Amazon Primes New $1B Fund To Invest In Companies Working On Logistics And Supply Chain Issues

Modjoul was recently mentioned in this CrunchBase News article.

“Amazon has a new $1 billion venture fund to invest in companies working in the customer fulfillment, logistics and supply chain sectors. Its new Amazon Industrial Innovation Fund comes amid record venture investment into the shipping and logistics management space prompted by snarled global supply chains.

“We see an opportunity to look beyond our own experience and empower companies that are developing emerging technologies in customer fulfillment operations, logistics, and the supply chain,” Alex Ceballos Encarnacion, Amazon’s vice president of worldwide corporate development, wrote in a blog post. “We know there are companies out there that share our curiosity and excitement to invent. Whether our investment helps them grow or leads them to work with Amazon, or both, we’re excited to help advance these technologies as online shopping becomes even more important to people who are looking for more convenience and time savings.”…”

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