Torchlite Hits Revenue Milestone

Posted: Updated:
INDIANAPOLIS -

After less than a year in business, Indianapolis-based Torchlite has hit another milestone. The digital marketing firm, which recently announced an expansion involving up to 140 jobs, is reporting $2 million in annual recurring revenue.

The announcement comes as Torchlite launches an upgrade to its digital marketing platform, which it says will improve communication between businesses and outside talent. The upgrade gives customers real-time notifications regarding the status of their marketing campaigns.

Torchlite recently expanded its freelance network to more than 500 digital marketing specialists who go through a vetting process before being able to showcase their skills.

"A lot of young companies look to establish proof-of-concept through beta tests with their customers, but we turned the microscope on ourselves," said Shawn Herring, co-founder of Torchlite. "We assembled a team of Torchliters who had the skills we needed and they’ve been the primary engine driving our growth since day one."

The announcement is the latest example of the company's growth since launching in November. More than a month after starting up, Torchlite had already announced it had reached $1 million in annual recurring revenue.

  • Perspectives

    • Culp worries that newly-elected officials will "absorb the message that TIF is bad."

      Top Five Out-of-Site Trends in Site Selection

      Whenever anyone asks me about my job, their first question is usually "what are the big trends in your industry?" Just kidding. Their first question is "you do what now?" But once we get past that they want to know what factors are driving our clients' decisions.

    More

Events



  • Most Popular Stories

    • Purdue Fort Wayne Unveils New Sports Branding

      Purdue University Fort Wayne has unveiled a new look for its sports teams. The university says it will continue to use the Mastodon as its mascot, however a new logo and color scheme will be used to better match with the Purdue brand.

    • Delta Begins Nonstop to Seattle

      Delta Air Lines now offers a nonstop flight from Indianapolis International to Seattle-Tacoma International Airport. The first flight leaving Monday night will be a milestone for the Indy airport, since it will now connect to all Delta hubs in the U.S. 

    • Culp worries that newly-elected officials will "absorb the message that TIF is bad."

      Top Five Out-of-Site Trends in Site Selection

      Whenever anyone asks me about my job, their first question is usually "what are the big trends in your industry?" Just kidding. Their first question is "you do what now?" But once we get past that they want to know what factors are driving our clients' decisions.

    • Ohio River Crossing Updates Prove More Costly

      The I-69 Ohio River Crossing Project Team has unveiled updated preliminary alternatives for I-69 bridge and interstate connections that come with higher price tags. The group says the changes on the Evansville-to-Henderson, Kentucky project were based in part on public input on factors ranging from routes to tolling.

    • Ball Brothers Foundation Awards Millions in Grants

      Over 30 organizations have been awarded more than $3.2 million in the first round of 2018 grants for the Ball Brothers Foundation. The foundation has awarded no less than $6.3 million per year to various organizations since 2013. T