Torg Raises €2.7M for Platform Development and Supplier Expansion
Torg Raises €2.7M in Seed Funding
Torg's Seed Funding Round
Key Highlights:
- Seed Funding: Torg, a food sourcing startup based in Berlin, raised €2.7M in a recent funding round.
- Investors: Connect Ventures led the round, with participation from FoodLabs, Sondo, Ventures Together, Sameer Singh, and Jonas Meynert.
- Expansion Plans: Torg aims to use the funds to further develop its platform and expand its supplier database.
Torg's Target Market
- Food Service Industry: Targeting food service product suppliers and buyers, including retail and wholesale buyers in the food and beverage industry.
- Private Label and Foodservice Categories: Connecting buyers with verified manufacturers across various categories, including private label and foodservice.
What Torg Needs to Buy
- Technology Development: Investing in software development and platform enhancements to improve user experience and functionality.
- Supplier Database Expansion: Expanding the database of verified food and beverage manufacturers to provide a wider range of options for buyers.
- Marketing and Sales Support: Engaging with marketing and sales service providers to increase brand awareness and attract more buyers and suppliers to the platform.