Clal invests in Locusview
Israeli digital construction management startup Locusview has announced the completion of a $64 million Series A financing round led by Israel Growth Partners, with participation from Leumi Partners, Clal Insurance, Discount Capital, and existing investors.
Founded in 2015 and headquartered in Tel Aviv and Chicago, Locusview’s construction management platform manages new construction projects for energy, telco, and water utilities, from planning to revenue. It includes a mobile app developed for field crews, and a web app for back-office management. The company has 120 employees in 5 offices worldwide, with plans to double its staff by year-end.
“Locusview is experiencing rapid growth with revenue in the tens of millions of dollars. With large deployments of our technology already being offered in the US, we are expanding our offering to additional utility companies in Europe, Australia, India, and Latin America. With the Series A round, our intention is to further expand our platform capabilities as well as our team to support the growing demand from existing and new customers parallel with an aggressive acquisition strategy of complementary companies.” – Shahar Levi, CEO and cofounder of Locusview.