On January 11, 2022, project44, a leading supply chain visibility platform, announced it completed a $240 million financing. A syndicate led by Thoma Bravo, TPG, and Goldman Sachs Asset Management with participation from Emergence Capital, Insight Partners, Chicago Ventures, Generation Investment Management, Sapphire, and Sozo Ventures acquired equity interests resulting in a pre-money valuation of $2.2 billion. Sixth Street has committed to make available additional funding in support of the company’s strategic acquisition program and product development activities. In addition, the investor group also is in the process of purchasing up to $180 million from an insider group of existing stockholders. The company plans to spend its proceeds on expanding its network, strategic acquisitions, and hiring product and engineering staff in nations including Japan, Brazil, and China.

Wilson Sonsini Goodrich & Rosati represented project44 in the transactions. The Wilson Sonsini team that advised project44 includes:

Corporate
Michael Coke
Travis Scheft
Bartek Sudol
TJ Tingjie Li
Samuel Silverstein
Henry Yen
Nancy Li

Corporate Finance
Kathleen Rothman
Jill Fulwiler
Sylvia Koh

Tax
Greg Broome
Myra Sutanto Shen

Delaware
Ryan Greecher
Angie Flaherty
Jason Schoenberg

Employee Benefits and Compensation
Sriram Krishnamurthy
Michael Klippert

Antitrust
Todd Hahn
Kimberley Biagioli

Privacy
Matt Staples
Daniel Chen

Technology Transactions
Barath Chari

For more information, please see project44's press release. Further coverage can be found at Bloomberg.