Sitetracker Valuation, Funding & Investors
Sitetracker is valued at $186M as of January 2021.
Last Sitetracker valuation
$186M
Series C · Jan 2021
Last Sitetracker funding round
$66M
Series D · Sep 2022
Cumulative funding Sitetracker raised
$153M
across 5 funding rounds
Key investors in Sitetracker
New Enterprise Associates
Salesforce Ventures
National Grid Partners (NGP)
Energize Capital
Wells Fargo Strategic Capital
Clearvision Ventures
About Sitetracker
Sitetracker is a SaaS platform that manages the full asset lifecycle for critical infrastructure in telecommunications, renewable energy, and utilities. Mountain View-headquartered, the company delivers AI-powered automation and analytics to streamline planning, deployment, maintenance, and scaling of capital portfolios. Market leaders including Ericsson, Vodafone, British Telecom, Google, and Fortis utilize Sitetracker to oversee millions of sites representing more than $25 billion in global holdings. Founded in 2015, Sitetracker supports operations from field technicians to C-suite executives across North America, Europe, and beyond.
Founded
2013
HQ
Montclair, NJWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$186M (Jan 2021)
Sitetracker Valuation
Sitetracker is currently valued at $186M, based on its Series C in January 2021.
The $42M round was led by Energize Capital and H.I.G. Growth Partners, with participation from Salesforce Ventures, Clearvision Ventures, New Enterprise Associates, Wells Fargo Strategic Capital, Energy Impact Partners and 2 other investors.
Sitetracker's valuation has grown 1.8x from $105M at its Series B in August 2018 to $186M in January 2021, across 2 priced rounds.
Sitetracker valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jan 2021 | Series C | $186M |
| Aug 2018 | Series B | $105M |
Sitetracker Funding History
Sitetracker has raised a total of $153M across 5 funding rounds.
Sitetracker's first fundraising round was a $11M Series A in July 2017. The most recent completed round was a $66M Series D in September 2022.
Sitetracker funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Sep 2022 | Series D | Energize Capital (lead); H.I.G. Growth Partners; Clearvision Ventures; The Raine Group; NTT DOCOMO Ventures; National Grid Partners (NGP); Kingfisher Investment Advisors | $66M | - | Sitetracker is a deployment operations management software platform serving telecommunications, energy, and critical infrastructure companies. The company helps providers manage millions of sites and assets globally, including towers, fiber networks, 5G infrastructure, solar installations, distributed energy systems, and EV charging stations. Sitetracker closed its Series D financing round on September 28, 2022, raising $66 million in equity financing, which was part of a broader $96 million capital raise that included debt financing. The Series D was led by Energize Ventures and included investors Clearvision Ventures, H.I.G. Growth Partners, Kingfisher Investment Advisors, NTT DoCoMo Ventures, National Grid Partners, and The Raine Group. This Series D brought total capital raised since 2013 to nearly $200 million. During 2022, Sitetracker demonstrated strong momentum with approximately 50% year-over-year revenue growth in the first half of the year, added more than 50 new customers globally, and expanded contracts with over 85% of its existing customer base. The company employed close to 400 people at the time of the Series D closing and had hired over 75 people across eight new countries during 2022. |
| Jan 2021 | Series C | Energize Capital (lead); H.I.G. Growth Partners (lead); Salesforce Ventures; Clearvision Ventures; New Enterprise Associates; Wells Fargo Strategic Capital; Energy Impact Partners; Ericsson Ventures; National Grid Partners (NGP) | $42M | $186M | Sitetracker is a Palo Alto-based software platform serving as the global standard for deploying, operating, servicing, and managing critical infrastructure and technology projects, primarily for industries including telecom, utilities, alternative energy, and others. The company announced a $42 million Series C funding round on January 27, 2021, led by new investor H.I.G. Growth Partners and returning investor Energize Ventures (also referred to as Energize Capital), with participation from returning investors such as New Enterprise Associates (NEA), National Grid Partners (NGP), Wells Fargo Strategic Capital, Salesforce Ventures, and new investors including Energy Impact Partners (EIP), Clearvision Ventures, Ericsson Ventures (via related pools), and others. This round brought Sitetracker's total funding to $92 million, with proceeds earmarked to accelerate the product roadmap, enhance solution delivery capabilities, support global expansion, and drive customer success in multi-billion-dollar critical infrastructure markets. Despite 2020 challenges, Sitetracker demonstrated strong traction by growing its global user base by 17,000 users across telecom, utilities, and alternative energy sectors, achieving adoption rates above 90% through a customer-centric approach and powerful platform capabilities. The company maintained a global presence with offices and employees in the USA, Europe, Latin America, and APAC, bolstered by top system integrators and a partner network, positioning it to address operational challenges in distributed capital asset deployment and maintenance. Investors highlighted Sitetracker's momentum in fostering customer relationships and delivering best-in-class software for industries facing complex business operations. Sitetracker's focus remained on empowering customers to transform industries through operational excellence in critical infrastructure management. |
| May 2019 | Series B | Energize Capital (lead); National Grid Partners (NGP) (lead); Salesforce Ventures; New Enterprise Associates; Wells Fargo Strategic Capital | $10M | - | - |
| Aug 2018 | Series B | New Enterprise Associates (lead); Salesforce Ventures; Wells Fargo Strategic Capital | $24M | $105M | Sitetracker is a project, asset, and work management platform designed for critical infrastructure companies, particularly in telecommunications and energy sectors, facilitating deployment and operations management. On August 23, 2018, the company raised $24 million in a Series B round led by New Enterprise Associates (NEA), with participation from Salesforce Ventures and Wells Fargo Strategic Capital, bringing total funding to $35 million at the time. This round had a post-money valuation of $105.15 million. The Series B funding was aimed at fueling continued innovation and global expansion for Sitetracker. Subsequently, in May 2019, Sitetracker extended its Series B by adding an investment from Energize Ventures, increasing the round to $34 million and total funding to $45 million. This extension underscored validation from infrastructure operators facing technological shifts, with a focus on customer success and roadmap delivery. Sitetracker continued raising capital in later rounds, including a Series C in January 2021 for $42 million at a post-money valuation of $186.19 million, and a Series D in September 2022 for $66.49 million at $367.12 million valuation, with total funding reaching approximately $460 million by then. The company has positioned itself as a key player in telecom and renewable energy infrastructure software. |
| Jul 2017 | Series A | New Enterprise Associates (lead) | $11M | - | Sitetracker raised $11 million in Series A funding on July 11, 2017, led by New Enterprise Associates (NEA). The proceeds were allocated to accelerate the SiteTraker Program & Asset Management platform roadmap, deepen customer engagement, and support market expansion. Sitetracker provides a complete program and asset management platform designed to modernize end-to-end infrastructure and capital project execution for telecommunications and smart cities. NEA General Partner Chetan Puttagunta highlighted Sitetracker's differentiated technology and early success in innovative markets. CEO Giuseppe Incitti emphasized the platform's ability to help project managers handle large, complex capital projects and assets. NEA, with over $19 billion in committed capital since 1977, invests across technology and healthcare stages from seed to IPO. |
Who has invested in Sitetracker?
12 investors have backed Sitetracker across its funding rounds, including New Enterprise Associates, Salesforce Ventures, National Grid Partners (NGP), Energize Capital, Wells Fargo Strategic Capital and Clearvision Ventures.
Lead investors include Energize Capital, H.I.G. Growth Partners, National Grid Partners (NGP) and New Enterprise Associates.
Sitetracker Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| San Francisco, CA | 4 | Lead | Jul 2017 | |
| San Francisco, CA | 3 | Participant | Aug 2018 | |
| San Francisco, CA | 3 | Participant | Aug 2018 | |
| Chicago, IL | 3 | Lead | May 2019 | |
| San Jose, CA | 3 | Lead | May 2019 | |
| Miami, FL | 2 | Lead | Jan 2021 | |
| San Francisco, CA | 2 | Participant | Jan 2021 | |
| New York City, NY | 1 | Participant | Sep 2022 | |
| New York City, NY | 1 | Participant | Jan 2021 | |
| San Jose, CA | 1 | Participant | Jan 2021 | |
This data is available for Pro users. Sign up to see all 12 Sitetracker investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by Sitetracker
Sitetracker has acquired 1 company to date.
Last acquisition by Sitetracker was on December 3rd 2024. Sitetracker acquired ATLAS.ti for undisclosed valuation.
Latest Acquisitions by Sitetracker
| Description | ATLAS.ti is a Berlin-based software provider of tools for qualitative data analysis, enabling researchers to code, annotate, and visualize text, audio, video, and image data from computers, networks, or the web. Used by academics and professionals in social sciences, market research, and healthcare, it supports team collaboration through cloud-based projects and integrates with survey tools like Qualtrics. |
| HQ Country |  |
| HQ City | Berlin |
| Deal Date | 3 Dec 2024 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Sitetracker acquisitions and their M&A valuation multiples. Start Free Trial | |
Sitetracker Competitors
Sitetracker competitors include listed companies like Razor Labs, Redwood AI, Hanyang Eng and Computer Modelling Group, and private ones like Hydrosat and Robovision.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 Israel | Publicly listed | $11M | ($5M) | $72M | - | |
 Canada | Publicly listed | - | ($385K) | $44M | - | |
 South Korea | Publicly listed | $814M | $45M | $375M | - | |
| Canada | Publicly listed | $90M | $25M | $214M | 2.5x | |
| Washington, DC | Private | - | - | $180M | - | |
 Ghent | Private | - | - | $180M | - |
Sitetracker Public Comps
Sitetracker is still privately-owned, but its public comps include Perfect Corp., Appen, Selvas AI, Expert.ai, Tecnotree, Systems Engineering, Abeja, Merlin, Ever Fortune.AI and Computer Modelling Group.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $69M | $636K | 0.5x | 0.5x | 56.9x | 11.9x | |||
| $231M | $9M | 0.7x | 0.6x | 16.9x | 7.2x | |||
| $84M | ($65K) | 2.6x | 3.3x | (3294.6x) | 19.8x | |||
| $53M | $5M | 4.0x | 4.3x | 39.9x | 53.8x | |||
| $83M | $26M | 1.8x | - | 5.8x | - | |||
| $72M | $14M | 2.3x | 2.2x | 12.3x | - | |||
| $23M | $3M | 7.8x | 6.4x | 60.9x | - | |||
| $1M | ($52M) | 153.4x | 23.3x | (3.6x) | (2.6x) | |||
This data is available for Pro users. Sign up to see all Sitetracker competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Sitetracker
| When was Sitetracker founded? | Sitetracker was founded in 2013. |
| Where is Sitetracker headquartered? | Sitetracker is headquartered in Montclair, NJ, United States. |
| Is Sitetracker publicly listed? | No, Sitetracker is a private, VC-backed company. |
| What is Sitetracker's valuation? | Sitetracker was last valued at $186M in its Series C in January 2021. |
| How much funding has Sitetracker raised? | Sitetracker has raised $153M across 5 funding rounds. |
| What was Sitetracker's last funding round? | Sitetracker's last funding round was a $66M Series D in September 2022, led by Energize Capital. |
| Who are Sitetracker's investors? | Sitetracker's investors include New Enterprise Associates, Salesforce Ventures, Wells Fargo Strategic Capital, Energize Capital, National Grid Partners (NGP), H.I.G. Growth Partners, Clearvision Ventures, The Raine Group, Energy Impact Partners, Ericsson Ventures and 2 others. |
| Which companies are comparable to Sitetracker? | Companies comparable to Sitetracker include Razor Labs, Redwood AI, Hanyang Eng, Computer Modelling Group, Hydrosat and Robovision. |
| How many companies has Sitetracker acquired? | Sitetracker has acquired 1 company, including ATLAS.ti. |
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