What is Project44?
Founded in 2014 and headquartered in Chicago, Illinois, Project44 operates as a pivotal technology and logistics company. It specializes in providing comprehensive cargo shipping solutions for businesses managing multi-sized freight. The company's platform is designed to offer end-to-end visibility and management of supply chains, addressing critical needs for efficiency and reliability in the movement of goods. Project44's focus on technology-driven logistics positions it as a key player in modernizing the industry.
How much funding has Project44 raised?
Project44 has raised a total of $892.5M across 7 funding rounds:
Series A
$10.5M
Series B
$35M
Series C
$45M
Series D
$100M
Series E
$202M
Private Equity
$420M
Other Financing Round
$80M
Series A (2016): $10.5M with participation from Emergence Capital Partners, Silicon Valley Bank, and Chicago Ventures
Series B (2018): $35M led by Omidyar Technology Ventures, Emergence Capital Partners, High Alpha, 8VC, Chicago Ventures, Pritzker Group Venture Capital, and OpenView Partners
Series C (2018): $45M supported by Emergence Capital Partners, Insight Venture Partners, OpenView Venture Partners, Omidyar Technology Ventures, Chicago Ventures, Pritzker Group Venture Capital, Sapphire Ventures, and 8VC
Series D (2020): $100M featuring Eight Partners VC, Emergence Capital Partners, Sapphire Ventures, Omidyar Technology Ventures, and Insight Partners
Series E (2021): $202M backed by Sapphire Ventures, Chicago Ventures, 8VC, Sozo Ventures, Emergence Capital Partners, Insight Partners, and Goldman Sachs
Private Equity (2022): $420M with participation from Thoma Bravo, Insight Partners, Sapphire Ventures, TPG, Chicago Ventures, Generation Investment Management, Goldman Sachs, Sozo Ventures, and Emergence Capital Partners
Other Financing Round (2022): $80M led by A.P. Moller Group, Chicago Ventures, Generation Investment Management, and Sozo Ventures
Key Investors in Project44
Thoma Bravo
Thoma Bravo is a leading global investment firm focused on software and technology companies, known for its strategic guidance and operational expertise in scaling enterprise software businesses.
Insight Partners
Insight Partners is a venture capital firm that supports the growth of software companies, providing resources and a platform for portfolio company leaders to foster connections and expand their expertise.
Sapphire Ventures
Sapphire Ventures is a venture capital firm based in Palo Alto, California, that invests in and provides services to technology companies, focusing on strategic growth opportunities.
What's next for Project44?
The recent major strategic investment indicates Project44 is in a scaling phase, likely focusing on expanding its technological capabilities, market reach, and customer base. This infusion of capital will probably fuel further innovation in its supply chain visibility solutions, potentially through acquisitions or enhanced product development. The company's trajectory suggests a continued emphasis on enterprise-level solutions, aiming to solidify its leadership in the logistics tech landscape and address the evolving demands of global commerce.
See full Project44 company page
