project44 Raises $35 Million

Transportation startup project44 secured $35 million in new funding led by OpenView, with additional investment from new investor 8VC, and existing investors Emergence Capital, eBay founder Pierre Omidyar’s firm Omidyar Technology Ventures, Chicago Ventures, and Pritzker Group Venture Capital.

project44 brings shipment data and supply chain visibility by distilling shipments into six universal automations that remedy the black box industry’s pain points – pricing, routing, scheduling, tracking, delivery documentation, and payments.

According to the company, they’ve expanded their North American coverage to include rail and parcel shipments, in addition to full truckload, less-than-truckload (LTL) and Volume LTL, and have also grown revenue by over 446 percent in the last 12 months. Customers include GE Transportation, Uline, Technicolor, ABB, Steelcase, Echo Global Logistics, RR Donnelley, Worldwide Express, Schneider Logistics, and GlobalTranz.