Participated · Series E · Sep 2022

VTS offers a multi-product commercial real estate platform (VTS Lease, VTS Rise, VTS Data, VTS Market) that delivers real-time market information and executional capabilities for landlords, brokers, and tenants. The platform captures the industry’s largest first-party data set and is used by 19 of the 20 largest global asset managers. VTS’s metrics include management of over 300,000 tenant companies, more than 87,000 properties across 40+ countries, a user base of over 45,000 CRE professionals, and execution of over $31 billion of leases in 2021 with over 2 billion square feet added. The company reports coverage of more than 60% of Class A U.S. office space and 12 billion square feet of office, retail, and industrial space managed through the platform globally. VTS plans to accelerate product innovation, pursue strategic acquisitions, and expand its team in the U.S., U.K., and Canada using the newly raised capital. VTS offers a centralized leasing, marketing, asset management, and tenant experience platform for commercial real estate professionals. Its software lets landlords and brokers track leases, assets, and tenants and delivers real-time insights and reporting through products such as VTS Data, Market/Marketplace, and VTS Rise. The platform is used by over 45,000 brokers and asset managers and manages roughly 12 billion square feet of office, retail, and industrial real estate globally, covering more than 60% of U.S. Class A office space. VTS says the capital will accelerate investments in its strategic product roadmap, support M&A activity, and fund global market expansion. The company has positioned the platform as the industry’s largest first-party data source to fuel faster, more informed decision making. VTS provides a leasing and asset management platform for commercial real estate landlords, brokers, and tenants that centralizes leasing workflows and real-time portfolio insights. The platform manages more than 10 billion square feet of office, retail, and industrial assets and has a user base exceeding 35,000, with clients including Blackstone, Brookfield, GLP, LaSalle, Hines, Boston Properties, Oxford, JLL, and CBRE. VTS says customers convert leads to leases 41% faster using its tools and in 2018 launched VTS MarketView, a real-time benchmarking and market analytics product. Proceeds from the latest round will be used to deepen investment in the platform domestically and internationally and to accelerate the launch of truva, an end-to-end commercial real estate leasing marketplace expected later this year. The company positions itself as the category leader for leasing and asset management technology in commercial real estate. VTS operates a commercial leasing and asset management platform that lets landlords, brokers, and tenant representatives track leasing trends, manage negotiations, monitor marketing performance, and run leasing pipelines. The company reports its platform manages about 2.7 billion square feet of real estate and includes roughly 80% of the top 10 global investment managers as customers. VTS is growing 100% year-over-year. It raised a $55M Series C led by Insight Venture Partners, bringing total funding to $84M. VTS plans to use the funding to fuel global expansion—targeting EMEA and APAC markets beginning with Germany, the Netherlands, and Sydney—and to continue product development. The company aims to become the industry-standard platform for commercial real estate, combining software and the data it generates to improve client performance. VTS provides a platform where brokers, owners, and investors can collaborate in real time and from any device, centralizing information about available spaces and prospective clients. The platform includes an analytics dashboard that aggregates data on specific buildings, tenants, and market trends to inform leasing and portfolio decisions. VTS reports around 1.5 billion square feet being managed on its platform and is used by large landlords and brokerage firms including Blackstone and JLL. The company was previously known as View The Space and was founded by former commercial brokers Ryan Masiello and Nick Romito. VTS plans to use new funding to boost growth in the U.S. and expand internationally, with offices in Sydney and London slated to open before the end of the year. Management says the company is growing at a pace far faster than anticipated.

Participated · Equity · Jan 2022

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.