Page 3 - Schematic Ventures News Today

Torch Raises $3.5M Seed Funding Led by Maersk Growth Torch, the first short-haul freight network, announced the close of a $3.5 million seed round led by Maersk Growth, with participation from Schematic Ventures, Bluestein Ventures, Anorak Ventures, Supply Chain Ventures, and SaaS Ventures. Additionally, Torch announced Mike Bosch and Robert Baggio have joined its executive team. “The pandemic has accelerated the already growing demand for reliable short-haul capacity, and stretched the bound...

Torch, a Chicago, IL-based short-haul freight network company, closed a a $3.5m seed funding round. The round was led by Maersk Growth, with participation from Schematic Ventures, Bluestein Ventures, Anorak Ventures, Supply Chain Ventures, and SaaS Ventures. The company intends to use the funds to expand its network and analytics capabilities, as well as customer service efforts. Led by CEO and Founder Abtin Hamidi, Torch provides blue-chip clients across the country with a technology plat...

Mercado helps importers nail the first mile — supply chain’s longest mile Final-mile transformation coupled with a ‘challenging’ international landscape make transforming the first mile imperative 58 5 minutes read Mercado digitizes the entire import supply chain, connecting the supply and demand sides of global supply chains. Image: Mercado Labs A product that arrives on your doorstep in four days takes four months to get to the United States. Bridging that gap between analo...

El Intransigente Scott Ruffin’s startup, Pandion, aims to ease delivery cost and congestion for the competition. Compártelo: Scott Ruffin was trying to make Amazon.com Inc. a shipping powerhouse. He spent five years building out home-delivery operations for the e-commerce giant, reducing its dependence on services such as FedEx Corp. and United Parcel Service Inc. Now Ruffin wants to do it on his own. Introduced in stealth mode in September with $5 million in seed funding, his startup Pand...