project44 (p44), a Chicago, IL-based provider of an advanced visibility platform for shippers and third-party logistics firms, completed a financing round of $45m.
The round – which brought the total capital invested in the company to over $90M – was led by Sapphire Ventures, with participation from new investor Insight Venture Partners and existing investors 8VC, Chicago Ventures, Emergence Capital, Omidyar Technology Ventures, OpenView Venture Partners, and Pritzker Group Venture Capital. In conjunction with the funding, Kevin Diestel, Partner at Sapphire Ventures, will join project44’s Board of Directors.
The company intends to use the funds for continued growth in North America, support of new product initiatives in advanced visibility, and drive international expansion.
Led by Jett McCandless, CEO and Founder, project44 provides a cloud-based advanced visibility platform for shippers and third-party logistics firms. 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.
Connected to over 175,000 carriers worldwide and having comprehensive coverage for all ELD and telematics devices on the market, project44 supports all transportation modes and shipping types, including Parcel, Final-Mile, Less-than-Truckload, Volume Less-than-Truckload, Truckload, Rail, Intermodal, and Ocean.