#United States #London #Asset Management #PSD Citywide #Norwest

PSD Citywide Partners with Norwest for Expansion

On October 21, 2025, PSD Citywide, a recognized leader in enterprise asset management software solutions, announced a strategic investment from venture capital firm Norwest. This partnership marks a significant step in PSD City's aim to extend its reach across the United States and Canada. This collaboration is poised to bolster product innovation, expand their team, and enhance operational efficiency for their municipal clients.

Addressing Municipal Challenges

Matt Dawe, the Founder and CEO of PSD Citywide, highlighted the platform's ability to assist municipalities in overcoming various challenges such as outdated infrastructure and budget constraints. The Citywide Platform has evolved from its humble beginnings as an industry publication into a sophisticated solution designed specifically for municipal needs. Today, it helps numerous municipalities manage their physical assets while significantly improving citizen engagement.

The Citywide Platform Features

PSD Citywide’s solutions consist of five modular and cloud-native products that are fully integrated for municipal operations. These include:

• - Enterprise Asset Management (EAM): Assists municipalities in tracking and maintaining their physical infrastructure effectively.
• - Permitting, Planning, and Licensing (PLL): Streamlines application processes and regulatory compliance.
• - Budgeting and Geographic Information Systems (GIS): Enhances financial planning and spatial analysis.
• - Mobile Experience and Robust API: Offers flexibility and advanced connectivity for municipal operations.
• - User-Friendly Interface: Delivers powerful tools and insights for effective management of municipal services.

Through its innovative platform, PSD Citywide assists communities in managing over $400 billion in municipal assets. Their adaptable solutions ensure that each client receives tailored support, addressing unique local requirements and driving growth rates of over 300% in the U.S. market last year.

Potential and Opportunities Ahead

Chris Sondej, a Principal at Norwest, emphasized the immense value municipalities can unlock by digitizing their asset management workflows. He stated that PSD Citywide distinguishes itself with its purpose-built platform and the strength of its client relationships. This partnership aligns not only with the operational goals of PSD Citywide but also reflects Norwest's focus on scaling government technology solutions.

The inclusion of Norwest’s team, including General Partner Ran Ding, Principal Chris Sondej, and Vice President Gabe Stauber, to the PSD board signals a commitment to strategically guide the company as it expands.

Expert Guidance and Legal Support

As part of this investment move, PSD Citywide also engaged EY Parthenon as its exclusive financial advisor, ensuring robust financial insight and strategy. Legal counsel for PSD was provided by Stikeman Elliott LLP, and legal representation for Norwest came from Osler, Hoskin & Harcourt LLP and Weil, Gotshal & Manges LLP.

About PSD Citywide

PSD Citywide specializes in providing unified cloud-based software solutions across various domains, including enterprise asset management, financial services, GIS, and permitting. The company caters to a diverse range of municipal governments, offering tailored solutions to ensure optimal service delivery for over 500 clients throughout North America.

About Norwest

With more than $15.5 billion in managed capital, Norwest is a prominent investment firm that has funded over 700 companies since its inception. Their expertise lies in early to late-stage businesses, focusing on enterprise, healthcare, and consumer sectors. Norwest provides a rich network of connections and operational experience aimed at helping businesses scale efficiently.

Conclusion

The partnership between PSD Citywide and Norwest represents a significant step towards enhancing municipal asset management practices, ultimately serving to benefit both governments and their citizens across the North American landscape.