Palo Alto, CA-based Technology Crossover Ventures (TCV), a venture capital firm, has invested $15 million in virtual freight-forwarder Integres, which offers one-stop door-to-door shipment of expedited heavy freight.
Integres has developed a global network of transportation service providers that is enhanced by strategic partnerships, with American Airlines, United Airlines, US Airways, Roadway Corporation, and UTi Worldwide. The network provides Integres with highly competitive rates, preferred access to capacity, established distribution channels and, in many cases, revenue commitments.
TCV said that the $50-billion expedited domestic and international heavy-freight market remains "fragmented," which provides firms like Integras with an opportunity to build market share and profitability.
