LiveStories Raises $3 Million to Change the Way Governments Work With Data
Seattle, September 8th, 2016
LiveStories, a Seattle-based company and Techstars graduate, today announced a $3 million seed round led by True Ventures. Additional investors include Founders’ Co-op, Social Leverage, Urban.us, the Knight Foundation and several angel investors.
LiveStories aims to be the data hub for government – a one-stop shop where government agencies can leverage data to help them achieve their program goals. To this end, LiveStories offers a web-based platform that allows data novices and experts alike to easily explore and make sense of data; share and collaborate around data within an organization; and present data in engaging ways to external audiences.
“The public sector is in need of better ways to communicate data in order to inspire action and build healthier, safer, and more informed communities. Our platform and data storytelling approach helps with that,” said LiveStories CEO Adnan Mahmud.
“LiveStories has an opportunity to make a huge impact on communities. It is also the first time I have ever seen the government spend money so fast on a product,” says Puneet Agarwal, Partner at True Ventures, a Silicon Valley-based venture capital firm.
More than 45 million constituents are already being served with the LiveStories platform. Clients include government agencies and nonprofits around the world such as the City of New Orleans, The City of Melbourne, California Health Care Foundation, and San Diego County.
Despite the colder venture capital investment climate, the company was able to close the oversubscribed round in just a few weeks. “We were lucky to be in a position where we had to turn down investors,” said Adnan Mahmud.
The new funds are being used to hire across all departments.