About Torch Logistics
Torch Logistics is a company based in Chicago (United States) founded in 2018.. Torch Logistics has raised $4.93 million across 3 funding rounds from investors including Schematic Ventures, SaaS Ventures and Interloop. Torch Logistics offers products and services including Short-Haul Network, Drayage Services, and Project Freight. Torch Logistics operates in a competitive market with competitors including DrayNow, Dray Alliance, Mothership Technologies, Qwqer and PockitShip, among others.
- Headquarter Chicago, United States
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Sectors
Transportation, Automotive & Logistics
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$4.93 M (USD)
in 3 rounds
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Latest Funding Round
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Investors
Schematic Ventures
& 6 more
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Employee Count
Employee Count
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Products & Services of Torch Logistics
Torch Logistics offers a comprehensive portfolio of products and services, including Short-Haul Network, Drayage Services, and Project Freight. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for reliable short-haul freight and capacity management.
Services connecting drayage carriers for instant rates and availability.
Tools for handling time-sensitive project freight with data insights.
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Funding Insights of Torch Logistics
Torch Logistics has successfully raised a total of $4.93M across 3 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Last Round
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First Round
First Round
(14 Oct 2020)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2021 | Amount | Debt – Conventional - Torch Logistics | Valuation |
investors |
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| Apr, 2021 | Amount | Seed - Torch Logistics | Valuation | Maersk Growth | |
| Oct, 2020 | Amount | Seed - Torch Logistics | Valuation | Schematic Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Torch Logistics
Torch Logistics has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Schematic Ventures, SaaS Ventures and Interloop. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early-stage venture capital investments in industrial technology are made.
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Founded Year | Domain | Location | |
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Early-stage investments are provided to visionary SaaS founders.
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Founded Year | Domain | Location | |
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Early-stage investments are provided in the food industry.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Torch Logistics
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Torch Logistics
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Torch Logistics Comparisons
Competitors of Torch Logistics
Torch Logistics operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as DrayNow, Dray Alliance, Mothership Technologies, Qwqer and PockitShip, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online marketplace for intermodal freight carriers and brokers
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| domain | founded_year | HQ Location |
Container drayage services are booked via an AI-enabled online marketplace.
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| domain | founded_year | HQ Location |
Online platform for booking trucks
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| domain | founded_year | HQ Location |
An online platform is operated for truck-based shipment delivery.
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| domain | founded_year | HQ Location |
Provides online togel gambling with secure transactions, transparency, and user-friendly access.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Torch Logistics
Frequently Asked Questions about Torch Logistics
When was Torch Logistics founded?
Torch Logistics was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Where is Torch Logistics located?
Torch Logistics is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Is Torch Logistics a funded company?
Torch Logistics is a funded company, having raised a total of $4.93M across 3 funding rounds to date. The company's 1st funding round was a Seed of $850K, raised on Oct 14, 2020.
What does Torch Logistics do?
Torch Logistics was founded in 2018 in Chicago, United States. An online platform is operated to facilitate short-haul logistics services by linking users with drayage carriers for instant rates and availability. The sector focuses on transportation for industries including food and beverage, consumer packaged goods, retail, and related fields. Operations are centered in the United States logistics market.
Who are the top competitors of Torch Logistics?
Torch Logistics's top competitors include Dray Alliance, Mothership Technologies and DrayNow.
What products or services does Torch Logistics offer?
Torch Logistics offers Short-Haul Network, Drayage Services, and Project Freight.
Who are Torch Logistics's investors?
Torch Logistics has 7 investors. Key investors include Schematic Ventures, SaaS Ventures, Interloop, Bluestein Ventures, and Anorak Ventures.
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