Beacon: Bezos Invests in Overseas Supply Chain Platforms Beacon and Ula

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 (NASDAQ: AMZN) 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 supply chains globally. We are excited to partner with Beacon's world-class team as they continue to expand and create value for their customers," said Amir Karimpour, managing partner at Northstar.vc. Beacon started the year listed as one of London's 50 fastest-growing companies after experiencing 196% employee growth and opening a new, strategic office in Hong Kong to provide better customer service with a local presence in an area where a large portion of the cargo the company manages originates. Beacon's platform. (Photo: Beacon) Now, after 12 months of 12X revenue growth fueled by demand, Beacon looks to add to its ...Full story available on Benzinga.com