African Rainbow Capital (ARC), an investment holding company headquartered in South Africa, has expanded its ownership stake in transportation service provider Linebooker, investing $3.5 million to raise its ownership to over 70 percent in the company. This investment aims to support Linebooker's rapid growth strategy, focusing on enhancing its technological and operational capabilities to provide more effective services to its customers, particularly in the transportation provider and handling of larger transport volumes. While some of the investment will be directed towards operational and personnel improvements, the majority will fuel technological advancements.
Linebooker, an online freight platform launched in 2017, has experienced substantial growth by connecting consumers in need of large-item transportation services with trucks and other transport providers. The company primarily addresses transportation challenges across various industries, including mining, retail, farming, and manufacturing. ARC Investments, owning slightly over 70 percent of Linebooker, has been a key partner in the company's expansion. This latest $3.5 million infusion from ARC is expected to further enhance Linebooker's technological and operational capabilities, making it better equipped to serve its clients and manage higher transport volumes.