jett mccandless

FreightTech industry isn’t what it was a year ago

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By Jett McCandless

The views expressed here are solely those of the author and do not necessarily...

https://www.freightwaves.com/news/freighttech-industry-isnt-what-it-was-a-year-ago

Ocean visibility provider project44 offers Flex solution for small shippers

Global supply chain visibility provider project44 announced Thursday it is releasing a new ocean container tracking tool intended for shippers and logistics service providers with small-scale needs.

The new solution, Ocean Visibility Flex, is a simplified version of the Chicago-based technology company’s ocean visibility management tool offered to its largest ocean shippers, giving users the ability to track departure, arrival times and current statuses of containers.

“For years we have built and...

TruckSmarter raises $25M to grow owner-operator ‘ecosystem’

Digital trucking platform TruckSmarter announced it has closed a $25 million Series B funding round led by Thrive Capital with participation from Bain Capital, FJ Labs, Founders Fund, Andreessen Horowitz and Fin Capital to continue building on its dedicated platform for owner-operator functions.

Since 2021, the company has raised $44 million from many investors in the latest round and other industry angel investors including Ryan Petersen (Flexport), Tony Xu (DoorDash), Eric Glyman (Ramp), and...

https://www.freightwaves.com/news/trucksmarter-raises-25m-to-grow-owner-operator-ecosystem

Risk management platform Paxafe closes investment with strategic industry insiders

Visibility and risk management platform Paxafe announced it has closed on an additional $1.5 million in capital  led by early-stage fund Venture 53 with participation from Value Chain Ventures, project44 founder and CEO Jett McCandless and Peter Rentschler, CEO of supply chain business consulting and software development firm Metafora, formerly known as CarrierDirect. 

This comes after recently raising its seed round in 2021, led by Ubiquity Ventures and participation from Greenlight...

https://www.freightwaves.com/news/risk-management-platform-paxafe-closes-investment-with-strategic-industry-insiders

Former FedEx execs bringing visibility to ‘stock in motion’

In today’s supply chain climate, merchants can be stuck with either stockouts or overstock, both of which leave retailers in a position to lose revenue. Now two former FedEx executives are looking to offer an inventory option they call “stock in motion.” 

With this inventory alternative offered by S+V Technologies, merchants can give consumers an opportunity to purchase items that are in transit to fulfillment centers, eliminating the mystery of when items will be back in stock.

“When shopping...

https://www.freightwaves.com/news/former-fedex-execs-bringing-visibility-to-stock-in-motion

CarrierDirect rebrands as Metafora to reflect drive ‘to go even deeper’

CarrierDirect announced Monday it has changed its name to Metafora, Greek for transportation, as the company continues expanding its full-service consulting and technology development offerings.

“When I joined, we were the best kept secret in transportation — having done incredible work with some of the biggest companies and being behind some of the most innovative work in the space,” Ryan Schreiber, vice president of industry and growth, told FreightWaves. “This change comes at a time when...

https://www.freightwaves.com/news/carrierdirect-rebrands-as-metafora-to-reflect-drive-to-go-even-deeper

After record-breaking Q4, project44 begins 2022 with $2.4B valuation

Chicago-based real-time visibility provider announced Monday it has raised $240 million in equity funding led by TPG, Thoma Bravo and the asset management arm of Goldman Sachs Group.

Participating investors Emergence Capital, Insight Partners, Chicago Ventures, Generation Investment Management, Sapphire and Sozo Ventures also acquired $180 million of shares from existing investors including OpenView Venture Partners, which first began investing in project44 during its Series B in 2018.

The deal...

https://www.freightwaves.com/news/after-record-breaking-q4-project44-begins-2022-with-2-4b-valuation

Supply chain snarls lead project44 to record growth in Q4

Project44 provides additional insight into quarterly topline, margin trends

Real-time supply chain visibility provider project44 reported record quarterly bookings during the fourth quarter. The privately held, venture-backed company said annual recurring revenue (ARR) bookings were $12.7 million during the period, 168% higher year-over-year and 3% above plan.

The fourth-quarter result put total 2021 ARR bookings at $96.2 million for the Chicago-based company.

Professional services bookings were $2.1 million in the period. Consolidated revenue as defined by generally...

https://www.freightwaves.com/news/supply-chain-snarls-lead-project44-to-record-growth-in-q4

Onward Delivery raises $4.7M to bring efficiencies to box truck market

Freight marketplace Onward Delivery announced earlier this month that it has closed on an oversubscribed $4.7 million seed round led by Range Ventures and Matchstick Ventures as the company works to automate final-mile delivery for bulky retail items by leveraging its box truck network. 

Springtime Ventures also participated in the round, as did a number of industry angel investors, including Andrew Leto, founder and CEO of Emerge; Jett McCandless, founder and CEO of project44; Sean Henry,...

https://www.freightwaves.com/news/onward-delivery-raises-4-7m-to-bring-efficiencies-to-box-truck-market

Meet the Investor: The man with the ‘dull machete’ leading project44’s growth

Welcome to FreightWaves’ new series, Meet the Investor, which dives into the stories behind the industry’s biggest investments, the individuals who manage them and the lessons they learned along the way.

In 2021 alone, real-time visibility provider project44 has undergone three global acquisitions and a Series E round that has distinguished the startup as an industry unicorn, earning the No.1 ranking in FreightWaves’ 2022 FreightTech 25.

Related: FreightWaves reveals FreightTech 25 winner

While...

https://www.freightwaves.com/news/meet-the-investor-the-man-with-the-dull-machete-leading-project44s-growth

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