Goldman Sachs Asset Management and Emergence Capital will invest US$202 million in supply chain visibility solutions provider, project44, which has already raised US$442.5 million to improve supply chain trust and predictability.
“project44’s solutions help enterprises deal with some of the most complex supply chain challenges facing the world today,” pointed out Jett McCandless, CEO and founder of project44, and went on to note that Goldman Sachs can support the company with its network and resources to expand into China and Asian market.
project44 is an advanced visibility platform for shippers and logistics service providers, while it connects, automates and provides visibility into key transportation processes to accelerate insights and shorten the time it takes to turn those insights into actions.
“project44 addresses critical pain points and brings increasing value to its customers and partners, who are among the most sophisticated shippers and logistics service providers in the world,” said Will Chen, managing director of Goldman Sachs Asset Management
The project44 current investors, including Insight Partners, Sapphire, 8VC, Chicago Ventures, and Sozo, have increased their investment in the company after participating in previous fundraising rounds.
