About Torchlite
Torchlite is a Technology company based in Indianapolis (United States) founded in 2015. Marketers are connected through an integrated collaboration dashboard. 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. Its focus areas include Enterprise Applications, MarketingTech and Collaborative Marketing. Its competitors include TUNE, WorkSpan and Wove; 3 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Indianapolis, United States
- SectorsTechnology
- Email••••••••
- Website torchlite.com
- Social LinkedIn X Facebook
- Total Equity Funding$6.8M (USD)
in 9 rounds
- Latest Funding Round$1M (USD), Seed
Jul 2023
- InvestorsSalesforce Ventures
& 1 more
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.
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
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 $6.8M
- Total Rounds 9
- Last Round Seed — $1M
- First Round $150,000
(Mar 2015)
- Investors Count 2
All 9 funding rounds of Torchlite 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 |
|---|---|---|---|---|---|
| Jul 2023 | $1M | Seed | – | – | – |
| May 2020 | $500,000 | Debt – Conventional | – | – | – |
| Feb 2019 | $150,000 | Debt – Conventional | – | – | – |
| Oct 2018 | $3M | Seed | – | – | |
| Jun 2018 | $150,000 | Seed | – | – | – |
| May 2017 | $2M | Seed | – | – | – |
| Apr 2016 | $100,000 | Seed | – | – | – |
| Oct 2015 | $400,000 | Seed | – | – | – |
| Mar 2015 | $150,000 | Seed | – | – | – |
2 investors in total: 1 institutional and 1 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage tech startups are funded by corporate-backed Salesforce Ventures. | salesforceventures.com | San Francisco, United States | ||
SM Scott McCorkle | Angel investor, tech entrepreneur, co-founder of Salesforce Marketing Cloud | unknown_e422db2fb8cf47e7a |
Investor details for Torchlite
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of Torchlite
2 people are tracked at Torchlite (2 in leadership).
| Name | Role | Group |
|---|---|---|
Ellen Bowers | Director Of Partnerships | Leadership |
Santhosh Kumarasamy | Chief Technology Officer | Leadership |
Complete people profiles for Torchlite
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Timeline of Torchlite
3 dated milestones of Torchlite across 8 years, from founding to its latest funding, stage changes and deals.
- Founded Torchlite is founded.
- Funding First funding round of $150K.
- Funding Latest funding round, Seed, of $1.0M.
Competitors of Torchlite
Torchlite has 3 listed competitors in our database, 3 of them funded. They include TUNE, WorkSpan and Wove.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| tune.com | 2009 | Seattle, United States | $72.8M | 48 | Performance tracking for online advertising campaigns is provided. | |
| workspan.com | 2015 | San Bernardino, United States | $66M | Collaboration platform for cross-company marketing teams is provided. | ||
| wove.com | 2014 | San Francisco, United States | $10.04M | 13 | Partners for co-marketing campaigns are matched by Wove's AI platform. |
Detailed competitors of Torchlite
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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- Competitive positioning
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Web traffic of Torchlite
The website of Torchlite (torchlite.com) receives about 2.9K visits a month.
- Monthly visits2.9K
▼ 37.3% vs previous month
Top companies in MarketingTech
3 companies that operate in the same segment as Torchlite (MarketingTech) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of AI-powered customer relationship management software | 2005 | Cambridge, Massachusetts, United States | USD 100.7 M | USD 3.13 B | 8,250 | |
Zeta Global is recognized as an AI-powered marketing cloud. | 2007 | New York, New York, United States | USD 357.58 M | USD 1.3 B | 3,142 | |
Multi-channel online marketing tools are provided for small businesses. | 1998 | Waltham, Massachusetts, United States | USD 37 M |
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Related news about Torchlite
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Frequently Asked Questions about Torchlite
Torchlite was founded in 2015.
Torchlite is headquartered in Indianapolis, United States. It is registered at Indianapolis, Indiana, United States.
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 Seed of $150K, raised on Mar 2015.
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.
Torchlite offers PRM Software, Cloud Marketplace Platform, Channel Partner Management Software, Partnership Management Software, and Partner Portal Software.
Torchlite has 2 investors. Key investors include Scott McCorkle, and Salesforce Ventures.