Supply chain visibility software and analytics company project44 November 3 announced a new round of strategic funding totaling $80 million led by Generation Investment Management and A.P. Moller Holding.
The company says this latest funding brings the company’s valuation to $2.7 billion, up 12% since January 2022 despite a widespread downturn in B2B SaaS valuations. “This investment signals our strong and continued commitment to our vision of building a more sustainable supply chain,” the tech firm said in a statement.
“Achieving greener, cleaner supply chains lies in first measuring and then reducing Scope 3 supply chain emissions,” the statement continued. “And as the industry leader in supply chain visibility, we’re uniquely positioned to help shippers, LSPs and carriers do just that.”
