12:41 PM EDT, 04/11/2024 (MT Newswires) -- Amazon.com ( AMZN ) is in "active conversations" for possible funding support for UK-based technology startups via the e-commerce company's $1 billion industrial innovation fund, City A.M. reported Thursday.

Franziska Bossart, a director of the fund, told the newspaper that the fund has invested in 12 startups in the US and Israel.

"The UK is obviously an extremely important startup market in Europe. If you look at the scale, at the size, in terms of financials the UK is obviously the most important startup ecosystem in Europe," Bossart was quoted as saying.

Amazon ( AMZN ) did not immediately reply to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 187.88, Change: +1.93, Percent Change: +1.04