project44 Raised $420 Million, Valuing the Business at $2.2 Billion Pre-Money
Today I am excited to announce our latest investment of $420 Million co-led by Thoma Bravo, TPG and Goldman Sachs. Emergence Capital, Insight Partners, Chicago Ventures, Generation Investment Management, Sapphire, and Sozo Ventures also participated in the round, which values the company at $2.2 billion pre-money.
When combined with our $202 million equity raise in May of 2021, project44 has set a funding record for Logistics Tech enterprise SaaS companies. These funding rounds not only highlight the market’s confidence in our visibility solutions but allow us to further execute creating the best visibility experience for our customers and the leading brands who rely on project44.
project44 has always been a customer-centric organization. In fact, it’s in our DNA. And with each milestone we reflect on how to enhance the customer experience to create efficient, effective, and resilient supply chains. With this latest investment, project44 will continue to improve our products to deliver even more value to our customers, including an investment in data science to improve ETAs, optimize inventory, enhance lifecycle functionality, and more. We will continue to attract the world’s best talent, and aggressively accelerate innovation and global expansion. This comes at an exciting time in project44’s history, after a year of continuous achievements that strengthen project44’s dominance in the supply chain visibility market.
- $100+ million in ARR
- 1,000+ global team members
- 1,000+ customers
- 1+ billion packages tracked annually
- #1 in G2’s Fall Grid Report
- #1 in the FreightWaves FreightTech 25
- A Leader in Gartner’s 2021 Magic Quadrant
- Customers’ Choice in the Gartner Peer Insights “Voice of the Customer” report
I am continually impressed with what we have accomplished, especially during two of the most tumultuous years in project44 and supply chain history. Our achievement in reaching this latest company milestone and surpassing $2 billion in valuation is a testament to the collaboration of all our team members at project44 who work long and hard at realizing the mission. Thank you, p44 team!
With that, I am looking forward to the opportunities that lie ahead. 2022, here we come!