Supply-Chain Technology Provider Project44 Gains $100 Million in New Backing

Logistics technology provider project44 raised $100 million in a Series D funding round that will help to expand the reach of its supply-chain visibility software and build its business as it weighs a potential public stock offering over the long term.

The funding round was led by existing investor Insight Partners, and backing from 8VC, Emergence Capital Partners, Omidyar Technology Ventures, Sapphire Ventures LLC, Sozo Ventures, and Underscore VC.

The investment is the latest in a growing surge of financial support going to digitally-focused logistics providers and software startups that are looking to bring new technology tools that help companies run supply chains more efficiently.