Project44 joined the Unicorn Club on June 1, 2021, after raising a $202 million Series E funding round led by Goldman Sachs Asset Management and Emergence Capital, valuing it at $1.2 billion. Headquartered in Chicago, United States, Project44 provides a cloud-based platform that delivers end-to-end visibility across global supply chains and logistics operations.
Keep reading to see how Project44 enhances shipping transparency and real-time logistics performance for enterprises across industries.
What Is Project44 and What Does It Do?
Founded in 2014, Project44 provides real-time supply chain visibility solutions that connect shippers, carriers, and third-party logistics providers (3PLs). Its platform integrates directly with transportation management systems (TMS), enabling automated dispatch requests, dynamic rate quoting, and shipment tracking.
The system also facilitates carrier rate comparison, document management, and workflow automation, allowing enterprises to streamline transportation logistics. Project44’s customers span various industries, including retail, manufacturing, life sciences, consumer goods, and food & beverage, helping them optimize supply chain performance and mitigate risks.
How Much Funding Has Project44 Raised?
1. Series G Round
- Amount Raised: $80 million
- Date: November 3, 2022
- Valuation: $2.7 billion
- Lead Investors: Thoma Bravo, Generation Investment Management
- Purpose: Accelerate global expansion and strengthen end-to-end supply chain intelligence
2. Series E Round
- Amount Raised: $202 million
- Date: June 1, 2021
- Valuation: $1.2 billion
- Lead Investors: Goldman Sachs Asset Management, Emergence Capital
- Purpose: Enhance the visibility platform, expand the partner ecosystem, and scale customer success operations
3. Earlier Rounds (Seed to Series D)
- Cumulative Funding: ~$630 million
- Key Investors: Sapphire Ventures, Insight Partners, TPG, Chicago Ventures
- Purpose: Product development, global logistics network integration, and data analytics expansion
Total Funding Raised: ~$912 million
Latest Funding Date: November 3, 2022
Latest Valuation: ~$2.7 billion
Employee Count: 43 (as of January 31, 2021)
Key Investors
1. Sapphire Ventures
- Details: Venture capital firm investing in high-growth enterprise software and infrastructure startups.
- Focus Areas: Logistics, analytics, and SaaS-based business intelligence.
2. Generation Investment Management
- Details: Sustainability-focused investment firm co-founded by Al Gore, backing long-term growth in responsible tech.
- Focus Areas: Sustainable supply chain, ESG-driven innovation, and digital transformation.
Where Is Project44’s Headquarters?
Project44 is headquartered in Chicago, Illinois, United States, with operations across North America, Europe, and Asia. The company’s teams specialize in supply chain visibility, predictive analytics, and API integration to ensure connected logistics across global freight networks.
What’s Next for Project44?
Project44 continues to lead innovation in real-time visibility and AI-driven supply chain optimization. The company is expanding its predictive analytics capabilities to help enterprises anticipate delays, reduce inefficiencies, and improve sustainability in logistics.
Future plans include deepening integrations with ERP systems, enhancing visibility for ocean and air operations, and refining AI data models for faster and more accurate insights.
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