Beacon | Pixr8 News

LONDON, June 1, 2020 -- Uk based logistics company Beacon has raised over $15 million in its Series A fundraising round, with investors including Jeff Bezos, the founder and CEO of Amazon, and leading US venture capital firm 8VC. Beacon was founded in 2018 by CEO Fraser Robinson and COO Dmitri Izmailov, both former Uber executives. They were joined by CTO Pierre Martin, previously at Amazon, bringing together a management team with deep expertise in logistics, technology, finance and hyper-growth. The freight forwarding and supply chain finance industries are worth an estimated $1 trillion and $12 trillion a year, respectively. Beacon offers a full range of services, including global ocean, air and truck freight, together with supply chain finance, all of which can be accessed...

Singapore based cross border fintech startup Instarem has reportedly raised an amount of over $20 million in Series C funding round. This round was led by the VC arm of Indonesian telecom operator Telkom, MDI Ventures and the fund belonging to Thai bank Kasikorn, Beacon. Along with this, existing investors such as Vertex Ventures, GSR Ventures Rocket Internet and the SBI-FMO Fund also participated in this round. The funds raised through the round will be used by the company majorly for global expansion. With this round, the total funding of the company has reached nearly $40 million to date. “We are a the stage where the color of the money is very important,” CEO Prajit Nanu said. “It is very key to us that we bring people into the round who can add value to our business.” The comp...

Tag: Beacon

Beacon raises $15 million funding from Jeff Bezos & others

Singapore-based Fintech Firm Instarem Raises $20 million