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Community Engagement, Survey Firm Polco Raises $14M

The company says its technology and platform can help local governments better determine how to spend grants and serve citizens. Polco has more than 1,400 clients, including San Jose, Calif., and Honolulu.

Polco, a Wisconsin company that offers survey tools for governments, has raised $14 million from a group of investors including Mercury Fund, BAT Ventures and Royal Street Ventures.

The Wisconsin-based company, launched in 2015, has raised more than $20 million total, according to Crunchbase.

The fresh capital comes as the company releases what it described in a statement as a “next-generation platform featuring new enhanced community performance analytics and insights capabilities.”

The company says it has worked with data science, performance measurement and local government officials to launch the Government Partnership for Action and Learning, which features “a first of its kind uniform performance measurement system to improve the quality of local governance and community livability across the nation.”

As the company tells it, recent federal and state grants to local governments are increasing the importance of performance data, which guide how that money will be spent.

As well, local governments’ ratings from residents have taken a hit in recent years, the company says, further boosting the need for reliable data. In fact, online citizen surveys in general have grown more lucrative in the government technology space in large part because of the pandemic.

“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 organization to previous levels and beyond,” said Polco CEO and co-founder Nick Mastronardi in that statement.

Polco has a customer base of more than 1,400 local governments and municipalities. That includes Fort Collins, Colo.; San Jose and Sacramento, Calif.; Honolulu; Jupiter Beach, Fla.; and Oshkosh, Wis.