project44 raises $420mn from Goldman, TPG, valued at $2.2bn
Supply chain visibility platform project44 received an investment totaling $420 million from a syndicate led by Thoma Bravo, TPG and Goldman Sachs Asset Management.
Emergence Capital, Insight Partners, Chicago Ventures, Generation Investment Management, Sapphire and Sozo Ventures also participated in the funding round at a pre-money valuation of $2.2 billion.
project44 had raised $202 million equity in May 2021 (at an approximate valuation of $1.2 billion), and has an annual run rate of $100+ million, 1,000+ team members, 1,000+ customers, and 1+ billion packages tracked annually.
"Today, project44 is helping companies solve supply chain challenges ranging from inflationary pressure and lockdowns to unpredictable weather and bottlenecks at ports," says Jett McCandless, Founder & CEO, project44. "Our growth over the past year speaks to these macroeconomic tailwinds and the competitive edge we can provide to our customers. With ongoing support from our investors, we can offer even more value to our customers and solidify our position as the global network that powers the future of the supply chain."
