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- Locusview
Locusview Acquisition, Valuation, Funding & Investors
Locusview was acquired by Itron for $525M in November 2025.
Cumulative funding Locusview raised
$77M
across 3 funding rounds
Key investors in Locusview
OurCrowd
ClalTech
Israel Growth Partners
Clal Insurance
LIP Ventures Boutique
Leumi Partners
Discount Capital
About Locusview
Locusview is a Digital Construction Management platform for energy, telecom, and water utilities, based in Calgary, Canada. Its cloud solution manages linear infrastructure projects from engineering design through commissioning, serving clients like Enbridge and AT&T. The platform captures as-built data via mobile apps with GPS and barcode scanning, integrating with Esri ArcGIS and Oracle Primavera. Locusview automates redline markups and stakeholder approvals, reducing project delays by 25%. Features include digital twins for asset handover and AI-driven quality checks. Deployed on 10,000+ km of pipelines, it supports IFRS compliance for capitalization.
Founded
2014
HQ
Website
Status
Acquired
Customer focus
B2B
Revenue model
Subscription
Valuation
$525M (acquired Nov 2025)
Locusview Acquisition
Locusview was acquired by Itron for $525M on 17 November 2025.
Before the acquisition Locusview had raised $77M across 3 funding rounds.
Itron announced on 17 November 2025 that it had signed a definitive agreement to acquire Locusview for USD 525 million in cash. The agreement was expected to close in January 2026 subject to customary conditions, and Itron later reported that the acquisition closed on 5 January 2026. OurCrowd's official exits page identifies Locusview as an OurCrowd exit and names Itron as the acquirer. Itron said Locusview would join its Resiliency Solutions segment and extend its capabilities for utilities undertaking grid modernization and infrastructure construction. Locusview provides digital construction management software that links design, field work, geospatial data capture and asset handover for electric, gas, water and telecommunications networks. The company was founded in 2014 and said its system had supported more than one million capital projects by the announcement date. Itron funded the purchase from cash on hand and described Locusview's project data as complementary to its connected utility devices, networks and analytics. The USD 525 million figure is the disclosed purchase price for Locusview rather than a financing round or an amount attributable to a broader package.
| Acquirer | Date | Type | Price |
|---|---|---|---|
| 17 Nov 2025 | Strategic M&A | $525M |
Sources: locusview.com, investors.itron.com, ourcrowd.com
Locusview Funding History
Locusview has raised a total of $77M across 3 funding rounds.
Locusview's first fundraising round was a $5M pre-seed round in March 2018. The most recent completed round was a $64M Series A in April 2021.
Locusview funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Apr 2021 | Series A | Israel Growth Partners (lead); Discount Capital; Leumi Partners; LIP Ventures Boutique; ClalTech; Clal Insurance; OurCrowd | $64M | Locusview, founded in 2014, develops a Digital Construction Management (DCM) platform for energy, telecom, and water industries, focusing on infrastructure capital projects from planning to close-out, with features for field crews, inspectors, and back-office management via mobile and web access. The company, headquartered in Tel Aviv and Chicago with 120 employees across five offices, completed a $64 million Series A funding round on April 28, 2021, led by Israel Growth Partners, with participation from Clal Insurance, ClalTech, Discount Capital, Leumi Partners, and existing investors including OurCrowd, bringing total funding to $80 million. Proceeds were allocated to global expansion into electric utilities, product development, team growth to double staff by year-end, and acquisition opportunities. At the time of the round, Locusview reported rapid growth with revenue in the tens of millions of dollars, large deployments in the US among over 20 major utility companies, and plans to enter Europe, Australia, India, and Latin America. Israel Growth Partners highlighted the company's position to lead digital transformation in infrastructure construction, noting nearly $500 billion annual investment in energy and telecom infrastructures. CEO Shahar Levi emphasized supporting growing demand from customers alongside an aggressive M&A strategy. The 2021 round marked Locusview's primary significant funding, after which it operated profitably without further external capital. In a notable development, Locusview was acquired by Itron for $525 million in an all-cash deal announced November 17, 2025, expected to close January 2026, following management of over one million US energy-infrastructure projects worth tens of billions and serving more than 25 major utilities and 150 contractors. |
| May 2019 | Seed | OurCrowd | $8M | - |
| Mar 2018 | Pre-seed | - | $5M | - |
Who has invested in Locusview?
7 investors have backed Locusview across its funding rounds, including OurCrowd, ClalTech, Israel Growth Partners, Clal Insurance, LIP Ventures Boutique and Leumi Partners.
Lead investors include Israel Growth Partners.
Locusview Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Participant | May 2019 | ||
| 1 | Participant | Apr 2021 | ||
| 1 | Participant | Apr 2021 | ||
| 1 | Participant | Apr 2021 | ||
| 1 | Participant | Apr 2021 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by Locusview
Locusview has acquired 1 company to date.
Last acquisition by Locusview was on April 6th 2018. Locusview acquired LocusView Solutions for undisclosed valuation.
Latest Acquisitions by Locusview
| Description | LocusView Solutions is a utility software company that GTI International launched in Chicago in 2014 to bring commercial-scale mobile geospatial products and services to natural gas operators, building on technology developed with industry support. Its Digital Construction application gave utilities a paperless process for capturing and validating construction data in real time, using GPS, barcode scanning and sensors to record materials, fusions and joints, operator qualifications and pressure tests and to feed the data into GIS and other enterprise systems. Its Intelligent Inspection product applied a risk-based statistical model to prioritise inspections of workmanship quality, compliance and safety on construction work. The company also carried asset lifecycle tracking technologies developed by GTI and sold its products to gas utilities across the United States. In April 2018 GTI sold it to NortecView, the Israeli developer of its mobile platform, and the two later combined into one company under the Locusview name. |
| HQ Country | |
| HQ City | Chicago, IL |
| Deal Date | 6 Apr 2018 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Locusview acquisitions and their M&A valuation multiples. Start Free Trial | |
Locusview Competitors
Locusview competitors include listed companies like IVU Traffic Technologies and TomTom, and private ones like FLASH, Andpad, Phantom Auto and Zinier.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1B | - | ||
| Publicly listed | $170M | $26M | $517M | 2.5x | ||
| Private | - | - | $537M | - | ||
| Publicly listed | $622M | $18M | $509M | 0.5x | ||
| Private | $37M | - | $500M | 13.5x | ||
| Private | - | - | $500M | - |
Locusview Public Comps
Locusview is no longer listed, but its public comps include Merko Ehitus, ACICO Group, Grupo Empresarial San, IVU Traffic Technologies, Wilson Bayly Holmes-Ovcon, Lycopodium, TomTom, Kalpataru, Hindustan Construction Co and AVAX.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $349M | $52M | 1.5x | - | 10.3x | - | |||
| $261M | $48M | 3.5x | - | 18.9x | - | |||
| $1.8B | $76M | - | - | - | - | |||
| $170M | $26M | 2.7x | 2.5x | 17.3x | 14.9x | |||
| $1.7B | $111M | 0.2x | 0.2x | 2.5x | 2.5x | |||
| $259M | $41M | 1.8x | 1.5x | 11.5x | 9.8x | |||
| $622M | $18M | 0.5x | 0.5x | 16.0x | 5.8x | |||
| $330M | $137M | 4.3x | 4.3x | 10.3x | 109.1x | |||
This data is available for Pro users. Sign up to see all Locusview competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Locusview
| When was Locusview founded? | Locusview was founded in 2014. |
| Where is Locusview headquartered? | Locusview is headquartered in Chicago, IL, United States. |
| Is Locusview publicly listed? | No, Locusview was acquired by Itron in November 2025. |
| Who acquired Locusview? | Locusview was acquired by Itron in November 2025. |
| How much was Locusview acquired for? | Locusview was acquired for $525M in November 2025. |
| How much funding has Locusview raised? | Locusview has raised $77M across 3 funding rounds. |
| What was Locusview's last funding round? | Locusview's last funding round was a $64M Series A in April 2021, led by Israel Growth Partners. |
| Who are Locusview's investors? | Locusview's investors include OurCrowd, Discount Capital, Leumi Partners, LIP Ventures Boutique, ClalTech, Clal Insurance and Israel Growth Partners. |
| Which companies are comparable to Locusview? | Companies comparable to Locusview include FLASH, IVU Traffic Technologies, Andpad, TomTom, Phantom Auto and Zinier. |
| How many companies has Locusview acquired? | Locusview has acquired 1 company, including LocusView Solutions. |
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