Your Source for Venture Capital and Private Equity Financings

Venture Capital News: CityBase Closes $6.25M Series B Funding

2016-07-08
CHICAGO, IL, Government technology platform that connects cities and citizens, today announced the close of a $6.25 million Series B funding round.
CityBase, a government technology platform that connects cities and citizens, today announced the close of a $6.25 million Series B funding round led by a $4.0 million investment by KDWC Ventures, LLC.

'CityBase was born to help local governments evolve their revenue collection and service delivery methods with the use of a SaaS based technology platform that integrates and streamlines both city operations and the citizen experience'
Tweet this
CityBase is a Chicago-based company that helps cities reach and serve residents and businesses online, on the phone and in person. The company develops technology, designs payment and communication channels, and aggregates operational data for municipalities, agencies, and utilities based on their proprietary academic research, design and data-driven analysis.

CityBase's cloud-based SaaS platform integrates directly with local governmental agency databases and centralizes the customer interactions of multiple city agencies. The company's products provide cities with comprehensive information about their operations and revenue collection, while providing citizens with a more unified and useful gateway to the government.

KDWC Ventures was founded in 2015 and is among Chicago's largest venture funds. KDWC's focus is on investing in B2B SaaS companies based in the Midwest. It is helping to support Chicago's rapidly growing tech startup community.

'CityBase will be instrumental in applying technology common in the private sector to solutions that address the unique context and challenges faced by local government,' said KDWC partner Terry Diamond. 'We are looking forward to supporting CityBase as it helps local governments utilize technology that provides better service to their constituents and allows them to allocate increasingly scarce resources to meet the needs of their citizens.'

'CityBase was born to help local governments evolve their revenue collection and service delivery methods with the use of a SaaS based technology platform that integrates and streamlines both city operations and the citizen experience,' said Mike Duffy, founder and chief executive officer of CityBase.
(c) by Massinvestor, Inc. For contact info, please check out our about page.
>> Click here for in-depth research on 9,000+ startups and 5,000+ VC investors