Sitetracker swells series B round to $34m

Jun 3, 2019 • Jack Hammond

The capital management platform has added $10m to a series B round featuring Salesforce, National Grid and Wells Fargo that now stands at $34m.

US-based asset-tracking software developer Sitetracker has completed a $10m extension to a series B round backed by enterprise software provider Salesforce and energy supplier National Grid that now totals $34m.

Venture capital firm Energize Ventures supplied the extension, which followed a $24m first tranche led by New Enterprise Associates (NEA) and backed by National Grid Partners, Salesforce Ventures and Wells Fargo Strategic Capital, respective subsidiaries of National Grid, Salesforce and bank Wells Fargo, in August 2018.

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