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Maersk Growth among investors in Torch short-haul freight network

Maersk Growth and several venture-capital companies have together invested $3.5m in Torch, a 3PL platform focused on the short-haul segment. The seed funding is intended to enable Torch to expand its network and analytics capabilities, as well as its customer-service efforts.

Launched in 2019, Torch connects high-volume shippers with a network of specialist short-haul carriers.

“Rising consumer expectations require faster deliveries and inventory positioned closer to consumers. Torch is the first network to launch with both a commitment to the short-haul category and technology purpose-built for the short-haul industry,” said Abtin Hamidi, founder and CEO of the company.

Maersk Growth, the corporate venture arm of A.P. Moller – Maersk, invests in new business models and technologies to transform global supply chains. It works with startups that are tackling complex challenges to help shape the future of trade.

“Torch is a great addition to our portfolio, addressing major inefficiencies in short-haul logistics, and we look forward to partnering with them on their exciting proposition and more-sustainable short-haul services,” said Peter Votkjaer Jorgensen, a partner at Maersk Growth.

Torch joins more than 20 other startups in Maersk Growth’s portfolio, which invests in three areas: smart logistics technologies, trade enablement and environmental sustainability.

Kim Biggar

Kim Biggar started writing in the supply chain sector in 2000, when she joined the Canadian Association of Supply Chain & Logistics Management. In 2004/2005, she was project manager for the Government of Canada-funded Canadian Logistics Skills Committee, which led to her 13-year role as communications manager of the Canadian Supply Chain Sector Council. A longtime freelance writer, Kim has contributed to publications including The Forwarder, 3PL Americas, The Shipper Advocate and Supply Chain Canada.
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