Amazon founder, Jeff Bezos, invests $15 million in Beacon

Jeff Bezos-Amazon

Amazon.com Inc Chief Executive Jeff Bezos has invested in British digital freight forwarder startup, Beacon.

The UK startup told Reuters News today that it raised over $15 million in Series A fundraising, from investors including Bezos and venture capital firm 8VC.

Beacon was 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.

“With digitalisation accelerating globally as a result of COVID-19, we believe the future of the traditional freight forwarder is more precarious than ever,” CEO Fraser Robinson said in a statement.

Beacon, whose logistic services include global ocean, air and truck freight, said the funds raised will be invested in new hires, technology and market expansion.

Amazon did not immediately respond to request for comment by Reuters News.

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