project44, a Chicago, IL-based leading supply chain visibility platform, announced that it raised $420 million in a funding round led by Thoma Bravo, TPG, and Goldman Sachs Asset Management ("Goldman Sachs").
With participation from Emergence Capital, Insight Partners, Chicago Ventures, Generation Investment Management, Sapphire, and Sozo Ventures acquired equity interests resulting in a pre-money valuation of $2.2 billion, and Sixth Street committed to making available additional funding, in support of the company's strategic acquisition program and product development activities.
These investments position project44 to accelerate its mission to help leading brands optimize the movement of products across supply chains, delivering better resiliency, sustainability, and value for their customers.
Company: Project44, Inc.
Round: Series F
Funding Month: January 2022
Lead Investors: Thoma Bravo, TPG, and Goldman Sachs Asset Management
Additional Investors: Emergence Capital, Insight Partners, Chicago Ventures, Generation Investment Management, Sapphire, Sozo Ventures, and Sixth Street
Company Website: https://www.project44.com/
Software Category: Supply chain visibility platform
About the Company: project44 is the world's leading advanced visibility platform for shippers and logistics service providers as defined by several happy customers, number of carriers, number of customers, ARR, net retention, shipments per day, growth rate, and gross margin. project44’s enterprise SaaS integration platform is powering the dynamic supply chain of the future through global, on-demand connectivity and visibility. project44 connects, automates, and provides visibility into key transportation processes to accelerate insights and shorten the time it takes to turn those insights into actions. Leveraging the power of the project44 cloud-based platform, organizations increase operational efficiencies, reduce costs, improve shipping performance and deliver an exceptional experience to their customers. In 2021, project44 was named a Leader among Real-Time Transportation Visibility Providers in Gartner's Magic Quadrant.