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https://container-news.com/industry-unease-at-rising-port-congestion/
Digital supply chain platform Beacon announced on Monday it has raised over $50 million in an oversubscribed Series B round led by Northstar.vc with participation from Upper90 and existing investors 8VC, Expa, Amazon founder and Executive Chair Jeff Bezos, and founder, Chairman and CEO of Salesforce Marc Benioff.
“At Northstar, we back technologies that have the potential to alter the trajectory of their respective industries, and Beacon’s game-changing platform has the potential to transform...
https://www.freightwaves.com/news/bezos-invests-in-overseas-supply-chain-platforms-beacon-and-ula
The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.
Late last month, Beacon – a digital freight forwarder based in the U.K. – announced that it had raised $15 million in a Series A round of financing. It also announced that Jeff Bezos was one of the investors in that round.
Bezos’ investment instantly became an issue of discussion among people who follow early-stage technology startups in the freight markets. The...
https://www.freightwaves.com/news/commentary-another-freight-forwarding-disruptor-joins-the-fray
It happened again, last week.
Digitally native forwarder Beacon announced a funding round, accompanied by familiar claims of disrupting the trillion-dollar freight industry.
And while the logistics industry certainly has room to advance, the announcement also brought a familiar indignant response. The reality, of course, is more nuanced.
On the one hand, there’s no such thing as a tech company anymore. Every company, big or small, has made technology a central part of …
The post Don’t write off...
https://theloadstar.com/dont-write-off-digital-freight-forwarders-look-and-learn-from-them/
Freight forwarders in the UK have responded to the news of Amazon’s investment in the UK operator Beacon with a defiant message of their own, claiming that Amazon is not the only company that is joining the digital revolution.
Forwarding as an industry is often considered to be ripe for disruption by the new technological revolution that is taking place with a view that the industry will see its business taken over by slicker digital operators, according to the British International Freight...
https://container-news.com/freight-forwarders-hit-back-at-bezos-the-disruptor/
Beacon, a U.K.-based freight forwarding and supply chain finance startup, has raised over $15 million in its Series A investment, led by venture capital firm 8VC and including investors like Jeff Bezos, the founder and CEO of Amazon.
Bezos is not the first high-profile investor to be interested in Beacon. The company also counts executives from Uber, Google and Amazon among its backers, as well as venture firms like Neo, Red Sea Ventures, Manta Ray and FJ Labs.
Two ex-Uber executives — Fraser...
https://s29755.pcdn.co/news/bezos-among-investors-in-uk-freight-startup-beacon
Digital disruptors will no more kill-off today’s forwarding sector than the advent of European rail did in the 1800s, according to director general of the British International Freight Association (BIFA), Robert Keen.
Mr Keen said it was simply “PR puff” to claim, as new ‘digital’ forwarder Beacon did yesterday, that the acceleration of digitalisation resulting from Covid-19 makes the future of the traditional freight forwarder more ‘precarious’ than ever.
“Over the past …
The post BIFA bites...
https://theloadstar.com/bifa-bites-back-at-rubbish-prophecies-of-forwarders-death-by-tech/
London-based Beacon, a freight forwarding and supply chain finance company, has raised over US$15 million in its Series A fundraising round, with investors including Jeff Bezos, the founder and CEO of Amazon, and leading US venture capital firm 8VC.
The company offers a full range of services, including global ocean, air and truck freight, together with supply chain finance, all of which can be accessed and managed on a single platform.
“With digitalisation accelerating globally as a result of...
https://container-news.com/jeff-bezos-supports-uk-freight-forwarding-start-up/
A new UK ‘digital’ forwarder, hoping to disrupt the industry’s “precarious” traditional methods, has received the ultimate accolade: investment from Amazon founder Jeff Bezos.
London-based Beacon, which styles itself as a “next-generation freight forwarding and supply chain finance company”, has raised $15m in series A funding, luring in not just Mr Bezos, but venture capital firm 8VC.
Beacon was founded in 2018 by two former Uber executives, Fraser Robinson, now CEO, and …
The post Beacon will...
https://theloadstar.com/beacon-will-disrupt-slow-and-inefficient-forwarding-market-with-bezos-cash/