Torg – Seed Financing (€2.7m)

What is this episode about?

Rethinking the food market: In this episode, experts Björn Loose, Partner at Cavalry Ventures, and Stephan Jacquemot, Investment Partner at TS Ventures, analyze the financing rounds of Torg: The Berlin-based B2B startup Torg raised €2.7 million in its seed round for its platform that uses machine learning to optimize the food procurement process by connecting suppliers and buyers. Investors in Torg's seed round include Connect Ventures, existing investor FoodLabs, and new investors Sondo, Ventures Together, Sameer Singh, and Jonas Meynert, co-founder of Lanch. The funding will be used to further develop the platform, expand the supplier database, and build more intuitive buyer tools. Torg's founders Hans Kristian Furuseth, Ben Holdham, and Rita Kerbaj aim to democratize the private-label products market and create more transparent supply chains.

About Stephan Jacquemot

Stephan Jacquemot is Investment Partner at TS Ventures. Before joining TS Ventures, he led Microsoft's startup activities in EMEA. He is also the founder of the Microsoft Accelerator in Berlin. TS Ventures, led by Tim Schumacher and Stephan Jacquemot, invests in startups from pre-seed to Series A, particularly in SaaS, AdTech, marketplaces, and impact, with initial investments starting at €200,000. The firm actively supports its portfolio companies with strategic decisions, business development, and scaling. Their portfolio includes over 20 companies, including Ecosia and Zolar.

About Björn Loose

Björn Loose is a Partner at Cavalry Ventures. He has been part of the early-stage investor's team since its founding in 2016. Previously, he launched his own entrepreneurial side projects and supported founding teams in their early days. As an engineer, Björn uses his interdisciplinary knowledge to support companies across various industries including proptech, healthtech, and procuretech. Cavalry Ventures is a Berlin-based pre-seed and seed venture capital investor. Cavalry supports European startups in enterprise and consumer software that contribute to a better future. Founded in 2016, Cavalry has invested in more than 50 companies across multiple funds. Notable investments include Aleph Alpha, Flip, Forto, PlanRadar, Spread, and Usercentrics.