Marriott Harrison were delighted to act for Beacon on its Series A investment round of $15 million.
Beacon is a start-up company applying its best-in-class AI and cloud based technology to freight forwarding and supply chain finance. The company was founded in order to drive disruption and operational efficiencies in a fragmented industry.
Beacon’s technology provides real-time updates on global cargo delivery and shipping costs to optimise the cost, speed and reliability for customers while additionally providing financing opportunities to help solve cashflow issues often faced by importers between purchase and delivery of goods.
The round was led by 8VC and included Jeff Bezos, alongside existing investors such as Uber founders Travis Kalanick and Garrett Camp, former Google CEO Eric Schmidt, as well as venture firms such as Neo, Red Sea Ventures, Mantaray and FJ Labs. The money raised in this Series A round will be invested in new hires, technology and market expansion.