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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.
Read more: A Supply-Chain Tech Startup Nets $100 Million
“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.”
CMA CGM also participated in the round, along with previous investors Goldman Sachs, TPG, Emergence Capital, Chicago Ventures, Sapphire, 8VC, Sozo Ventures, and Omidyar Technology Ventures.
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