Govtech Startup Esper Raised $8 mln Led by Cota Capital in Series A

Esper is a fast-growing govtech startup. In its recent Series A, Esper raised $8 million. The round was led by Cota Capital. In addition, the funding round also featured other investors such as 8VC, Gaingels and Stand Together Ventures Lab.

In 2018, the govtech startup was co-founded by Joe Lonsdale, Maleka Momand and Lilli Oetting with the aim of providing a platform to support governments from a single source of truth.

Esper experienced an unprecedented amount of interest in 2020. Up to now, the company has been funded with more than $14 million in investment capital.

It has helped Esper increase its influence and scale its operations across both federal and state markets in the United States. Many state and local governments are looking for ways to save money as tax revenue falters.

In this new round of investment, the company committed to further scaling up nationwide to accelerate customer acquisition in a short time.

Cota Founding Partner and current Esper’s Board of Director member, Bobby Yazdani is looking forward to collaborating with Esper. The company impressed him with what the company did to help modernize the government.

OpenGov’s CEO, Zac Bookman and Joe Lonsdale from 8VC will also participate and Esper’s Board of Directors team. At present, Esper is headquartered in Austin, Texas and is recruiting for numerous positions.

In April 2021, Esper announced a partnership with the New Hampshire Department of Education. The company is the New Hampshire Department of Education’s choice to support its administration via Esper’s policy management platform.

Esper’s CEO, Maleka Momand, makes it clear that the company’s mission is not to help agencies with paperwork but to centralize their policy management.

Many government agencies struggle to create efficiency, so private sector solutions like the one Esper created may help to create uniform policy efforts – and cut costs.

Source