OpenCouncil has raised €200,000 in revenue-based financing from the Investing For Purpose Fund, with support from EquiFund II and the European Investment Fund, giving the civic-tech platform room to scale without giving up ownership.
The platform uses AI to turn long municipal council sessions into accessible information for citizens. It automatically transcribes meetings with speaker recognition, extracts topics, generates summaries by speaker and sends tailored updates through SMS, WhatsApp and email when decisions affect a neighborhood.
OpenCouncil is already live in 10 municipalities across Greece, serving more than 1 million residents. Its partner cities range from Athens, with about 660,000 residents, to Samothraki, with just 2,800.
Since launching in January 2025 with two municipalities, the platform has expanded to 10 partners in 14 months and now generates €135,000 in annual recurring revenue. The company says it is close to profitability, but plans to reinvest the new capital into product improvements and geographic expansion rather than chase short-term gains.
The financing will support two new hires, faster product development and a broader municipal footprint. OpenCouncil says the goal is to expand to more than 80 municipalities and at least three countries over the next two to three years.
The company’s open-source model is central to that strategy. Its code is publicly available on GitHub, its meeting data is accessible through a public API and its pricing is published transparently, reinforcing the platform’s civic-tech positioning.
