Torg raises funding for AI-powered platform for ingredient sourcing

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Investments & Acquisitions

Torg Raises €2.7M for AI-Powered Platform Matching Buyers With Food Suppliers

German startup Torg has closed an oversubscribed €2.7 million seed funding round for its AI-powered platform, which helps food service and private label buyers connect with food and beverage suppliers. Torg features a database of more than 100,000 verified suppliers, over ten times more than are present at major trade fairs such as Anuga and SIAL. The platform streamlines supplier discovery, communication, negotiation, and financing to make the sourcing process as simple as possible. It features several product categories, including a vegan category with 282 suppliers. In just two minutes, buyers can set up a product request and distribute it to hundreds of manufacturers. The supplier database features profiles, certifications, product capabilities, and contact information for the manufacturers; Torg claims that handling these large unstructured …

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