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Prologis Ventures

www.prologis.com/about/prologis-ventures · Denver, CO

“We invest in bold ideas transforming supply chain and logistics. With deep industry expertise and Prologis' global network, we partner with companies redefining the logistics landscape.”

$2M – $20M
Check Size
Leads
Lead Tendency
$250M
AUM
~2 Months
Timeline
01Investment Thesis

We invest in bold ideas transforming supply chain and logistics. With deep industry expertise and Prologis' global network, we partner with companies redefining the logistics landscape.

Exclusion Criteria

Consumer-focused solutions, pure financial plays without operational integration, companies without clear path to logistics customer adoption

02Investment Team
WO
William O'Donnell
Managing Director, Global Head of Corporate Development & Growth
TL
Todd Lewis
Senior Vice President, Prologis Ventures
LC
Lisa Costello
Vice President of Innovation & Growth
CW
Charlie Walker
Vice President of Investment
RO
Rajeev Oak
Investment Director
TD
Tori Deems
Manager, Head of Community
RO
Rae Oakley
Investment Manager
03F4 Research Brief

Prologis Ventures Research

Investment Thesis

Prologis Ventures invests in bold ideas that transform the supply chain and logistics future. Powered by deep industry expertise from Prologis' 40+ years as the global leader in industrial real estate, Prologis Ventures bridges corporate resources with entrepreneurial innovation to accelerate commerce transformation. The fund believes that the next generation of competitive advantage will come from companies solving critical logistics challenges—from supply chain visibility and optimization to warehouse automation and energy sustainability.

Strategic Investment Focus

Prologis Ventures focuses on three primary strategic areas:

Supply Chain and Transportation: Technology that enhances resiliency, efficiency, and visibility strengthens logistics operations and keeps supply chains moving. This includes AI-powered delivery platforms, supply chain visibility solutions, predictive analytics tools, and intelligent freight optimization.

PropTech and Construction: Cutting-edge solutions drive continuous improvement in how industrial spaces are designed, built, and operated. This includes property data platforms, construction technology, and building operations software.

Energy and Sustainability: Future-forward infrastructure advances smarter operations, optimizes energy use, and supports high-demand environments. This includes renewable energy solutions, grid-scale storage, and electrification infrastructure.

Stage Focus

Prologis Ventures invests from Seed through Growth stage:

  • Seed: Early-stage companies with proven concepts and initial traction
  • Series A/B: Growth-stage companies with product-market fit
  • Growth: Scale-stage companies demonstrating market leadership

The fund takes both direct equity positions and strategic co-investment alongside Prologis' corporate capital.

Check Size and Deployment

As a corporate venture arm of a public REIT with $40 billion+ in assets under management, Prologis Ventures has significant deployment capacity. While exact check sizes vary by round and stage, the fund typically invests $2-20M per round and has demonstrated the ability to scale investments and provide follow-on capital as portfolio companies grow. Fund II represents substantial capital commitment with $250M deployed across 50+ portfolio companies.

Lead Tendency

Prologis Ventures typically participates as a lead or co-lead investor, leveraging Prologis' brand, customer relationships, and operational expertise. The firm provides not just capital but strategic guidance and customer access through Prologis' global logistics network and customer base.

Recent Activity and Portfolio

Prologis Ventures has been actively deploying since the fund's establishment in 2016. Notable recent and historical investments include:

Recent: Hakuou Robotics (2024, autonomous forklifts, Japan), Crisp (2024, real-time retail data, Series B)

Active Portfolio Companies (50+): Airspace (AI-powered delivery), Altana (supply chain visibility), Archipelago (property insurance), Cargomatic (freight marketplace), Flexe (on-demand warehousing), Flexport (global logistics platform), Fort Robotics (autonomous systems), Gaussy (warehouse robotics, Japan), Gideon (autonomous warehouse robots), and many others across four continents.

Notable Exits: data.world (acquired by ServiceNow), Baton (acquired by Ryder), ClearMetal (acquired by project44/part of project44's suite)

Fund Status: Fund II is actively deploying. The fund demonstrates consistent investment activity with recent additions to portfolio throughout 2024-2025.

Team and Expertise

Prologis Ventures is led by an experienced team combining venture capital expertise with deep logistics and real estate operational knowledge:

  • William O'Donnell (Managing Director): 22+ years in real estate and technology. Former AMB executive who built successful track record establishing investment platforms and completing major transactions. Brings private equity fund management expertise.

  • Todd Lewis (Senior Vice President): 8+ years in innovation ecosystem. Previously at UPS where he relaunched their venture arm into a modern investment capability. Broad experience across autonomous vehicles, robotics, AI/ML, and logistics technologies.

  • Lisa Costello (Vice President, Innovation & Growth): Leads initiatives accelerating innovation across Prologis ecosystem. Background in corporate innovation, futures thinking, and design thinking. Runs Prologis Innovation Accelerator program.

  • Charlie Walker (Vice President, Investment): Decade of experience in technology and sustainability sectors. Previously at Silicon Valley Bank managing relationships across frontier and climate technology. Based in NYC office.

  • Rajeev Oak (Investment Director): Founded Prologis Mobility and OnDemand energy platforms at Prologis. Background in technology transformation and O&M optimization. MS in Civil Engineering from Stanford.

  • Tori Deems (Manager, Head of Community): Focuses on post-investment success, portfolio connections, and business development. Previously built relationships with CVC investors at Silicon Valley Bank.

  • Rae Oakley (Investment Manager): Focused on net-zero future and sustainability. Built solutions at real estate technology startups. MBA from Stanford GSB.

Decision Process and Investment Approach

As a corporate venture arm of Prologis, decision-making combines partnership-style evaluation with access to Prologis' operational knowledge. The fund leverages:

  • Deep industry expertise in logistics, real estate operations, and supply chain
  • Direct customer relationships with Prologis' global logistics customer base
  • Operating resources and mentorship from Prologis operational teams
  • Access to Prologis' innovation network (PrologisNext executive community)
  • Strategic capital deployment to support mutual growth

The fund actively supports portfolio companies with customer introductions, operational guidance, and potential integration opportunities.

Geographic Focus

Prologis Ventures operates globally with portfolio companies across 4+ continents, with particular strength in:

  • North America (primary)
  • Europe (selective)
  • Asia (selective, including Japan)

The fund follows Prologis' global footprint and can leverage customer relationships in major logistics hubs worldwide.

Founder and Company Preferences

Prologis Ventures backs founding teams that understand the logistics and supply chain landscape deeply. The fund prefers:

  • Experienced operators with domain expertise in logistics, supply chain, or real estate
  • Technical founders solving real customer pain points
  • Companies addressing critical inefficiencies in commerce and logistics
  • Bold, innovative approaches to supply chain transformation
  • Teams willing to partner strategically with Prologis

Notable Portfolio Highlights

AI & Automation: Airspace (AI-powered critical shipment delivery), Altana (AI supply chain visibility), Gideon (AI warehouse robots), Fort Robotics (autonomous systems)

Supply Chain Optimization: Project44/ClearMetal (predictive visibility), Cargomatic (freight marketplace), Flexport (global logistics platform), Emerge (freight procurement)

Warehousing Innovation: Flexe (on-demand warehousing), Gaussy (warehouse robotics marketplace, Japan), Hakuou Robotics (autonomous forklifts, Japan)

Data & Retail: Crisp (real-time retail data), data.world (data governance, acquired by ServiceNow)

Emerging: Relay (AI-powered delivery), various sustainability and energy solutions

Prologis Strategic Assets

What differentiates Prologis Ventures from pure-play venture funds is access to Prologis' strategic assets:

  • Global Customer Base: Prologis' logistics customers across Americas, Europe, and Asia
  • Real Estate Portfolio: 1.2 billion sq ft of logistics properties globally used for testing and deployment
  • Operational Expertise: Decades of supply chain logistics operational experience
  • Capital: Access to REIT capital and strategic investment capability ($40B+ AUM)
  • PrologisNext: Executive community connecting senior supply chain leaders with portfolio companies

Fund Performance and Deployment

Since founding in 2016, Prologis Ventures has deployed $250M+ across 50+ companies spanning Seed through Growth stage. The portfolio demonstrates strong survival and growth metrics, with successful exits (ServiceNow acquisition of data.world, Ryder acquisition of Baton, project44 acquisition of ClearMetal) and multiple companies reaching significant scale ($20M+ ARR, significant user bases).

04Selected Portfolio
Climate & Sustainability
XNRGY·Redaptive·Paebbl
Crypto & Web3
Kinetic
E-commerce & Marketplaces
Baton
Enterprise Software
Altana·Project44·Crisp·data.world·Emerge·Anori·WorkStep·Kahua·Kurando·Logiwa·Passive Logic·Platform Science·Fulfillment IQ
Fintech & Payments
Relay
Insurance
Archipelago
Logistics & Supply Chain
Airspace Technologies·Cargomatic·Flexe·Flexport·Gaussy·Kolors·Outrider·Saltbox
Robotics & Automation
Fort Robotics·Gideon·Hakuou Robotics·Locus Robotics·UNIT AI
Open the full portfolio→
05Recent Updates

Fresh signals from public announcements, essays, and portfolio activity.

See full activity (6) →
Prologis Ventures partnered with Paebbl, a carbon-negative building materials company, as a strategic partner/investor to accelerate bringing carbon-storing materials into the built environment.
INVESTMENT·prologis.com+1
AUG 2026
Prologis Ventures participated in UNIT AI's $12M funding co-led by Dynamo Ventures and Ground Up Ventures. UNIT AI builds modular Physical AI platform for warehouse automation that installs in spaces as small as 1,000 sq ft without facility redesign.
INVESTMENT·techfundingnews.com
JUL 29, 2026
Prologis Ventures made an initial Growth Equity investment in Fulfillment IQ, a logistics technology and consulting firm. The partnership expands on the investment to accelerate AI adoption and automation across global supply chains through co-built technology solutions.
INVESTMENT·fulfillmentiq.com
JUL 21, 2026
Portfolio company WorkStep was acquired by Learning Pool.
EXIT·marlinequity.com+2
APR 20, 2026
Invested in Anori, an AI-native real estate platform spinout from Alphabet X that automates entitlements, permitting, and design.
INVESTMENT·techcrunch.com+1
MAR 2026
06Frequent co-investors
NC
NewRoad Capital Partners
Both backed 4 of the same companies
Platform Science, WorkStep, Logiwa, Emerge
SV
Schematic Ventures
Both backed 3 of the same companies
Platform Science, Altana, Outrider
1V
137 Ventures
Both backed 2 of the same companies
Flexport, Flexe
8
8VC
Both backed 2 of the same companies
Project44, Flexport
AC
Acequia Capital (AceCap)
Both backed 2 of the same companies
Flexport, Flexe
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Quick Reference
Check Size
$2M – $20M
Stages
Seed · Series A · Series B · Growth
AUM
$250M
Decision
Partnership · ~2 Months
Warm Intro
Not Required
Involvement
Board Seat
Location
Denver, CO
Sector Focus
Real Estate & PropTechLogistics & Supply ChainRobotics & AutomationClimate & SustainabilityDeveloper Tools & Infrastructure
Models
Supply Chain TechnologyLogistics InnovationReal Estate TechnologyWarehouse AutomationEnergy & Sustainability
Technology
AI/MLRoboticsAutonomous SystemsData AnalyticsIoT
See all Real Estate & PropTech investors →See all Logistics & Supply Chain investors →See all Robotics & Automation investors →
Visit www.prologis.com/about/prologis-ventures ↗

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Focus Areas
Real Estate & PropTechLogistics & Supply ChainRobotics & AutomationClimate & SustainabilityDeveloper Tools & Infrastructure

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F4 Intelligence Report · Last Researched September 28, 2026F4 Research Engine