Project44 Raises $420M in Series E

Project44 has successfully raised $420M in a Series E at a $2.7B valuation led by Emergence Capital, Sapphire Ventures, Sequoia Capital, OpenView Venture Partners, Goldman Sachs, Thoma Bravo.

Company Overview

Project44 is a Logistics company headquartered in 330 North Wabash Avenue, Chicago, IL 60611, founded in 2014 with 800+ employees.

Supply chain visibility platform

Fundraising Details

• Amount Raised: $420M
• Round Type: Series E
• Valuation: $2.7B
• Date: 2024-09-15
• Investors: Emergence Capital, Sapphire Ventures, Sequoia Capital, OpenView Venture Partners, Goldman Sachs, Thoma Bravo

About Project44

Supply chain visibility platform The company is positioned in the Logistics sector, serving a growing market with innovative solutions.

Key Information

• Headquarters: 330 North Wabash Avenue, Chicago, IL 60611
• Founded: 2014
• Team Size: 800+
• Industry: Logistics

What This Means

This funding round demonstrates strong investor confidence in Project44's vision and execution. The capital will likely be used to:

• Scale Operations: Expand the team and operational capacity
• Product Development: Enhance existing products and develop new features
• Market Expansion: Enter new markets and strengthen presence in existing ones
• Technology Investment: Invest in infrastructure and technology capabilities

Industry Context

The Logistics sector continues to attract significant investment as companies innovate to meet evolving market demands. Project44's successful fundraising reflects the strong fundamentals and growth potential in this space.

Valuation Milestone

Reaching a $2.7B valuation marks an important milestone for Project44, positioning the company among notable players in the Logistics industry.

Looking Ahead

With this new capital, Project44 is well-positioned to execute on its growth strategy and continue building innovative solutions in the Logistics space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.

This fundraising news was reported on 2024-09-15. For more information about Project44, visit their headquarters at 330 North Wabash Avenue, Chicago, IL 60611.