Amazon CEO Jeff Bezos has revealed that he will invest in British startup Beacon. The startup, which is a digital uploader, said it had successfully raised more than €15 million in a recent Series A fundraiser from some leading investors, including Bezos and venture capital firm 8VC. . Based in London, Beacon is also a supply chain finance company that also provides real-time data on cargo delivery and market insight into global shipping costs and prices.
Futuristic product
Freight transportation remains a trillion-dollar industry and Beacon, founded by two former Uber executives two years ago, has already received investment from Uber founders Travis Kalanick and Garrett Camp, as well as former Google CEO Eric Schmidt. According to CEO Fraser Robinson, digitization is constantly increasing due to the global pandemic. The company said its goal is to disrupt the trillion-dollar freight forwarder market by drastically improving the experience for importers and exporters with a more transparent and intelligent shipping product. Robinson, however, expressed apprehension about the industry's future landscape, saying the traditional promoter remains more precarious than ever. Amazon's Bezos has invested in many startups over the years, this move likely aimed at strengthening his company's logistics services, which currently include ocean, air, and ground transportation, and whose mission is to be a logistics and finance leader. commercial. . Funds raised by the company would be appropriately allocated to invest in new hires, technology and market expansion, a Beacon representative said. Via: Reuters