About Torchlite
Torchlite is a company based in Indianapolis (United States) founded in 2015.. Torchlite has raised $6.8 million across 9 funding rounds from investors including Scott McCorkle and Salesforce Ventures. Torchlite offers products and services including PRM Software, Cloud Marketplace Platform, Channel Partner Management Software, Partnership Management Software, and Partner Portal Software. Torchlite operates in a competitive market with competitors including TUNE, WorkSpan, Wove, Wake and Hunterz, among others.
- Headquarter Indianapolis, United States
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Sectors
Technology
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Email
***********
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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
$6.8 M (USD)
in 9 rounds
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Latest Funding Round
$1 M (USD), Seed
Jul 24, 2023
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Investors
Salesforce Ventures
& 1 more
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Employee Count
Employee Count
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Products & Services of Torchlite
Torchlite offers a comprehensive portfolio of products and services, including PRM Software, Cloud Marketplace Platform, Channel Partner Management Software, Partnership Management Software, and Partner Portal Software. 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.
Tool for managing partner relationships and programs
Platform for cloud-based marketplace operations
Software for handling partner onboarding and collaborations
System for tracking deals and affiliate programs
Interface for partner resources and interactions
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Funding Insights of Torchlite
Torchlite has successfully raised a total of $6.8M across 9 strategic funding rounds. The most recent funding activity was a Seed round of $1 million completed in July 2023. 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 9
- Last Round Seed — $1.0M
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First Round
First Round
(18 Mar 2015)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2023 | Amount | Seed - Torchlite | Valuation |
investors |
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| May, 2020 | Amount | Debt – Conventional - Torchlite | Valuation |
investors |
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| Feb, 2019 | Amount | Debt – Conventional - Torchlite | Valuation |
investors |
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| 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 Torchlite
Torchlite has secured backing from 2 investors, including angel and venture fund investors. Prominent investors backing the company include Scott McCorkle and Salesforce Ventures. 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 tech startups are funded by corporate-backed Salesforce Ventures.
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Founded Year | Domain | Location | |
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SM
Scott McCorkle |
Angel investor, tech entrepreneur, co-founder of Salesforce Marketing Cloud
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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 Torchlite
| 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 - Torchlite
| 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 |
Torchlite Comparisons
Competitors of Torchlite
Torchlite 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 TUNE, WorkSpan, Wove, Wake and Hunterz, 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 |
Performance tracking for online advertising campaigns is provided.
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| domain | founded_year | HQ Location |
Collaboration platform for cross-company marketing teams is provided.
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| domain | founded_year | HQ Location |
Partners for co-marketing campaigns are matched by Wove's AI platform.
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| domain | founded_year | HQ Location |
Platform offering collaboration tools for designers
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| domain | founded_year | HQ Location |
Startups are connected with enterprises via a marketplace platform.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Torchlite
Frequently Asked Questions about Torchlite
When was Torchlite founded?
Torchlite was founded in 2015.
Where is Torchlite located?
Torchlite is headquartered in Indianapolis, United States. It is registered at Indianapolis, Indiana, United States.
Is Torchlite a funded company?
Torchlite is a funded company, having raised a total of $6.8M across 9 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $150K, raised on Mar 18, 2015.
What does Torchlite do?
Torchlite was established in 2015 in Indianapolis, United States, within the marketing technology sector. A platform is provided for integrating data from social media, email, marketing automation, CRM, content management, and analytics into a unified dashboard. Collaboration with freelancers is facilitated, and performance metrics are monitored in real time. Simultaneous work by internal and external teams is supported, allowing ideas to be shared across operations.
Who are the top competitors of Torchlite?
What products or services does Torchlite offer?
Torchlite offers PRM Software, Cloud Marketplace Platform, Channel Partner Management Software, Partnership Management Software, and Partner Portal Software.
Who are Torchlite's investors?
Torchlite has 2 investors. Key investors include Scott McCorkle, and Salesforce Ventures.