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
Not available
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Net Profit
Not available
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EBITDA
Not available
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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
Not available
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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.
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.
People of Torg
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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.
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.
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Early-stage investments are made in product-focused companies by Connect Ventures.
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FoodLabs is engaged in supporting food innovation startups.
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Early-stage investments are provided by Sondo Capital in Norway.
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Investor details for Torg
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Investments & Acquisitions by Torg
Investment portfolio details for Torg
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Financial Statements - Torg
Detailed financials for Torg
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Torg Comparisons
Peer comparison for Torg
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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.
| Company Name | Domain | Founded year | HQ Location | Description |
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Farm products are traded via an online B2B marketplace.
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Procurement solutions for grocery retailers are offered by Hier app.
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A digital wholesale platform for organic foods is operated.
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Delivers comprehensive retail store aggregation solutions for businesses.
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Raw materials for brewing are traded via an online marketplace.
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Detailed competitors of Torg
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Latest news on Torg
Complete news archive for Torg
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Frequently Asked Questions about Torg
Torg was founded in 2022 and raised its 1st funding round 2 years after it was founded.
Torg is headquartered in Berlin, Germany. It is registered at Berlin, Berlin, Germany.
Torg is a funded company, having raised a total of $2.93M across 1 funding round to date.
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.
Torg's top competitors include Tridge, Hier app and foodcircle.
Torg offers Sourcing Platform, Chat System, and Quote Negotiation.
Torg has 6 investors. Key investors include Connect Ventures, FoodLabs, Sondo Capital, Ventures Together, and Sameer Singh.