Polco, a Middleton, Wisconsin-based data-driven civic participation SaaS platform for community members and leaders, announced that it raised $14 million in funding.
The round was led by Mercury Fund, with participation from BAT Ventures and Royal Street Ventures.
In conjunction with the funding, Polco is releasing the company’s next-generation platform featuring new enhanced community performance analytics and insights capabilities.
Polco recently joined leaders in local government, data science, and performance measurement to found Government Partnership for Action and Learning (“GPAL”), which will revolutionize how local governments measure and drive performance.
Polco will integrate into GPAL and be the exclusive platform for communities to access and interact with GPAL’s first-of-its-kind uniform performance measurement system to improve the quality of local governance and community livability across the nation.
“With our data and insights, Polco is committed to helping local governments win grants, continue to improve constituent quality of life, and restore trust in local government organizations to previous levels and beyond. We are pleased to be working with Mercury and our other partners,” said Polco CEO and co-Founder Nick Mastronardi, PhD.
Company: Polco Inc.
Raised: $14.0M
Round: Unknown
Funding Month: October 2022
Lead Investors: Mercury Fund
Additional Investors: BAT Ventures and Royal Street Ventures
Company Website: https://info.polco.us/
Software Category: Community Engagement Polling Platform
About the Company: Polco is an online community engagement polling platform that provides the information tools local governments and other public sector leaders need. Polco delivers community engagement and analytics solutions that enable government leaders to make informed decisions confidently. Polco makes it easy to capture and evaluate accurate and reliable insights through engagement technology and survey research. With our in-house National Research Center, we are the first and only platform to bring together validated feedback, local performance data, and nationally representative benchmark comparisons. Polco cuts through the noise to help build community trust, maximize the impact of public resources, and drive satisfaction. Polco serves a growing base of customers of more than 1,400 local governments and municipalities, including Fort Collins, Colorado; San Jose and Sacramento, California; Honolulu, Hawaii; Jupiter Beach, Florida; Oshkosh, Wisconsin; and many others.
Source: https://www.businesswire.com/news/home/20221003005193/en/Polco-Raises-14-Million-Led-by-Mercury-For-New-Public-Sector-Performance-Analytics-Initiative