Sitetracker Raises $96 Million in Funding  

by Kay Aloha Villamor October 4th, 2022

Sitetracker, a Montclair, NJ-based deployment operations management software for critical infrastructure providers, completed a Series D equity and debt financing totaling $96 million, bringing Sitetracker's total raised to nearly $200 million since 2013.

Energize Ventures led a new round of equity funding totaling $66 million, with participation from existing investors including H.I.G. Growth Partners, National Grid Partners, Clearvision Ventures, and new investors including NTT Docomo Ventures, Kingfisher Investment Advisors, and Raine Next-Gen Communications.

BridgeBank, a subsidiary of Western Alliance, provided a $30 million revolving credit facility.

The funding will enable the company to scale its global capabilities to support renewable energy, 5G, fiber, and digital telecom infrastructure worldwide.

"With the world's largest telecom and energy providers using our platform to manage their wireless, wireline, solar, and energy deployments and operations worldwide, Sitetracker has a strong tailwind going into 2023 and beyond," said Giuseppe Incitti, Sitetracker's CEO. "This new financing will help us continue to expand our market presence while also investing in our technology so we can stay ahead of the curve in the dynamic energy and connectivity industries."

Sitetracker is currently operating in 30 countries, with ongoing customer deployments scheduled to bring the platform to over 100 countries by the end of 2024.

Sitetracker has launched a new tower solution and forged a new partnership with a leader in private 5G networks. It added new languages and mobile capabilities to its platform and hired over 75 people in eight new countries, bringing its total employee count close to 400.

Company: Sitetracker, Inc.

Raised: $96.0M

Round: Series D Equity and Debt Financing

Funding Month: September 2022

Lead Investors: Energize Ventures and BridgeBank

Additional Investors: H.I.G. Growth Partners, National Grid Partners, Clearvision Ventures, NTT Docomo Ventures, Kingfisher Investment Advisors, and Raine Next-Gen Communications

Company Website: https://www.sitetracker.com/

Software Category:  Deployment Operations Management Software

About the Company: Sitetracker is a deployment operations management software that delivers an intelligent view of business with best practices to help you meet current deployment demand and drive profitable growth. Sitetracker's clientele consists of energy and electric vehicle (EV) charging firms such as ChargePoint, NextEra Energy, Southern Company, and Duke Energy, as well as telecom carriers including AT&T, Segra, Zayo, and British Telecom. By giving telecommunications, utilities, smart cities, media, real estate, and energy teams a cloud-based solution that works easily and effectively, Sitetracker is accelerating the path to digital equity and a more sustainable future. 

Source: https://www.sitetracker.com/sitetracker-completes-96m-in-series-d-equity-and-debt-financing-to-accelerate-telecommunications-and-energy-infrastructure-deployment/



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