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Announced

Completed

Insight Partners led a $100m Series D funding round in project44.

Financials

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Transaction Value£72m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

Software

saas

cloud computing

logistics and supply chain

United States

Acquisition

Private

Domestic

Minority

Private Equity

Completed

Venture Capital

Synopsis

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Insight Partners, a venture capital firm, led a $100m Series D funding round in project44, a provider of supply chain visibility for shippers and logistics service providers. Additional investors include 8VC, Emergence Capital, Omidyar Technology Ventures, Sapphire Ventures, Sozo Ventures, and Underscore VC. “With project44’s best-in-class solution, we are the natural choice for organizations that need to adapt to today’s unprecedented logistical challenges. That’s why we’ve seen the biggest increase in new customers, and the highest net revenue retention at 118%, among competitors in the supply chain visibility space. Now, with this Series D funding and closer relationships with our investor partners, we will only accelerate innovation to transform the global supply chain, helping organizations prepare for a new normal," Jett McCandless, project44 CEO and Founder.

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