Beacon, a London UK-based digital supply chain and freight platform, raised $50M in Series B funding.
The round was led by Northstar.vc with participation from Upper90 with participation from Jeff Bezos, the founder and executive chair of Amazon, Marc Benioff, founder, chairman and CEO of Salesforce, as well as US venture capital firms 8VC and Expa.
The company intends to use the funds to grow the team, continue the development of its technology and expand into new markets.
Led by CEO Fraser Robinson and COO Dmitri Izmailov, Beacon provides an integrated digital supply chain and freight platform, whose mission is to help businesses optimise their supply chains with end-to-end visibility, payments, and insights. The company offers a full range of services, including global ocean, air and road freight, customs clearance, insurance and supply chain finance, all accessed and managed in a single platform.
Since completing its Series A in early 2020, Beacon has experienced 12x revenue growth in the last 12 months, while the team has increased from 24 to 180, including expansion into Asia with a new office in Hong Kong.
FinSMEs
04/10/2021