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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 boundaries of supply chain networks,” said Torch CEO and Founder Abtin Hamidi. “Over the past decade,...

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 platform that creates an experience tailored to the specific needs of shipments under 550 miles. Additi...

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 analog supply and digital demand will create the biggest competitive advantage in the supply chain. Custo...

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 Pandion aims to help major retailers offer affordable one- and two-day deliveries and compete with his f...