Intelage, a Seattle, WA-based cloud-based global trade management (GTM) and logistics platform, closed $3.5m in seed funding.
The round was led by Blumberg Capital with participation from Vulcan Capital, amongst others.
The funds will be used for future development of the technology, as well as building out the company’s sales team and senior management.
Led by John Han, founder, Intelage is a cloud-based global trade management (GTM) and logistics platform that brings together trade suppliers, buyers, and partners to create, track, and manage trades all from within a single application, consolidating product information, offer negotiation, documents, contract details, and communications in a single user interface. This allows customers to automate manual processes, obtain visibility into business-critical decisions, eliminate exceptions, and simplify overall trading experiences.
The company is also announcing the appointment of head of engineering, Dave Fry, who will lead the technological vision and strategy.
The solutions cover sourcing, logistics, tracking, documentation, communication, trade, and regulatory compliance activities. The customer network is currently operating in the U.S., China, Egypt, Indonesia, Korea, and Vietnam.