Torch Overview
- Year Founded
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2019
- Status
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Out of Business
- Employees
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22
- Latest Deal Type
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Out of Business
Torch General Information
Description
Developer of a short-haul freight network platform designed to optimize regional and drayage transportation. The company's platform offers a dedicated network of short-haul and drayage carriers, instant capacity access, real-time visibility tools, and purpose-built technology for regional freight, enabling large shippers across industries such as food and beverage, consumer goods, and retail to move time-sensitive loads efficiently.
Contact Information
Website
www.torch3pl.comCorporate Office
- 1046 West Kinzie Street
- Suite 3
- Chicago, IL 60642
- United States
Corporate Office
- 1046 West Kinzie Street
- Suite 3
- Chicago, IL 60642
- United States
Torch Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 4. Out of Business | 12-Mar-2026 | Completed | Out of Business | |||
| 3. Later Stage VC | 01-Feb-2024 | Completed | Generating Revenue | |||
| 2. Seed Round | 30-Sep-2022 | $4M | Completed | Generating Revenue | ||
| 1. Seed Round | 15-Apr-2021 | $4M | $4M | Completed | Generating Revenue |
Torch Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Seed-2 | ||||||||
| Seed-1 |
Torch Comparisons
Industry
Financing
Details
Torch Competitors (2)
One of Torch’s 2 competitors is Cargomatic, a Formerly VC-backed company based in Long Beach, CA.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Cargomatic | Formerly VC-backed | Long Beach, CA | ||||
| GoShare | Venture Capital-Backed | San Diego, CA |
Torch Related Research & Analysis
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Torch FAQs
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When was Torch founded?
Torch was founded in 2019.
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Where is Torch headquartered?
Torch is headquartered in Chicago, IL.
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What is the size of Torch?
Torch has 22 total employees.
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What industry is Torch in?
Torch’s primary industry is Logistics.
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Is Torch a private or public company?
Torch is a Private company.
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What is Torch’s current revenue?
The current revenue for Torch is .
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How much funding has Torch raised over time?
Torch has raised $4M.
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Who are Torch’s competitors?
Cargomatic and GoShare are competitors of Torch.
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