Site trackera Montclair, New Jersey-based provider of deployment operations management software for critical infrastructure providers, raised $96 million in equity and Series D debt.
Energize Ventures conducted a new round of equity financing totaling $66 million, with participation from existing investors including HIG Growth Partners, National Grid Partners, Clearvision Ventures and others, as well as participation from new investors including NTT Docomo Ventures, Kingfisher Investment Advisors and next-generation Raine Communications. BridgeBank, a subsidiary of Western Alliance, provided a $30 million revolving credit facility.
The company intends to use the funds to expand its global capabilities to support renewable energy, 5G, fiber and telecommunications digital infrastructure around the world.
Led by CEO Giuseppe Incitti, Sitetracker provides deployment operations management software for critical infrastructure providers. The cloud-based solution currently enables industry leaders in telecommunications, energy, construction and engineering, real estate and media to manage sites and assets worth more than $150 billion in portfolio. Sitetracker currently operates in 30 countries with ongoing customer deployments planned to bring the platform to over 100 countries by the end of 2024. Sitetracker’s customer base includes energy and electric vehicle charging companies , including ChargePoint, NextEra Energy, Southern Company and Duke Energy as well as telecommunications providers such as AT&T, Segra, Zayo and British Telecom.
So far in 2022, Sitetracker has launched a new Tower Solution, forged a new partnership with a leader in private 5G networks, added new languages and mobile capabilities to its platform, and hired more than 75 people in eight new countries, bringing its total number of employees to almost 400.