When was Torch Logistics founded?

Torch Logistics was founded in 2018 and raised its 1st funding round 2 years after it was founded.

Where is Torch Logistics located?

Torch Logistics is headquartered in Chicago, United States.

Who is the current CEO of Torch Logistics?

Abtin Hamidi of Torch Logistics.

How many employees does Torch Logistics have?

As of Aug 31, 2026, the latest employee count at Torch Logistics is 18.

Is Torch Logistics a funded company?

Torch Logistics is a funded company, having raised a total of $4.93M across 3 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Oct 14, 2020.

When was the latest funding round of Torch Logistics?

Torch Logistics' latest funding was a $***** Conventional Debt round on Apr 15, 2021, with participation from 0 investor. Its primary sector is Logistics Tech. In United States, the Logistics Tech sector has seen $3.73B in funding in 2026 to date.

Where does Torch Logistics rank among its competitors?

Torch Logistics ranks 4th amongst 22 active competitors, of which 4 are funded. It stands 4th in terms of total funding among its competitors. The most recent competitor to raise funding was DrayNow, which secured $8M in Sep, 2023.

Who are the top competitors of Torch Logistics?

Torch Logistics' top competitors include DrayNow, Mothership Technologies and Dray Alliance. Among them, DrayNow secured the most recent funding round in September, 2023.

Torch Logistics - 2026 Company Profile, Team, Funding & Competitors

Company Details

Provider of technology-driven logistics solutions specializing in short-haul freight services. The company focuses on creating efficiency within the supply chain. It offers a network designed to provide capacity and real-time visibility. The company provides services for various industries, offering tools and services to navigate the short-haul network.

Key Metrics

Founded Year

2018

Location

Chicago, United States

Stage

Seed

Total Funding

$4.93M in 3 rounds

Latest Funding Round

Conventional Debt, Apr 15, 2021, $*****

Investors

Schematic Ventures & 8 more

Ranked

4^th among 22 active competitors

Employee Count

18 as on Aug 31, 2026

Similar Companies

Infraprime Logistics Technologies & 160 more

View Torch Logistics' full profile

Torch Logistics has raised a total funding of $4.93M over 3 rounds. Its first funding round was on Oct 14, 2020. Torch Logistics has 9 institutional investors.

Here is the list of recent funding rounds of Torch Logistics:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Apr 15, 2021	9925780	Conventional Debt	1067242	4516672	6946432	2517188
Apr 15, 2021	1126139	Seed	2059144	5994782	5415056	Schematic Ventures & 4 more
Oct 14, 2020	2817376	Seed	9086237	5786967	Schematic Ventures	SaaS Ventures & 1 more

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View details of Torch Logistics's funding rounds and investors

The founders of Torch Logistics is Abtin Hamidi.

Here are the details of Torch Logistics' key team members:

Abtin Hamidi: Founder & CEO of Torch Logistics and founder of 1 other company.

View details of Torch Logistics's Founder profiles and Board Members

Torch Logistics' employee count trend

Torch Logistics has 18 employees as of Aug 26. Here is Torch Logistics's employee count trend over the years:

Employee count trend for Torch Logistics

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Top competitors of Torch Logistics include DrayNow, Mothership Technologies and Dray Alliance. Here is the list of Top 10 competitors of Torch Logistics, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	DrayNow 2015, Philadelphia (United States), Series B	Online marketplace for intermodal freight carriers and brokers	$15M	Norfolk Southern Corp, Comcast Ventures & 5 others	49/100
2nd	Mothership Technologies 2017, Los Angeles (United States), Series C	Online platform for booking trucks	$76M	Benchmark, WestCap & 4 others	49/100
3rd	Dray Alliance 2016, Lakewood (United States), Acquired	AI-enabled online marketplace for container drayage services	$55.1M	Craft Ventures, Headline & 18 others	48/100
4th	Torch Logistics 2018, Chicago (United States), Seed	Provider of technology-driven logistics solutions specializing in short-haul freight services	$4.93M	SaaS Ventures, Maersk Growth & 7 others	44/100
5th	Dude 2014, Santa Barbara (United States), Unfunded	Online platform for booking trucks	-	-	43/100
6th	PockitShip 2014, Virginia (United States), Deadpooled	On-demand pickup for heavy goods	$1.7M	Center for Innovative Technology, Edgewater Equity	35/100
7th	Qwqer 2016, El Segundo (United States), Funding Raised	Online platform for delivery using trucks	-	Tanncam Investment	32/100
8th	Aespada 2018, Singapore (Singapore), Unfunded	Digitalization of material logistics & workers for construction sites	-	-	28/100
9th	BookYourCargo 2007, West Long Branch (United States), Unfunded	Online marketplace providing drayage services	-	-	26/100
10th	Ruckit 2014, Houston (United States), Acqui-Hired	Marketplace for dump truck drivers and contractors	-	Dreamit, Capital Factory	26/100