# Torch Logistics

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/torch-logistics

- Industry: Logistics & Distribution
- Headquarters: Chicago, US
- Website: www.torch3pl.com
- Total disclosed funding: $3.5M
- Latest round: Seed (Apr 15, 2021)
- Investors on record: 6

## About

Torch Logistics, Inc. is a US-based company established in 2019, specializing in efficient short-haul logistics and freight transportation solutions through a digital platform.Torch Logistics, Inc. focuses on providing short-haul logistics services, managing a reliable network of carriers for freight transportation. Founded in Chicago, US, by Abtin Hamidi, the company has secured USD 3.5 mn in Seed funding led by Maersk Growth. The firm raised its latest funding on April 15, 2021, with participation from various investors, boosting its operational capabilities.Torch Logistics specializes in short-haul logistics, offering a digital platform that enhances freight transportation efficiency for distances ranging from 50 to 550 miles. Their core services include managing a network of reliable short-haul and drayage carriers, providing real-time visibility and capacity through tailored technology. The company primarily serves large shippers in industries such as food and beverage, consumer packaged goods (CPG), and retail, aiming to streamline deliveries and improve supply chain efficiency.Torch Logistics generates revenue through strategic partnerships with shippers and carriers within its short-haul network, operating on a transaction-based model. Revenue sources include service fees associated with logistics solutions, where each client engagement involves the seamless coordination of freight logistics. Pricing structures are designed to meet the specific requirements of shippers and carriers, enhancing the company's attractiveness to top shippers seeking reliable logistics solutions.Following its Seed funding round in April 2021, Torch Logistics, Inc. plans to expand its network and analytics capabilities while enhancing customer service efforts. Although specific new products have not been detailed, the company is targeting further growth within the US logistics market. The recent funding will be utilized to support these initiatives, contributing to improved service delivery and operational efficiency.

## Funding rounds

- Seed, Apr 15, 2021, $3.5M — Supply Chain Ventures, Bluestein Ventures, Anorak Ventures, SaaS Ventures, Schematic Ventures, Maersk Growth

## Investors

- Supply Chain Ventures (https://capitalatlas.ai/funds/supply-chain-ventures) — Seed
- Bluestein Ventures (https://capitalatlas.ai/funds/bluestein-ventures) — Seed
- Anorak Ventures (https://capitalatlas.ai/funds/anorak-ventures) — Seed
- SaaS Ventures (https://capitalatlas.ai/funds/saas-ventures) — Seed
- Schematic Ventures (https://capitalatlas.ai/funds/schematic-ventures) — Seed
- Maersk Growth (https://capitalatlas.ai/funds/maersk-growth) — Seed