Report: Jeff Bezos is buying a stake in UK digital supply chain startup Beacon

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Based in London and founded in 2018, Beacon's investors already include executives from Uber, Google and Amazon, the firm says.

CEO and world's richest man is taking part in Series A fundraising worth $15 million for the British startup, Sky reported.

Freight forwarding is a trillion dollar industry, and Beacon aims to act as the booking agents between importers and exporters while facilitating trade logistics and finance, its website says. Based in London and founded in 2018, Beacon's investors already include executives from Uber, Google and Amazon, according to its site. Its chief technology officer, Pierre Martin, was formerly head of software engineering for Amazon's package and freight transport technology.

The backing from Bezos, who has invested in numerous startups, would be a major boost for the company in its stated mission to be a global leader in logistics and trade finance. Bezos himself owns a 12% stake in Amazon. The global e-commerce and cloud software giant is in regular competition with technology hegemons

 

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Wait a second... It says Jeff bezos invested? Not Amazon? Is that not sort of a conflict of interest? Why am I invested in Amazon if Jeff bezos is investing his personal money in another Amazon like business? It would be like Tim Cook personally investing in an Apple competitor.

Wtf is digital supply chain?

Damn, i could only afford a bacon.

😂😂 this guy doesn't sleep. He stays conquering

1 Martta yazdığım makalemde Arap baharı safsatasıyla karıştırdıkları bu coğrafyadan bahsedip bir gün ortak değeri olmayan ABD halklarının uyanacağını yazdım. İzleyin yada yayınlı yerlerden okuyun.

Why do we allow Jeff Bezos to exist?

Trump has warned China will not exist in the Map if it was 'knowingly..responsible' For the novel coronavirus Covid_19

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