Lineage Logistics operates a global network of temperature-controlled warehouses and provides end-to-end logistics solutions for food and other temperature-sensitive supply chains. It is described as the world's largest temperature-controlled industrial REIT, with over 400 facilities totaling more than 2 billion cubic feet of capacity across 20 countries in North America, Europe, and Asia-Pacific. Lineage emphasizes development and deployment of technology and an unrivaled real estate network to increase distribution efficiency, advance sustainability, and minimize supply-chain waste. The company plans to complete a global pipeline of more than 20 in-flight greenfield and expansion projects totaling over $1.25 billion, including two new fully automated U.S. superhub projects in Southern California and the Northeastern U.S. Those projects represent over 700,000 new pallet positions and a 7% increase in global capacity, and Lineage is also targeting a more than 50% increase in on-site solar installations in the coming year. Financially, the company has raised over $700 million in new equity in this latest round, following a $1.7 billion raise in January 2022 and bringing total equity raised since January 2020 to $6.7 billion. Lineage Logistics is the world’s largest temperature-controlled industrial REIT and logistics solutions provider, offering end-to-end supply chain and cold-storage services. It operates a global network of over 400 strategically located facilities totaling more than 2 billion cubic feet across 19 countries in North America, Europe and Asia-Pacific. Lineage deploys proprietary software and automation to improve distribution efficiency, advance sustainability, and reduce supply chain waste. The company plans to use new capital to strengthen its balance sheet and invest in industry-leading technology, including automation and proprietary software tools, as well as clean energy initiatives. It will also fund growth through greenfield developments and facility expansions to create additional capacity for customers. Financially, Lineage announced $1.7 billion in new equity in this round, following a $1.9 billion raise in March 2021 and bringing total equity raised since January 2020 to $6 billion. Lineage Logistics operates a global network of temperature-controlled warehouses and logistics services, offering end-to-end solutions that promote food safety and reduce supply-chain waste. The company combines a large real estate footprint with technology — it employs data scientists, holds 13 patents, and recently launched Lineage Link, a fully integrated customer experience platform. Lineage serves customers from Fortune 500 firms to small businesses and has grown to more than 340 facilities with over 2.1 billion cubic feet of capacity across 15 countries. A portion of its recent capital will fund algorithmic programming, automation, and other disruptive technologies to build the temperature-controlled warehouse of the future. Lineage also plans greenfield development, facility expansions, and continued acquisitions to expand its global footprint. Lineage Logistics operates a global network of temperature-controlled warehouses and provides end-to-end logistics solutions that combine real estate, technology, and logistics services to promote food safety and reduce supply-chain waste. The company emphasizes technology and automation, including the development of advanced fully automated warehouses designed to reduce environmental intensity and increase capacity. Lineage serves more than 5,000 customers across over 320 facilities and has expanded its cubic feet capacity to 1.9 billion, growing cubic feet by 60% annually since 2008. Since its founding in 2008, the company has pursued rapid expansion through acquisitions and greenfield developments, announcing 16 acquisitions and 15 expansions/greenfield projects in 2020. Lineage highlights sustainability and efficiency as core outcomes of its platform while targeting continued global footprint growth and operational innovation.

Total raised

$8.7B

Funding rounds

5

Latest round

Equity

Latest activity

Dec 2022