Gravity and Lead Edge Capital have acquired ClearGov

ClearGov

ClearGov is an industry-leading provider of budgeting, planning and transparency software for more than 1,700 local governments, school districts and state agency customers throughout the U.S. ClearGov provides modern, cloud-based software purpose-built for the public sector that brings stakeholders together on one central platform to manage the complete budget cycle – planning, budgeting, disclosing and engaging the community. Since the company’s founding, ClearGov has been at the forefront of revolutionizing the budgeting process by improving internal collaboration and communicating financial information clearly so that municipalities can disclose their financial stories in a way that builds trust and support among constituents. More information is available at https://www.cleargov.com/.

Gravity

Gravity is a leading government technology provider dedicated to modernizing how public agencies manage, analyze and communicate data. Gravity empowers local governments to make data-driven decisions through a robust suite of tools that enable transparency and operational efficiency. Supporting hundreds of municipal and state agencies nationwide, Gravity partners with organizations to help deliver better services to their communities. More information is available at https://www.onegravity.com.

The Deal

Lincoln International acted as the exclusive financial advisor to Gravity and Lead Edge on the acquisition of ClearGov, leveraging the firm’s extensive market expertise and transaction experience in the government technology sector to deliver unique insights and strategic advice throughout the transaction.

With the merger of ClearGov and Gravity, unified under the ClearGov brand, the company will become the most comprehensive modern finance platform, removing friction from the entire financial lifecycle for the public sector.

Public finance teams face rising complexity with tighter budgets, limited staffing, aging infrastructure, new compliance requirements and heightened public expectations for transparency. The combined ClearGov platform creates one continuous workflow by connecting planning, budgeting, reporting, disclosures, grants and transparency while simultaneously delivering the operational and compliance capabilities that legacy ERP systems were not designed to support.

Dan Lynn, Partner at Lead Edge Capital, commented, “We are tremendously excited to unite ClearGov and Gravity as one modern platform representing the future of public sector financial modernization. We greatly appreciate our partnership with the Lincoln team. Their market insights and thoughtful execution support were invaluable throughout the transaction.”

“We are grateful for the expertise and guidance Lincoln provided while we worked to combine two unique organizations in the public sector finance ecosystem,” said Tyler Davey, CEO of the newly combined ClearGov. “Their strategic industry knowledge and company insights were critical to completing a successful merger and reaching an outcome that strengthens our long-term vision.”

Our Perspective

Chris Gresh, Managing Director in Lincoln’s Technology Group, said, “It was a privilege to work with the Lead Edge and Gravity teams on this significant transaction in the public sector finance space. Gravity and ClearGov have each carved out a unique leadership position in the sector, and the combined business will continue to excel as a market leader with an even stronger position and portfolio of capabilities to serve public sector clients.”

Griffin Bealle, Managing Director in Lincoln’s Technology Group, added, “The combined ClearGov platform is well positioned to deliver modern, impactful and comprehensive public finance software solutions for state and local governments. We look forward to following the company’s continued rapid growth and success supported by Frontier and Lead Edge, given their strong track record in vertical software.”

Lead Edge Capital

Lead Edge Capital is a $5 billion growth equity firm investing in software, internet and tech-enabled businesses globally. One of the main drivers of Lead Edge’s success is its unique investor base, a network of 700+ executives, entrepreneurs and dealmakers who have built and run some of the world’s most successful companies. In addition to providing flexible capital, Lead Edge leverages this global advisory group to connect portfolio companies with the customers, partners, talent and advisors needed to accelerate growth. For more information, visit https://www.leadedge.com.

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