Amazon founder Jeff Bezos invests in UK freight forwarder Beacon


 

London-based freight forwarding and supply chain finance company Beacon has attracted funding from Amazon founder Jeff Bezos. The start-up, launched in 2018 by two former Uber executives, has raised over $15m (£12m) in its first funding round, attracting heavyweight investors which include Jeff Bezos, former Google chief executive Eric Schmidt and US venture capital firm 8VC. Beacon aims to disrupt the freight forwarding industry which it says is a “highly fragmented” market, in which the top ten forwarders globally control […]