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Torg
Torg is a digital platform digitizing product sourcing for the food and beverage industry, utilizing AI to streamline procurement. It connects retail and wholesale buyers with over 200,000 verified…
Torg
Torg is a digital platform digitizing product sourcing for the food and beverage industry, utilizing AI to streamline procurement. It connects retail and wholesale buyers with over 200,000 verified…
TL;DR
What: AI-powered B2B procurement marketplace for food & beverage sourcing
Scale: Platform lists over 200,000 verified F&B suppliers (company claims)
Team size: 28 employees (reported)
Funding: Seed round in April 2024; total funding reported USD 2,930,000
Headquarters: Berlin, Germany
Company Overview
Problem Domain
Inefficient manual sourcing and procurement in the food & beverage industry, especially for private label and foodservice categories.
Industry
Food & Beverage; B2B marketplace; Procurement SaaS
Funding Track Record
Round reported April 2024 with participation from FoodLabs, Ventures Together and Sondo Capital
Investor Signal
“Lead investor Connect Ventures with participation from FoodLabs, Ventures Together and Sondo Capital”