RTR: Amazon's Jeff Bezos invests in UK digital freight forwarder Beacon

Jeff Bezos

www.AbodeofChaos.org

By LoadstarEditorial

02/06/2020

REUTERS reports:

Amazon.com Inc Chief Executive Jeff Bezos has picked British startup Beacon, a digital freight forwarder, for his latest investment.

Beacon said on Sunday it raised over $15 million in Series A fundraising, from investors including Bezos and venture capital firm 8VC.

The startup, formed by two former Uber Technologies Inc executives two years ago, is already backed by Uber founders Travis Kalanick and Garrett Camp, along with former Google CEO Eric Schmidt.

Beacon is also a supply chain finance firm that provides real-time data of cargo delivery and a marketplace view of global shipping costs and prices.

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You may also want to read this: “UK digital freight forwarder Beacon closes $15 million Series A fundraise, with investment from Jeff Bezos”

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