To improve digital supply chains with visibility and intention, the UK-based supply chain & freight and platform maker uplifts $50M. The company’s cloud-based platform provides a freight forwarding solution around different modes integrated with a visibility platform that connects every stage of the supply chain. londonbased beacon 50m series.
By doing so, Beacon aims to offer a record of information that a team requires. This platform can connect bookings to live tracking, order management, and document management. beacon 50m northstar.vc.
Among other new investors, Upper90 was one of them. But according to Beacon, it will use the fresh capital to grow the team, expand newer opportunities in the market, and drive more technical development. 50m series northstar.vc.
After completing the A series in 2020, the company stated that it had experienced speedy growth that resulted from increased customer demand. The existing investors who also participated in the B series are Amazon’s founder & executive chair, Jeff Bezos, and founder and chairman (and even the and CEO) of Salesforce, Marc Benioff. Besides, the U.S. venture capital firms Expa and 8VC also participated in the series B. beacon 50m series.
The prime objective of establishing Beacon is to transform the way recent-world businesses manage their online supply chain & logistics operations. londonbased beacon 50m series northstar.vc.
CEO and co-founder Fraser Robinson (and also a former executive at Uber) stated that after the pandemic outbreak, the world had witnessed the importance of resilent, transparent, and reliable global supply. It can only reinforce the need for technological services.
Earlier, the company has also witnessed exponential demand throughout the COVID-19 pandemic. In the previous years, the company has grown its product, team, and geographical presence to meet the demand. At the same time, they have also offered top-notch customer solutions.
The emerging funds will allow them to accelerate their growth as they can invest in their platform and perspective (and loyal) clients to continue their mission and revolutionize the supply chain globally.