Torg - About the company
Torg is a seed company based in Berlin (Germany), founded in 2022 by Hans Kristian Furuseth, Rita Kerbaj, Ben Holdham and Rita Kerbaj. It operates as an Online food and beverage trading platform. Torg has raised $2.93M in funding from Connect Ventures. The company has 23 active competitors, including 6 funded and 1 that has exited. Its top competitors include companies like Tridge, Motatos and Hier app.
Company Details
Online food and beverage trading platform. It is a marketplace for food and beverages businesses, and connects retailers with manufacturers for private label and foodservice sourcing.
- Website
- usetorg.com
- Email ID
- *****@usetorg.com
Key Metrics
Founded Year
2022
Location
Berlin, Germany
Stage
Seed
Total Funding
$2.93M in 1 round
Latest Funding Round
Investors
Ranked
3rd among 23 active competitors
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Torg's funding and investors
Torg has raised a total funding of $2.93M over 1 round. Its latest funding round was a Seed round on Apr 09, 2024 for $*****. 6 investors participated in its latest round. Torg has 4 institutional investors and 2 angel investors.
Here is the list of recent funding rounds of Torg:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Apr 09, 2024 | 2099331 | Seed | 7013917 | 4742380 | 8805559 | 6451408 |
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Torg's founders and board of directors
Founder? Claim ProfileHere are the details of Torg's key team members:
- Hans Kristian Furuseth: Co-Founder & Managing Director of Torg and founder of 1 other company.
- Rita Kerbaj: Co-founder & Chief Commercial Officer of Torg.
- Ben Holdham: Co-Founder of Torg.
- Rita Kerbaj: Co-Founder of Torg.
View details of Torg's Founder profiles and Board Members
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Torg's Competitors and alternates
Top competitors of Torg include Tridge, Motatos and Hier app. Here is the list of Top 10 competitors of Torg, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  Tridge 2015, Seoul (South Korea), Series D | B2B platform connecting buyers and suppliers in the food, agriculture, and marine sectors | $121M | 62/100 | |
2nd | Online retailer of surplus food items to reduce food waste | $130M | 45/100 | ||
3rd | Online food and beverage trading platform | $2.93M | 41/100 | ||
4th | Platform offering procurement solution for grocery retailers | $7.9M | 37/100 | ||
5th | Provider of an app-based business-to-business marketplace platform for fruits and vegetables | $5.22M | 33/100 | ||
6th |  foodcircle 2018, Berlin (Germany), Seed | Provider of digital wholesale platform for organic foods | - | 30/100 | |
7th | Online marketplace for raw materials for the brewing industry | - | 27/100 | ||
8th | Operator of a B2B marketplace platform for the food industry | - | - | 25/100 | |
9th | Provider of retail store aggregating solution for businesses | $64.7M | 24/100 | ||
10th | Online store for baking ingredients | - | - | 24/100 |
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Torg's Investments and acquisitions
Torg has made no investments or acquisitions yet.
Reports related to Torg
Here is the latest report on Torg's sector:
News related to Torg
•
Torg secures 2.7 million euros in seed roundStartbase•Apr 09, 2024•Torg, Connect Ventures, FoodLabs, Sondo Capital and 1 other
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