What is Torch?
Founded in 2019 and headquartered in Illinois, Torch Logistics operates as a digital third-party logistics (3PL) provider specializing in short-haul drayage. The company addresses the inherent inefficiencies of regional freight by assembling a curated network of reliable carriers. Their platform provides shippers with real-time visibility, enhanced safety protocols, and guaranteed capacity, effectively bridging the gap between traditional freight brokerage and modern software-as-a-service solutions. By targeting the specific pain points of short-haul lanes, Torch has carved out a defensible niche in the broader logistics ecosystem.
How much funding has Torch raised?
Torch has raised a total of $4.3M across 2 funding rounds:
Other Financing Round
$850K
Angel/Seed
$3.5M
Other Financing Round (2020): $850K with participation from SaaS Ventures, Interloop Ventures, and Schematic Ventures
Angel/Seed (2021): $3.5M led by Schematic Ventures, Supply Chain Ventures, Bluestein Ventures, Maersk, and Anorak Ventures
Key Investors in Torch
Supply Chain Ventures
Supply Chain Ventures is a specialist investment partnership backing founders who build innovative logistics and data platforms, combining deep supply chain experience with patient capital to help young software companies scale operations across global trade networks.
Anorak Ventures
Anorak Ventures Inc is a venture capital firm. It focuses on the areas of virtual and augmented reality, robotics, autonomous vehicles, deep learning and artificial intelligence sectors. The company was established in 2016 and is based in California, United States.
Schematic Ventures
Schematic Ventures is a venture capital firm that focuses on early-stage investments in supply chain, manufacturing, and commerce infrastructure technology.
What's next for Torch?
With this major strategic investment, Torch is well-positioned to accelerate its product development roadmap and expand its carrier network density. The company is expected to leverage these funds to enhance its algorithmic matching capabilities and deepen its integration with enterprise-level supply chain management systems. As the logistics industry continues to prioritize resilience and transparency, Torch's focus on data-driven short-haul operations provides a scalable foundation for long-term market leadership. Future growth will likely center on scaling its digital infrastructure to meet the increasing demand for reliable, real-time freight solutions across the United States.
See full Torch company page
