Torch, a 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.

First launched in 2019, Torch's technology creates an experience tailored to the specific needs of shipments under 550 miles. Torch provides shippers with more efficient load placement, higher service levels, and better pricing with trusted carriers, and offers carriers a consistent, high volume of loads from quality shippers to maximize asset utilization within their region.