project44
“Can a single API-driven visibility platform become the default operating layer for global multi-modal supply chains?”
Founded2014
HQChicago, Illinois, United States
Total raised$897.5M
Latest roundSeries F, 2022
Valuation$2.7B
IndustryVertical SaaS / Supply Chain Visibility
The story
project44 was built to modernize freight visibility with APIs rather than EDI, initially focused on trucking and expanding into multi-modal (ocean, rail, parcel) visibility. It has grown into the 'connective tissue' for global supply chains via its Movement platform, layering in ETA prediction, carrier network management, and last-mile tracking. It is a supply-chain SaaS company — not a fintech — and shows no evidence of embedded finance products.
Last 12 months
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Product timeline
2014
project44 founded in Chicago as an API-driven freight visibility platform to replace legacy EDI/paperwork.· pivot
2018
Raised $45M Series C led by Sapphire Ventures to expand international freight tracking.· funding
2022
Raised $420M led by Thoma Bravo, TPG and Goldman Sachs Asset Management amid pandemic-era supply chain focus.· funding
2024
Raised $80M at a $2.7B valuation from Generation IM and A.P. Moller Holding; platform tracks shipments across 1,200 customers globally.· funding
The stack
0 layers disclosed in project44’s embedded-finance stack
Accounting gap: none