Amazon’s Jeff Bezos invests in UK electronic products forwarder Beacon


(Therednow) – – Inc Chief Executive Jeff Bezos has selected British start-up Beacon, a digital freight forwarder, for his most recent financial investment.

Beacon stated on Sunday it elevated over $15 million in Series A fundraising, from investors consisting of Bezos and also venture capital firm 8VC.

The start-up, formed by two former Uber Technologies Inc execs two years back, is currently backed by Uber owners Travis Kalanick and Garrett Camp, along with previous Google CEO Eric Schmidt.

Beacon is additionally a supply chain finance firm that supplies real-time information of freight shipment and also an industry sight of worldwide delivery costs and also prices.

“With digitalisation increasing globally as a result of COVID-19, our team believe the future of the typical products forwarder is much more precarious than ever,” CEO Fraser Robinson said in a declaration.

Beacon, whose logistic solutions include worldwide ocean, air and vehicle products, said the funds raised will certainly be bought brand-new hires, technology as well as market expansion.

Amazon did not quickly react to ask for remark.


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