Torch is a Chicago, IL–based short-haul freight network company that provides a technology platform tailored to the needs of shipments under 550 miles for blue-chip clients nationwide. The company closed a $3.5M seed funding round to support growth. It intends to use the funds to expand its network and analytics capabilities and to bolster customer service efforts. The round was led by Maersk Growth with participation from Schematic Ventures, Bluestein Ventures, Anorak Ventures, Supply Chain Ventures and SaaS Ventures. Torch is led by CEO and founder Abtin Hamidi. Concurrent with the raise, the company announced Mike Bosch as VP of Engineering and Robert Baggio as VP of Operations and Strategy.

Total raised

$4M

Funding rounds

1

Latest round

Seed

Latest activity

Apr 2021