ZenCity
Financials
Estimates*
USD | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|
Revenues | 7.3m | 9.4m | 31.0m | 42.5m | 42.5m |
% growth | - | 29 % | 230 % | 37 % | - |
Date | Investors | Amount | Round |
---|---|---|---|
$1.7m | Seed | ||
N/A | Seed | ||
* | $6.0m | Series A | |
$13.5m | Series B | ||
$30.0m | Late VC | ||
* | $40.0m | Series C | |
Total Funding | AUD141m |
Recent News about ZenCity
EditZencity is a technology company that leverages artificial intelligence to transform how local governments make decisions. By analyzing resident feedback from various sources, Zencity provides actionable insights that help municipalities prioritize resources, track performance, and engage more effectively with their communities. The company primarily serves local governments, including cities and counties, operating within the public sector market. Zencity's business model revolves around a subscription-based service, where clients pay for access to the platform and its analytical capabilities. This model ensures a steady revenue stream while providing continuous value to its users. Zencity's platform is particularly valuable during crisis situations, such as the coronavirus pandemic, where real-time data and insights are crucial for effective governance. The company is trusted by over 150 local governments, setting a new standard for performance management in the public sector.
Keywords: AI-driven, resident feedback, local governments, resource prioritization, performance tracking, community engagement, public sector, subscription-based, real-time data, crisis management.