Lineage Logistics and 8VC Form Strategic Partnership to Revolutionize Transportation and Logistics Technology

Lineage Logistics, the world's largest and most innovative temperature-controlled industrial REIT and logistics provider, and 8VC, the world's fastest-growing and most active logistics technology venture capital firm, announced today that they have formalized a longstanding strategic alliance to invest in and revolutionize the transportation and logistics technology sector.

The two businesses have a strong track record of successful collaboration. They have co-invested in many companies throughout 8VC's previous three funds and expanded their partnership by integrating 8VC portfolio companies across the Lineage platform. In addition, Lineage and 8VC have catapulted start-up organizations like Project44, Trackonomy, and Baton to success in the transportation and logistics sector via Lineage Ventures, the logistics firm's technology investment arm.

One of 8VC's distinguishing features is its unique ecosystem of logistics and supply chain consultants and partners. Lineage adds another layer to this by being a leader in size, scale, and technological capability and having a great appetite for collaboration. Lineage contributes to comprehensive, real-time market information and represents billions of dollars of buying power. The strategic collaboration expands on their current relationship by uniting to increase the speed of supply chain innovation. Lineage Ventures has become an L.P. in 8VC's most recent fund. Both companies intend to increase their joint investments in cutting-edge supply chain technology start-ups and support existing companies in their respective portfolios by leveraging their combined network effect and relationships. They also want to collaborate in technology development, including monetizing some of Lineage's most promising intellectual property.

Medwell will join Lineage as an Advisor as part of this alliance, while Thattai will join 8VC as an Advisor. These co-advisory roles are meant to strengthen their cooperation within this vast and complex ecosystem.

Medwell will bring extensive connections and collaborations with Schneider National, Daimler, Koch Industries, and others to Lineage as an Advisor. Furthermore, he draws on a carefully curated and trusted advisory board that includes some of the industry's most prominent and influential names, including Chris Sultemeier, former CEO of Walmart Logistics; Alan Gershenhorn, former CCO of UPS; Andrew Clarke, former CFO of C.H. Robinson Worldwide; Shaleen Devgun, CIO of Schneider National Inc.; and Michael McLary, former President of T.L. Broker.

About Lineage Logistics
Lineage Logistics is the biggest temperature-controlled industrial REIT and supplier of logistics solutions in the world. It has a worldwide network of approximately 340 strategically placed facilities with a total capacity of more than 2 billion cubic feet that covers 15 nations in North America, Europe, Asia-Pacific, and South America. Lineage's industry-leading expertise in end-to-end logistical solutions, unrivaled real estate network, and development and deployment of innovative technology help increase distribution efficiency, advance sustainability, reduce supply chain waste, and, most importantly, help feed the world as a Visionary Partner of Feeding America. Lineage was named the No. 1 Data Science business and 23rd overall on Fast Company's 2019 list of The World's Most Innovative Companies and featured on Fortune's Change The World list in 2020, in honor of the company's leading innovations and sustainability initiatives.

About 8VC
8VC is a prominent technology investment company that invests in creative teams and backs industry-changing businesses. The partners have a track record of success as founders, engineers, and operators of Palantir, Addepar, Affinity, and OpenGov, among others. 8VC was established in 2012 and now manages $3.6 billion in committed capital. 8VC mainly invests in smart enterprise platforms in sectors such as financial services, healthcare, logistics, and others, as well as Bio-IT.