Inttra operates a multi-carrier e-commerce marketplace for ocean shipping, connecting carriers, third-party logistics providers and shippers. Led by CEO John Fay and based in Parsippany, NJ, the company works with 54 carriers and NVOCCs and 109 software alliance partners. Its network includes more than 220,000 shipping professionals. Over 600,000 container orders are initiated on the platform each week, representing 22 percent of global ocean container trade. The company provides tools to standardize and streamline shipping processes worldwide and continues to develop products and services for carriers and customers. INTTRA operates a global e-commerce network for the ocean freight industry that standardizes automation of functions such as user acquisition, shipment booking and management, and freight settlement. The company introduced an industry eInvoice platform and an NVOCC product in 2009, and plans to enhance those offerings with the new capital. Management says the business follows $100M of extended long-term contracts with ocean carriers, which it cites as strengthening its market position. INTTRA will use the $30M investment to develop new products and services and pursue new market opportunities. Planned commercial initiatives include a dedicated sales staff for carrier and high-volume shipper accounts and a professional services program to help carriers achieve e-commerce objectives. ABS Capital Partners representatives will join INTTRA’s board, signaling active involvement from the investor.

Total raised

$40M

Funding rounds

2

Latest round

Equity

Latest activity

Jul 2015