Government Budgeting Software Startup OpenGov Raises New Funding

OpenGov Inc., a startup that offers budgeting software for local and state governments, has raised $51 million to continue its expansion into governments across the country, according to Chief Executive Zac Bookman.

Weatherford Capital Management and 8VC led the Series D round while Andreessen Horowitz and others participated in the transaction, Mr. Bookman said in an interview on Wednesday.

Read more from WSJ Pro Venture Capital.

Drew Weatherford Elected to Florida Venture Forum Board of Directors

Weatherford Capital, a leading family-owned private investment firm, today announced that Drew Weatherford, a Partner at the Firm, has been elected to the Florida Venture Forum Board of Directors.

Founded in 1984, the Florida Venture Forum is the preeminent private equity, venture capital and angel capital organization in Florida. The membership-based organization, which provided access to the equity financing needed for sustainable and scalable growth, is a catalyst for accelerating and driving the economic development of Florida. The Forum's comprehensive activities facilitate the creation of an innovation and high-wage economy by preparing, coaching and linking entrepreneurs and growing Florida businesses.

“The Florida Venture Forum’s membership represents a ‘who’s who’ of business and investment leaders active in all facets of the venture capital industry, and our board, in particular, is comprised of people who are passionate about helping entrepreneurs and their companies, and our local communities, grow and prosper,” said Kevin Burgoyne, President and Chief Executive Officer of the Florida Venture Forum.

Read more from Yahoo Finance.

Caroline CollinsTeam
College football stars shine in private equity

The second-oldest of nine siblings, it would have been easy for Will Weatherford to make his career mark solo, without being smothered by family.

He was on his way, first in real estate and soon after in politics. On the latter, Weatherford, a Republican, had a meteoric rise: He went from campaign employee to Florida State House representative to Speaker of the House in roughly a decade. He represented Wesley Chapel.

But Weatherford didn’t think much about going to work with any of his five brothers. At least not until November 2014, when his Speaker term ended. That’s when Weatherford, now 39, and two of his brothers, Sam, 36, and Drew, 34, chatted about going into business together. The other Weatherfords had been in finance and private equity, and that interested Will Weatherford.

Read more from the Business Observer.

Caroline CollinsTeam
Tampa's Weatherford Capital portfolio company gets $100M investment

PayIt, a portfolio company of Tampa’s Weatherford Capital, has received a more than $100 million investment that will allow it to continue expanding its footprint and product capabilities.

InSight Partners, a New York-based venture capital and private equity firm, had previously invested in PayIt in 2016.

PayIt, based in Kansas City, has a platform that lets users pay for state and local services such as the Department of Motor Vehicles, permits and licensing, turnpike passes, income tax, traffic citations and more. Its cloud-based solutions are built specifically for the public sector.

Read more from The Tampa Bay Business Journal.

Tampa investment firm backs huge marinas deal

A fund managed by Weatherford Partners, the private equity firm run by former Florida House Speaker Will Weatherford and his family, was one of two funds that invested in what is now the largest owner and operator of marinas in the world.

Weatherford Partners, based in Tampa, and Guggenheim Partners, headquartered in Chicago and New York, backed Safe Harbor Marinas, a Dallas company that just acquired Brewer Yacht Yard Group for an undisclosed price. After the deal, Safe Harbor has 63 properties housing more than 30,000 members’ boats, a press release said.

Read more from The Tampa Bay Business Journal.

NewsLukas NaugleInvestment
Weatherford Partners raises millions for health care investment

The Tampa investment firm founded by former Florida House Speaker Will Weatherford has raised $7 million for two funds focused on healthcare.

Weatherford Healthcare I LLC raised $2 million in an equity offering in March, and Weatherford Healthcare II LLC raised $5 million in an equity offering in April, according to filings earlier this week with the U.S. Securities and Exchange Commission.

Read more from The Tampa Bay Business Journal.

Will Weatherford investment firm makes splash with first public deal

Weatherford Partners, the private equity firm created by former Florida House Speaker Will Weatherford and his two brothers, on Tuesday announced their first public deal, contributing to a $4.5 million funding round for a Missouri company.

Weatherford’s firm invested in the Kansas City-based PayIt, which produces mobile apps for governments so people can pay for things such as licenses, taxes and traffic citations online.

Weatherford Partners’ specific part of the funding round was not disclosed. Other investors were Advantage Capital PartnersRoyal Street Ventures and Missouri Technology Corp.

Read more from Florida Politics.

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