Inttra, a Parsippany, NJ-based ocean shipping electronic marketplace, raised $9.5m in a strategic financing round.
Backers included ABS Capital Partners as well as other existing shareholders and management.
The company intends to use the funds to enhance its e-shipping platform for carriers, third party logistics providers and shippers and to continue development of products and services.
Led by John Fay, CEO, Inttra provides a multi-carrier e-commerce marketplace for ocean shipping. Its professionals work with 54 carriers and NVOCCs, 109 software alliance partners, as well as their customers, to streamline and standardize their shipping processes worldwide through a network of 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.