United Kingdom-based logistics startup Beacon has raised $15 million in a Series A funding round, it told Reuters in a statement Sunday.
Amazon.com Inc. (NASDAQ: AMZN) Chief Executive Officer Jeff Bezos was one of the lead participants in the funding round, along with venture capital firm 8VC, it said.
According to its website, Beacon acts as a freight forwarding agent between international traders.
The startup says its aim is to "become a global leader in logistics and trade finance by making trade simpler, more transparent and reliable."
Beacon was founded in 2018 by two former Uber Technologies Inc. (NYSE: UBER) executives Fraser Robinson and Dmitri Izmailov. The startup's Chief Technology Officer Pierre Martin was previously the head of software engineering for Amazon's package & freight transport technology, according to his LinkedIn.
Amazon Price Action
Amazon shares closed 1.7% higher at $2,442.37 on Friday. The shares traded further higher at $2,444.11 in the after-hours session.
See more from Benzinga
- Amazon, Apple, Walmart, Other Retailers Shutter Stores, Scale Back Operations In Areas Worst Hit With Protests
- Amazon Offers Full-Time Employment To 125,000 Workers Hired To Meet Increased Demand During Pandemic
- UPS Slaps 'Peak' Surcharge On Amazon, Walmart, Others, As Delivery Requests Balloon Post Lockdown Ease
© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.