News / Project44 raises $80m for Scope 3 emissions-measuring platform

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CMA CGM and Maersk’s investment arm have invested in supply chain visibility platform Project44.

In its latest round of funding, led by Generation Investment Management and AP Moller Holding, Project44 raised $80m, bringing its valuation to $2.7bn, up from $2.2bn earlier this year, “despite the widespread downturn in B2B SaaS valuations”, it noted.

Project44 has yet to make a profit, however. It said it was “on a glide path to profitability”, without needing to raise more capital. It has made $44m in ...