision to help local government agencies better serve their residents is inspiring,” said Emanuel Timor, General Partner at Vertex Ventures Israel. “Zencity’s platform has already improved how tens of millions of Americans are able to engage with government leaders. Based on its impressive growth and the quality of its management and entire team, we were eager to more than double Vertex’s investment in Zencity.”