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Zencity secures $40m in Series C led by StepStone Group with TLV Partners participation to advance AI capabilities for local government trust-building

Jun 18, 2024•over 1 year ago

Amount Raised

$40 Million

Round Type

series c

Tel Aviv

Investors

Tlv PartnersStep Stone Group

Description

Zencity, the leading community engagement platform for local governments, has announced a $40m Series C investment led by StepStone Group and with participation from TLV Partners. The new capital will be used to advance Zencity’s artificial intelligence capabilities, make key hires in engineering and data science, and enhance customer service for its local government partners on four continents.

Company Information

Company

Zencity

Location

Tel Aviv, Tel-Aviv District, Israel

About

Zencity is a community insights and analytics platform that provides actionable data to state and local government leaders about their residents’ needs and priorities. As the most comprehensive civic engagement solution on the market, Zencity offers government organizations insights from resident feedback through the analysis of millions of pieces of anonymized and aggregated data points alongside continuous, community-based polling. More than 200 government agencies across the United States depend on Zencity to take civic engagement to the next level in order to inform decision-making, build trust, measure progress, and ensure the efficient allocation of resources. Visit https://zencity.io for more information.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech