Sitetracker Closes $96M in Series D Equity and Debt Financing

Energize Ventures led a new round of equity funding totaling $66M, with participation from existing investors including H.I.G. BridgeBank, a subsidiary of Western Alliance, provided a $30M revolving credit facility. The company intends to use the funds to scale its global capabilities to support renewable energy, 5G, fiber, and telecom digital infrastructure worldwide. The cloud-based solution currently enables industry leaders across telecom, energy, construction and engineering, real estate, and media to manage sites and assets representing over $150 billion in portfolio holdings. 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 over 75 people in eight new countries, bringing its total employee count close to 400.