# Sitetracker

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/sitetracker

- Industry: Software
- Headquarters: Montclair, US
- Website: www.sitetraker.com/
- Total disclosed funding: $121M
- Latest round: Series D (Jul 7, 2022)
- Investors on record: 12

## About

Sitetracker, Inc. is a US-based company specializing in Asset Lifecycle Management, facilitating efficient management of critical infrastructure projects across various industries including energy, construction, and telecommunications.Founded in 2013 in Montclair, US, Sitetracker, Inc. focuses on providing asset management solutions. The company has received a total of USD 66.00 mn in funding, with its latest round being a Venture Debt of USD 30.00 mn from Bridgebank Capital in September 2022.Sitetracker is a comprehensive Asset Lifecycle Management platform designed to facilitate the planning, construction, operation, and maintenance of critical infrastructure. The platform centralizes data and standardizes processes, enabling customers to manage workflows related to site acquisition, permitting, capital planning, and asset management efficiently. Sitetracker serves a diverse client base, including industries such as digital infrastructure, energy transition, utilities, construction, engineering, and real estate, providing solutions that empower asset owners and operators to oversee complex projects and optimize resource allocation. The software is tailored for various geographical markets, including North America, Europe, and parts of Asia, where it addresses the needs of businesses managing high volumes of wireless and wireline assets, distributed energy projects, and data centers.Sitetracker generates revenue primarily through subscription-based models, allowing clients to access its platform and services. Revenue transactions typically occur through annual or multi-year contracts where businesses pay a recurring fee to utilize the software, which includes features for project management, financial management, and field work management. Clients range from telecommunications and energy companies to construction firms that require a scalable solution for managing their assets efficiently. The platform’s pricing structure is tiered based on the scale of operations and the specific modules utilized, ensuring that varying business sizes can find suitable options that align with their operational needs. This subscription model provides continuous revenue streams for Sitetracker, fostering long-term partnerships with its clients, enhancing their operational efficiencies and project success rates.In September 2022, Sitetracker, Inc. raised USD 30.00 mn in venture debt funding from Bridgebank Capital, part of a larger USD 96.00 mn in Series D and debt funding. The financing will be utilized to expand sales capacity, grow the employee count, and increase market awareness. The company plans to design and launch new products, although specific release dates have not been disclosed, and aims to expand into additional geographic regions, focusing on markets in Europe and Asia.

## Funding rounds

- Series D, Jul 7, 2022, $66M — The Raine Group, H.I.G. Growth Partners, NTT DOCOMO Ventures, Kingfisher Investment Advisors, Clearvision Ventures, Energize Capital, National Grid Partners
- Series C, Dec 22, 2020, $10M — New Enterprise Associates, DTCP, H.I.G. Growth Partners, Salesforce Ventures, Clearvision Ventures, Energy Impact Partners, Energize Capital, Wells Fargo Strategic Capital, National Grid Partners
- Series B, May 22, 2019, $10M — Energize Capital
- Series B, Aug 15, 2018, $24M — New Enterprise Associates, Salesforce Ventures, Wells Fargo Strategic Capital, National Grid Partners
- Series A, Jun 26, 2017, $11M — New Enterprise Associates

## Investors

- New Enterprise Associates (https://capitalatlas.ai/funds/new-enterprise-associates) — Series A, Series B, Series C
- Salesforce Ventures (https://capitalatlas.ai/funds/salesforce-ventures) — Series B, Series C
- Wells Fargo Strategic Capital — Series B, Series C
- National Grid Partners (https://capitalatlas.ai/funds/national-grid-partners) — Series B, Series C, Series D
- Energize Capital (https://capitalatlas.ai/funds/energize-capital) — Series B, Series C, Series D
- DTCP — Series C
- H.I.G. Growth Partners (https://capitalatlas.ai/funds/h-i-g-growth-partners) — Series C, Series D
- Clearvision Ventures (https://capitalatlas.ai/funds/clearvision-ventures) — Series C, Series D
- Energy Impact Partners (https://capitalatlas.ai/funds/energy-impact-partners) — Series C
- The Raine Group (https://capitalatlas.ai/funds/the-raine-group) — Series D
- NTT DOCOMO Ventures (https://capitalatlas.ai/funds/ntt-docomo-ventures) — Series D
- Kingfisher Investment Advisors (https://capitalatlas.ai/funds/kingfisher-investment-advisors) — Series D