Sunday, May 31, 2020

Bezos Backs Beacon, Brit Logistics/Freight Forwarding Finance Startup

I couldn't sustain the alliteration through the entire headline. I failed you.
From Sky News: 

World’s richest man Jeff Bezos offers Beacon to UK start-up
The Amazon chief is taking a stake in Beacon, a digital freight-forwarding and supply chain finance firm, Sky News learns.
Jeff Bezos, the Amazon founder who has amassed a fortune large enough to see him crowned the world's richest person, is to invest part of his wealth in a British technology start-up which wants to become a global logistics titan.

Sky News can reveal that Mr Bezos has agreed to back Beacon, a specialist in digital freight forwarding and supply chain finance.

Mr Bezos - who the Bloomberg Billionaires Index estimates is now worth $143bn (£116bn) - is understood to be participating in a $15m (£12.2m) Series A fundraising, to be announced by Beacon this week.

Luring the world's wealthiest man as a backer represents a huge coup for Beacon, particularly because as the founder and chief executive of Amazon, Mr Bezos is intimately acquainted with the complexities of supply chain management....
....MUCH MORE