project44

Last Reported Valuation
$2.7B
Series G+, Nov 2022
Total Funding Raised
$912M+
As of Nov 2022
Founded
2014
Chicago, IL
Exchange Listing
Private
Not publicly traded
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About project44

project44 is the world's leading supply chain visibility platform, providing real-time shipment tracking, predictive analytics, and emissions visibility across every mode of transportation for over 1,300 of the world's largest brands. Founded in 2014 by Jett McCandless in Chicago, Illinois, project44 has raised approximately $912 million in total funding and was most recently valued at $2.7 billion following its $80 million funding round in November 2022. The company has been named the Leader in Gartner's Magic Quadrant for Real-Time Transportation Visibility for five consecutive years through 2025.

project44's platform connects shippers, 3PLs, and carriers, processing over 1 billion shipments annually across more than 200 countries and territories. Customers include leading brands in retail, automotive, food and beverage, manufacturing, and oil and gas. As of 2022, the company reported $134 million in booked ARR with 70% year-over-year growth and 127% net revenue retention. In April 2026, project44 further strengthened its AI capabilities through the acquisition of Lunapath.AI.

The November 2022 round was led by Generation Investment Management — Al Gore's sustainable investment firm — and A.P. Moller Holding, with participation from CMA CGM, Goldman Sachs Asset Management, TPG, Emergence Capital, Sapphire, 8VC, and Omidyar Technology Ventures. The company's January 2022 Series F was co-led by Thoma Bravo, TPG, and Goldman Sachs Asset Management at a $2.2 billion pre-money valuation.

Funding History

Round Date Amount Raised Post-Money Valuation Notable Investors
Series G+ Nov 2022 $80M ~$2.7B Generation Investment Management, A.P. Moller Holding, CMA CGM, Goldman Sachs, TPG, Emergence Capital
Series F Jan 2022 $420M ~$2.2B pre-money Thoma Bravo, TPG, Goldman Sachs Asset Management, Emergence Capital, Insight Partners, Sixth Street
Series E Jun 2021 $202M ~$1.2B Goldman Sachs Asset Management, Emergence Capital
Series D 2020 ~$100M Undisclosed 8VC, Emergence Capital, Sapphire, Chicago Ventures
Series C 2019 ~$60M Undisclosed 8VC, Emergence Capital, Sapphire
Series B 2018 ~$35M Undisclosed Emergence Capital, 8VC

Figures sourced from public disclosures. Approximate. For informational purposes only. Not an offer or solicitation.

Company Details

Legal Name
project44, Inc.
Headquarters
Chicago, IL
Founded
2014
Sector
Logistics Technology
Sub-Sector
Supply Chain Visibility / SaaS
Flagship Product
project44 Platform
Entity Type
Private Corporation
Employees
~772
Exchange Listing
Not Public

project44 Stock FAQs

No. project44 is a private company headquartered in Chicago, Illinois. Its shares are not listed on any public stock exchange, and as of June 2026, project44 has not announced IPO plans. Accredited investors interested in exposure to project44 may explore the FNEX Ventures Fund, subject to eligibility and availability.
project44's most recently reported post-money valuation was approximately $2.7 billion, established following its $80 million funding round in November 2022 led by Generation Investment Management and A.P. Moller Holding. The company had previously reached a $2.2 billion pre-money valuation during its $420 million Series F in January 2022. Private company valuations are based on the terms of recent financing rounds and are not indicative of current market value or future performance.
project44's investor base includes Goldman Sachs Asset Management, TPG, Thoma Bravo, Generation Investment Management, Emergence Capital, A.P. Moller Holding, Insight Partners, CMA CGM, Sapphire, and 8VC. These are strategic and financial relationships and do not guarantee any particular performance outcome.
project44 is a supply chain visibility platform that provides real-time shipment tracking, predictive ETAs, and emissions analytics across ocean, air, truckload, LTL, rail, and parcel freight. Its platform connects shippers, 3PLs, and carriers, processing over 1 billion shipments annually for more than 1,300 global brands. project44 has been recognized as the Leader in the Gartner Magic Quadrant for Real-Time Transportation Visibility for five consecutive years through 2025.
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Securities offered through FNEX Capital, LLC, member FINRA & SIPC. This material does not constitute an offer to sell nor a solicitation of an offer to buy any security. Such offers can be made only by the confidential Private Placement Memorandum (the "Memorandum"). Please read the entire Memorandum paying special attention to the risk section prior to investing. Available only to accredited investors. FNEX Ventures is required to verify accreditation status prior to accepting any investment.

This is a private company. Its shares are not publicly traded and no market pricing is provided on this page. All valuation figures are based on publicly reported funding round data and are not indicative of current market value, intrinsic value, or future performance. Private company valuations are inherently uncertain and may change materially over time.

Company names, logos, and trademarks referenced or displayed on this page are used for illustrative purposes only and do not represent actual holdings, target investments, or future investment intentions of the FNEX Ventures Fund. There is no guarantee that any portfolio company will complete an initial public offering (IPO), merger, acquisition, or other liquidity event. Investment in private funds involves a high degree of risk, including the possible loss of the entire investment. Past performance is not indicative of future results.

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