Torch Logistics, based in Chicago, has closed an $850,000 pre-seed equity funding round led by Schematic Ventures of San Francisco. Torch believes it is the first and only digital freight marketplace and matching platform to be purposefully built to address the short-haul market.
Yesterday’s fast is today’s normal when it comes to shipping and delivery. It also stands to reason that today’s fast will become tomorrow’s normal as e-commerce stretches the boundaries of supply chain networks. Rising...