Sapphire Ventures and Insight Venture Partners co-led the round
Logistics Startup Project44 raised $45 million in a Series C. The round was led by Sapphire Ventures and Insight Venture Partners.
What they do: Shippers and logistics firms use the startup’s technology to plan, track, and confirm freight shipments. These include parcels delivered by sea, air, and land. With API’s and software, the startup aims to replace old electronic systems and paperwork.
Real Estate Angle: Rental rates in industrial real-estate markets have increased more than 5 percent annually in the last two years. With the exponential growth in e-commerce driven by macro-economic changes, this sort of disruption is likely.