Beacon secures $50m in Series B funding led by Northstar.vc to expand operations and technology.
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The oversubscribed round was led by Northstar.vc with participation from Upper90 and existing backers.
Beacon provides an integrated digital platform for freight and supply chain management, offering end-to-end visibility, payments, and analytics. Headquartered in London, the company helps businesses navigate global logistics with software for bookings, tracking, and customs clearance.
Beacon has secured over $50m in a Series B funding round led by Northstar.vc, with participation from Upper90 and existing backers. The capital will be directed towards team expansion, technological development, and international growth.
The raise follows a period of rapid expansion for the digital freight platform, driven by heightened demand for supply chain visibility during the pandemic. Previous investors, including Jeff Bezos, Marc Benioff, 8VC, and Expa, also contributed to the latest financing.
From the founder
"We are extremely pleased with the progress to date, and this latest round of investment, from some of the leading names in business and technology, is an endorsement of our strategy and rapid growth."
Fraser Robinson
CEO at Beacon
Investor perspective
"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."
Amir Karimpour
Managing Partner, Northstar
Use of funds
- 01Grow the team
- 02Continue product development
- 03Expand into international markets
Investors
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About the company
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Beacon
Beacon operates a digital supply chain and freight platform providing end-to-end logistics visibility.