project44, the leading supply chain visibility platform, said today that it has raised a $80 million fundraising round headed by Generation Investment Management, a sustainable investment management firm, and A.P. Moller Holding, a privately held investment corporation based in Denmark. CMA CGM, a worldwide provider in sea, land, air, and logistics solutions joined the round alongside existing investors Goldman Sachs Asset Management, TPG, Emergence Capital, Chicago Ventures, Sapphire, 8VC, Sozo Ventures, and Omidyar Technology Ventures.

The round currently values project44 at $2.7 billion, a 12% increase over its Series F valuation published on January 11, 2022. With the company already on the road to profitability, the additional capital will support a number of crucial initiatives, including measuring and mitigating supply chain emissions across all forms of transportation internationally.