USD 100 million for Project44
Project44, a startup founded in 2014 that specialises in supply chain visibility for shippers and logistics companies, has secured a further USD 100 million investment funds in a Series D financing round.
The new funding raised by Insight Partners will be used to expand the 'advanced visibility platform', Project44’s multimodal carrier network, in North America, the Middle East, Africa, Latin America and Asia.
The funds will also be invested in product innovations, partnerships and improved integration. Among the investors are 8VC, Emergence Capital, Omidyar Technology Ventures, Sapphire Ventures, Sozo Ventures and Underscore VC.
In 2020, Project44 won 135 new customers, including ABB, Alcon, Arcese, BSH Home Appliance, Flowserve, General Mills, Girteka Logistics, IFCO Systems GmbH, Lenovo, Magna International and PepsiCo. (sh)