About Torg
Torg is a company based in Berlin (Germany) founded in 2022 by Rita Kerbaj, Ben Holdham, and Hans Kristian Furuseth.. Torg has raised $2.93 million across 1 funding round from investors including Connect Ventures, FoodLabs and Sondo Capital. Torg offers products and services including Sourcing Platform, Chat System, and Quote Negotiation. Torg operates in a competitive market with competitors including Tridge, Hier app, foodcircle, Ablife and Unamera, among others.
- Headquarter Berlin, Germany
- Founders Rita Kerbaj, Ben Holdham, Hans Kristian Furuseth
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Sectors
Retail
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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
$2.93 M (USD)
in 1 rounds
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Latest Funding Round
$2.93 M (USD), Seed
Apr 09, 2024
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Investors
Connect Ventures
& 5 more
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Employee Count
Employee Count
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Products & Services of Torg
Torg offers a comprehensive portfolio of products and services, including Sourcing Platform, Chat System, and Quote Negotiation. 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 searching and connecting with food suppliers online.
Real-time chat for supplier inquiries and negotiations.
Feature to request and compare supplier quotes efficiently.
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Co Team
1 people
Leadership Team
1 people
Bubble Team
1 people
Product Management Team
1 people
Sales and Marketing
1 people
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Funding Insights of Torg
Torg has successfully raised a total of $2.93M through 1 strategic funding round. The most recent funding activity was a Seed round of $2.93 million completed in April 2024. 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 1
- Last Round Seed — $2.9M
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First Round
First Round
(09 Apr 2024)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2024 | Amount | Seed - Torg | Valuation | Connect 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 Torg
Torg has secured backing from 6 investors, including venture fund and angel investors. Prominent investors backing the company include Connect Ventures, FoodLabs and Sondo Capital. 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 investments are made in product-focused companies by Connect Ventures.
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Founded Year | Domain | Location | |
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FoodLabs is engaged in supporting food innovation startups.
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Founded Year | Domain | Location | |
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Early-stage investments are provided by Sondo Capital in Norway.
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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 Torg
| 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 - Torg
| 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 |
Torg Comparisons
Competitors of Torg
Torg 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 Tridge, Hier app, foodcircle, Ablife and Unamera, 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 |
Farm products are traded via an online B2B marketplace.
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| domain | founded_year | HQ Location |
Procurement solutions for grocery retailers are offered by Hier app.
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| domain | founded_year | HQ Location |
A digital wholesale platform for organic foods is operated.
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| domain | founded_year | HQ Location |
Delivers comprehensive retail store aggregation solutions for businesses.
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| domain | founded_year | HQ Location |
Raw materials for brewing are traded via an online marketplace.
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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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Frequently Asked Questions about Torg
When was Torg founded?
Torg was founded in 2022 and raised its 1st funding round 2 years after it was founded.
Where is Torg located?
Torg is headquartered in Berlin, Germany. It is registered at Berlin, Berlin, Germany.
Is Torg a funded company?
Torg is a funded company, having raised a total of $2.93M across 1 funding round to date. The company's 1st funding round was a Seed of $2.93M, raised on Apr 09, 2024.
What does Torg do?
Torg was founded in 2022 in Berlin, Germany, as an online platform in the food and beverage sector. Retailers are connected with manufacturers via this marketplace for private label production and foodservice sourcing. Operations focus on enabling efficient trading between businesses, supporting supply chain needs without direct involvement in product distribution or sales.
Who are the top competitors of Torg?
Torg's top competitors include Tridge, Hier app and foodcircle.
What products or services does Torg offer?
Torg offers Sourcing Platform, Chat System, and Quote Negotiation.
Who are Torg's investors?
Torg has 6 investors. Key investors include Connect Ventures, FoodLabs, Sondo Capital, Ventures Together, and Sameer Singh.