We’re excited to announce that we closed our latest Series E investment of $202 Million led by funds managed by Goldman Sachs Asset Management (Goldman Sachs) and Emergence Capital, valuing the company at $1.2 Billion. The investment highlights the market’s confidence in project44’s visibility solutions – which have become a mission-critical part of the supply chain digitization ecosystem of leading shipper, forwarder, 3PL, carrier and technology platform providers.
Goldman Sachs is one of the world’s best investors, with deep expertise in helping fast growing tech companies enter new markets, China in particular. Goldman Sachs along with our current investors, are fully committed to our mission to deliver advanced, multi-modal visibility and supply chain to the world’s leading brands.
With this latest investment, p44 will continue to grow and innovate. We plan to attract the best talent, accelerate our global expansion and improve our products to deliver even more value to our customers.
I wanted to share some gratitude, first to our customers. We have more than 550 of the world’s largest retailers, e-commerce, manufacturing, chemical, pharmaceutical, food and beverage, CPG, forwarders, carriers and digital platforms on our network. One our core values is to “Obsess Over the Customer,” and we work harder than another provider to deliver for you. Our growth is a direct result of the faith you put in us. Thank you!
And thanks to the p44 Team. It’s often been said that success doesn’t happen overnight. Our achievement in reaching this latest company milestone and surpassing $1 billion in valuation is a testament to the teamwork of all our team members at project44 who worked long and hard at realizing the mission. Thank you, p44 team!