What is Project44?
Founded in 2014, Project44 has established itself as a cornerstone of the digital logistics ecosystem. The company provides a sophisticated platform that facilitates cargo shipping across multiple scales, effectively bridging the gap between complex supply chain requirements and real-time visibility. By integrating advanced technology into traditional logistics workflows, Project44 enables enterprises to optimize their shipping operations, reduce inefficiencies, and enhance transparency. Its market position is bolstered by a deep commitment to enterprise-level software integration, making it an essential partner for global organizations navigating the complexities of modern trade and distribution.
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 Chicago Ventures, Silicon Valley Bank, and Emergence Capital Partners
Series B (2018): $35M led by Chicago Ventures, Pritzker Group Venture Capital, OpenView Partners, High Alpha, Omidyar Technology Ventures, 8VC, and Emergence Capital Partners
Series C (2018): $45M supported by Sapphire Ventures, Omidyar Technology Ventures, Emergence Capital Partners, Chicago Ventures, 8VC, Pritzker Group Venture Capital, Insight Venture Partners, and OpenView Venture Partners
Series D (2020): $100M featuring Sapphire Ventures, Eight Partners VC, Omidyar Technology Ventures, Insight Partners, and Emergence Capital Partners
Series E (2021): $202M backed by Emergence Capital Partners, Chicago Ventures, Sapphire Ventures, Goldman Sachs, Sozo Ventures, 8VC, and Insight Partners
Private Equity (2022): $420M with participation from Goldman Sachs, Sapphire Ventures, TPG, Sozo Ventures, Emergence Capital Partners, Thoma Bravo, Generation Investment Management, Chicago Ventures, and Insight Partners
Other Financing Round (2022): $80M led by Generation Investment Management, A.P. Moller Group, Chicago Ventures, and Sozo Ventures
Key Investors in Project44
Goldman Sachs
Goldman Sachs is a leading global investment banking, securities, and investment management firm providing a wide range of financial services to corporations and institutional clients.
Sapphire Ventures
Sapphire Ventures is a venture capital firm focused on investing in and providing services to technology companies, based in Palo Alto, California.
TPG
TPG is a global alternative asset management firm with investment strategies spanning private equity, growth equity, and impact investing.
What's next for Project44?
With the successful completion of this major strategic investment, Project44 is well-positioned to accelerate its product development and expand its global footprint. The company's focus remains on scaling its enterprise software capabilities to meet the increasing demand for resilient and data-driven supply chain management. As it moves beyond its current lifecycle stage, the firm is expected to prioritize the integration of emerging technologies, such as AI and IoT, to further differentiate its service offerings. By maintaining strong partnerships with its diverse investor base, Project44 is poised to drive long-term value creation and maintain its competitive edge in the rapidly evolving logistics technology landscape.
See full Project44 company page
