Torg is a technology company.
Torg has raised $3.0M across 1 funding round.
Torg has raised $3.0M in total across 1 funding round.
Torg is a Berlin-based B2B technology company that digitizes product sourcing for the food & beverage sector, operating an AI-powered marketplace that connects retail and wholesale buyers with a large database of verified manufacturers and suppliers, streamlining discovery, communication, negotiation and financing for private-label and foodservice sourcing[1][3].
High-Level Overview
Torg’s core offering is an AI-driven sourcing platform that helps buyers find and engage certified food & beverage manufacturers rapidly by matching product requests to suppliers from a large verified database[1][2]. The platform is used by retail and wholesale buyers and by manufacturers/suppliers; buyers can post a product request in minutes and receive multiple supplier quotes, while suppliers get matched and surfaced to relevant demand[3][2]. Torg positions itself to reduce time and cost in sourcing, increase supply‑chain transparency, and democratize access to manufacturers beyond traditional trade‑fair discovery[1][2].
Origin Story
Torg was founded by Hans Kristian Furuseth, Ben Holdham and Rita Kerbaj after the founders encountered sourcing and supplier‑verification problems during prior roles at companies including Zalando, Delivery Hero, Just Eat Takeaway and Farmasiet[1][3]. The team built the product to leverage recent advances in AI to handle large, unstructured supplier datasets and to digitize a process traditionally dominated by annual trade shows and manual research[1][3]. Early traction included quickly assembling a large verified supplier base (reported at 100,000+ suppliers within about 14 months) and rapid buyer adoption driven by fast quote turnaround and demonstrable cost savings in pilot use cases[1][2].
Core Differentiators
Role in the Broader Tech Landscape
Torg is riding several converging trends: the digitization of B2B procurement, growing demand for supply‑chain transparency and certifications in food, and rapid adoption of AI for handling unstructured data and matching problems[1][3]. Timing matters because buyers increasingly seek private‑label differentiation and resiliency in supply chains while sellers (manufacturers) look for low‑friction access to demand; Torg’s platform addresses both sides by scaling discovery beyond the limited reach of trade fairs[1][2]. Market forces in Torg’s favor include retailer/wholesaler pressure to reduce costs and own supply chains, greater regulatory and consumer focus on provenance, and technological maturity in AI that allows practical indexing and matching of large supplier datasets[1][3].
Quick Take & Future Outlook
Torg’s near‑term path is likely to focus on (1) expanding and further validating its supplier and buyer network across more product categories and geographies, (2) enhancing AI agents and automation to reduce friction in negotiation and procurement workflows, and (3) adding services (e.g., financing, certification verification, logistics integrations) that deepen platform value and drive monetization beyond free listings[3][6]. If Torg sustains growth in verified suppliers and buyer adoption, it could materially shift how private‑label and foodservice sourcing is done by reducing reliance on trade shows and specialist consultants and by increasing supply‑chain transparency; success will depend on maintaining data quality, trust in supplier verification, and demonstrating consistent economic benefit to both buyers and suppliers[1][2][4].
If you’d like, I can: (a) draft a one‑page investor‑style summary with metrics and risks, (b) compare Torg to competitive players in foodtech B2B marketplaces, or (c create a short pitch deck outline highlighting growth KPIs and TAM assumptions. Which would you prefer?
Torg has raised $3.0M in total across 1 funding round.
Torg's investors include 7percent Ventures, Atlantic Food labs, Big Sky Health, Coinbase Ventures, Connect Ventures, Creative Juice, Dutch Founders Fund, ENIAC Ventures, Jenny Fielding, Scott Hartley, Exponent Founders Capital, Firstminute Capital.
Torg has raised $3.0M across 1 funding round. Most recently, it raised $3.0M Seed in April 2024.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Apr 1, 2024 | $3.0M Seed | 7percent Ventures, Atlantic Food labs, Big Sky Health, Coinbase Ventures, Connect Ventures, Creative Juice, Dutch Founders Fund, ENIAC Ventures, Jenny Fielding, Scott Hartley, Exponent Founders Capital, Firstminute Capital, Freestyle Capital, Future Africa, General Catalyst, Luno Expeditions, Norrsken VC, Precursor Ventures, QED Investors, Quona Capital, Speedinvest, Stellar Capital, Tekton Ventures, The Community Fund, Vera Equity, Andre Mohamed, Brad Garlinghouse, Charles Delingpole, David de Picciotto, Eric Hahn, Gabriel Weinberg, Iqram Magdon-Ismail, Jason Gardner, Jason Goldberg, Mathias Ockenfels, Richard Chen, Tom Blomfield, Trevor Noah |