About Torch Logistics
Torch Logistics is a Transportation, Automotive & Logistics company based in Chicago (United States) founded in 2018. Online platform providing short-haul services. 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. Its focus areas include Consumer, Logistics Tech, Freight and Trucking. Its competitors include DrayNow, Dray Alliance and Mothership Technologies; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Chicago, United States
- SectorsTransportation, Automotive & Logistics
- Website torch3pl.com
- Social LinkedIn
- Total Equity Funding$4.93M (USD)
in 3 rounds
- InvestorsSchematic Ventures
& 6 more
Products & Services of Torch Logistics
Torch Logistics offers a comprehensive portfolio of products and services, including Short-Haul Network, Drayage Services, and Project Freight.
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.
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 $4.93M
- Total Rounds 3
- First Round $850,000
(Oct 2020)
- Investors Count 7
All 3 funding rounds of Torch Logistics with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2021 | Debt – Conventional | – | – | – | |
| Apr 2021 | $4.08M | Seed | – | Maersk Growth | |
| Oct 2020 | $850,000 | Seed | – | Schematic Ventures |
7 investors in total: 7 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage venture capital investments in industrial technology are made. | schematicventures.com | San Francisco, United States | ||
Early-stage investments are provided to visionary SaaS founders. | saasventurecapital.com | |||
Early-stage investments are provided in the food industry. | bluesteinventures.com | Chicago, United States | ||
Early-stage tech-focused VC firm investing primarily in the US | anorak.vc | San Francisco, United States | ||
Angel and early-stage investments in US tech startups are conducted. | supplychainventure.com | Boston, United States | ||
VC fund focused on early stage trade & logistics sectors | growth.maersk.com | Copenhagen, Denmark | ||
| interloop.ai |
Investor details for Torch Logistics
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Torch Logistics
3 people are tracked at Torch Logistics (3 in leadership).
| Name | Role | Group |
|---|---|---|
Abtin Hamidi | Founder/CEO | Leadership |
Denise Alsar | Director Of Operations | Leadership |
Joe Shoop | Director Of Engineering | Leadership |
Complete people profiles for Torch Logistics
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Timeline of Torch Logistics
3 dated milestones of Torch Logistics across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Torch Logistics is founded.
- Funding First funding round of $850K.
- Funding Latest funding round, Debt – Conventional,.
Competitors of Torch Logistics
Torch Logistics has 3 listed competitors in our database, 3 of them funded. They include DrayNow, Dray Alliance and Mothership Technologies.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| draynow.com | 2015 | Philadelphia, United States | $15M | 17 | Online marketplace for intermodal freight carriers and brokers | |
| drayalliance.com | 2016 | Lakewood, United States | $55.06M | Container drayage services are booked via an AI-enabled online marketplace. | ||
| mothership.com | 2017 | Los Angeles, United States | $76M | Online platform for booking trucks |
Detailed competitors of Torch Logistics
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Top companies in Logistics Technology & Platforms
3 companies that operate in the same segment as Torch Logistics (Logistics Technology & Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Food and grocery deliveries are facilitated through an app-based platform. | 2013 | San Francisco, California, United States | USD 2.5 B | USD 10.72 B | 80,579 | |
AI-powered cloud-based vehicle tracking solutions are offered for fleet owners. | 2015 | San Francisco, California, United States | USD 915 M | USD 1.62 B | 5,792 | |
Cloud-based logistics software suite is provided for supply chain management. | 1994 | Schaumburg, Illinois, United States | USD 35 M | USD 1.42 B | 3,600 |
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Related news about Torch Logistics
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Frequently Asked Questions about Torch Logistics
Torch Logistics was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Torch Logistics is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
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 2020.
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.
Torch Logistics's top competitors include Dray Alliance, Mothership Technologies and DrayNow.
Torch Logistics offers Short-Haul Network, Drayage Services, and Project Freight.
Torch Logistics has 7 investors. Key investors include Schematic Ventures, SaaS Ventures, Interloop, Bluestein Ventures, and Anorak Ventures.