Streamline Secures $7.9 Million in Funding from Arthur Ventures
Deal News | Feb 11, 2025 | Arthur Ventures LLC
Fast-growing software startup Streamline, based in Sacramento, has raised $7.9 million in equity funding led by Arthur Ventures. This investment will aid the company's mission to expand its services to more and larger special districts across the United States. Streamline, which spun out from Digital Deployment in 2022, currently serves 2,300 special district clients and employs 54 people. The company develops software platforms aimed at helping government and special districts meet federally mandated communication requirements. The software platform includes ADA-compliant functionalities and is offered as a subscription service. Previous investors BarronKent LLC and Growth Factory also participated in the round. The funding comes after a previous $7.8 million investment from Arthur Ventures in December 2023, highlighting ongoing confidence in Streamline's growth prospects.
Sectors
- Software as a Service (SaaS)
- Government Technology
Geography
- United States – Streamline operates across 41 states in the United States, highlighting its national reach within the country.
Industry
- Software as a Service (SaaS) – Streamline provides software solutions on a subscription basis for government and special districts, placing it within the SaaS sector.
- Government Technology – Streamline offers technology solutions specifically tailored for government and special districts, improving their compliance and operational efficiency.
Financials
- 7,900,000 – The amount raised in the latest equity funding round led by Arthur Ventures.
- 7,800,000 – The amount of investment led by Arthur Ventures in December 2023.
- 1,500,000 – Amount raised by Streamline in the summer of 2023 for immediate growth, led by BarronKent LLC and the Growth Factory.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Streamline | Target Company | Company | A Sacramento-based software company specializing in creating platforms for government and special districts. |
| Arthur Ventures LLC | Investor | Company | A growth capital firm that invests in business-to-business software companies, led the $7.9 million funding round for Streamline. |
| BarronKent LLC | Investor | Company | A private family office investment group based in Sacramento, participated in the current funding round for Streamline. |
| Growth Factory | Investor | Company | A business accelerator in Rocklin that participated in the latest funding round for Streamline. |
| Mac Clemmens | CEO | Person | CEO of Streamline, overseeing its strategic growth and expansion efforts. |
| Digital Deployment | Former Parent Company | Company | Streamline was spun out as a separate entity from this local software developer in 2022. |