Amazon Founder and CEO Jeff Bezos is investing $15 million in Beacon, a digital freight-forwarding and supply chain finance firm in the UK.
According to Sky News, the world’s richest man is taking part in Series A fundraising worth $15 million for the British startup.
Launched in 2018, Beacon uses Artificial Intelligence (AI), Cloud and other technologies to improve operational efficiency for customers organising international trade in their products.
Beacon has seen demand during the Covid-19 crisis from companies in the e-commerce and homewares sector.
The company offers a range of services – including global ocean, air freight and truck – which can be accessed and managed on a single platform.
Beacon was founded by two former Uber executives, Fraser Robinson and Dmitri Izmailov.
Beacon’s investors include executives from Uber, Google and Amazon.
Pierre Martin, the company’s chief technology officer, previously worked at Amazon.
