Lineage y 8VC anuncian una alianza estratégica para revolucionar el sector tecnológico del transporte y la logística

The formal strategic alliance aims to invest in promising technology start-ups that drive the transportation and logistics industry forward

8VC Co-founder and Partner, Jake Medwell, Joining Lineage as Advisor

Lineage CIO, Sudarsan Thattai, Joining 8VC as Advisor

Austin, TX and Novi, MI – Today, the world’s largest and most innovative temperature-controlled industrial REIT and logistics provider, Lineage, and the world’s fastest-growing and most active venture capital firm in logistics technology, 8VC, announced they have formalized a longstanding strategic alliance to invest in and revolutionize the transportation and logistics technology sector.

The two companies have a proven track record of successful collaboration, co-investing in numerous companies over 8VC’s past three funds and growing their relationship by integrating 8VC portfolio companies across the Lineage platform. Via Lineage Ventures, the logistics firm’s technology investment arm, Lineage and 8VC have catapulted start-up organizations like Project44, Trackonomy, and Baton to success in the transportation and logistics space.

One of 8VC’s differentiating factors is its unique ecosystem of advisors and partners in the logistics and supply chain space. Lineage brings another dimension to this as they are leaders in size, scale, and technology capability with a strong appetite for collaboration. Lineage helps provide deep, real-time insight into the market and represents billions of dollars in purchasing power. The strategic alliance builds on their existing partnership by aligning to a vision to accelerate the pace of innovation in the supply chain. With Lineage Ventures becoming an LP in 8VC’s most recent fund, both companies plan to increase their joint investments in cutting-edge supply chain technology start-ups, as well as support existing companies in their respective portfolios by leveraging their combined network effect and relationships. They also plan to co-develop technology together, including productizing some of Lineage’s most promising intellectual property.

“As Lineage has grown, so has its commitment to use technology and partner with the best technology companies to help eliminate waste in the supply chain and support customer growth, making them one of the most impressive and forward-thinking companies I have come across in my career,” said 8VC Co-founder and Partner, Jake Medwell. “We have so much more to build and are exponentially more powerful working together. I am honored to call them a partner.”

“Lineage’s vision is to be the world’s most dynamic temperature-controlled logistics company, so it is natural for us to unite with 8VC, whose mission is to partner with top founders and entrepreneurs to build lasting technology platforms and create long-term economic and societal value,” said Sudarsan Thattai, Lineage’s Chief Information Officer. “This industry-first partnership aims to redefine enterprise technology in the temperature-controlled logistics sector. We aspire to create new products across automation, digital brokerage, supply chain visibility and planning, as well as industrial hardware/software that drives better customer experience.”

As part of this alliance, Medwell will be joining Lineage as an Advisor, and Thattai will be joining 8VC as an Advisor. These co-advisory roles are intended to deepen their collaboration within this large and complex ecosystem.

“I am thrilled to have Sudarsan join 8VC as an Advisor,” said Medwell. “We’ve had a longstanding friendship and have worked together closely over the years.  I’ve come to know him as one of the most knowledgeable executives in the space and someone who has earned the respect of both the top technology entrepreneurs and existing operators – which is very hard to do.”

“Working with Jake has helped our entire technology team, including the industry’s first and only data science team, advance our technology roadmap and increase our exposure to the most exciting new technologies,” said Thattai. “Aside from having one of the most impressive portfolios, 8VC and Jake have a true understanding of the nuances in the technology space which allows him to see beyond what traditional venture capitalists do. Jake and 8VC have entrepreneurial DNA which makes this partnership so dynamic. They know how to build and rapidly scale companies. They understand how we think and are willing to take risks alongside us.  We are thrilled to expand our partnership and efforts with them,” said Thattai.

As Lineage’s Advisor, Medwell will bring to bear longstanding relationships and partnerships with Schneider National, Daimler, Koch Industries, and others. In addition, he draws on a carefully curated and trusted advisory board which includes some of the most prominent and influential names in the industry such as 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. Brokerage at Amazon.

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About Lineage

Lineage es el mayor REIT industrial de temperatura controlada y proveedor de soluciones logísticas del mundo. Cuenta con una red global de más de 340 instalaciones estratégicamente situadas que suman más de 2.000 millones de pies cúbicos de capacidad y se extienden por 15 países de Norteamérica, Europa, Asia-Pacífico y Sudamérica. La experiencia líder del sector de Lineage en soluciones logísticas integrales, su incomparable red inmobiliaria y el desarrollo e implantación de tecnología innovadora contribuyen a aumentar la eficiencia de la distribución, fomentar la sostenibilidad, minimizar los residuos de la cadena de suministro y, lo que es más importante, como socio visionario de Feeding America, ayudar a alimentar al mundo. En reconocimiento a las destacadas innovaciones e iniciativas de sostenibilidad de la empresa, Lineage fue reconocida como la 1ª. Empresa de Ciencia de Datos, y 23ª en general, en la lista 2019 de Fast Company de Las Empresas Más Innovadoras del Mundo, además de ser incluida en la lista Change The World de Fortune en 2020. (www.lineagelogistics.com)

Acerca de 8VC

8VC es una empresa líder en inversión tecnológica que invierte en equipos visionarios y respalda empresas que transforman la industria. Los socios tienen un historial probado como fundadores, ingenieros y operadores de empresas de éxito como Palantir, Addepar, Affinity y OpenGov, entre otras. 8VC se fundó en 2012 y gestiona 3.600 millones de dólares en capital comprometido. 8VC invierte principalmente en plataformas empresariales inteligentes en sectores como servicios financieros, sanidad, logística y otros, y Bio-IT. Para más información, visite http://8vc.com

Contacto de prensa de 8VC
Audrey Jones
Audrey Jones Comunicaciones
Teléfono: (571) 225-7961
[email protected]

Contacto de prensa para Lineage
Megan Hendricksen
Linaje
Teléfono: (949) 247-5172
[email protected]