TPG, Goldman, Thoma Bravo Bet on Project44 at $2.4 Billion Value
This article is for subscribers only.
Project44, a startup that enables the world’s largest companies to track shipments across the global supply chain, reached a $2.4 billion valuation after raising $240 million in equity funding from an investor group led by TPG, Thoma Bravo and Goldman Sachs Group Inc.’s asset-management arm.
The investor group, which includes Emergence Capital, Insight Partners, Chicago Ventures, Generation Investment Management, Sapphire and Sozo Ventures, also acquired $180 million of the firm’s closely held shares from existing investors including OpenView, for a total investment of $420 million, Project44 founder and Chief Executive Officer Jett McCandless said in an interview.