Torchlite is now reporting $2 million in annual recurring revenue. They also announced expansion plans that include adding 140 new positions within the company last month. 316 Investments participated in $1,500,000 Second Seed round of funding with Indianapolis-based Torchlite in May of 2016. 316 Investments participated in the initial investment phase when Torchlite launched in November of 2015, introducing a whole new method to digital marketing. Using a streamlined approach, Torchlite and their digital marketing specialists allow businesses to control their web footprint with simple, effective yet ground-breaking solutions.
Another Torchlite Milestone
