Toro TMS

HQ
Chicago
80 Total Employees
25 Product + Tech Employees
Year Founded: 2020

Toro TMS Company Growth, Stability & Outlook

Updated on October 26, 2026

What People Are Saying About Toro TMS

  • Investor Backing & Capital Strength: Investor support is evident with an oversubscribed Series B that brought total funding to nearly $50 million from firms including Partners Fund, Altos Ventures, and Waybury Capital. This capital base supports the company’s ability to expand operations and go-to-market efforts.
  • Market Expansion: Customer presence is described as spanning all four U.S. time zones, alongside an expanding set of published customer stories across bulk-hauling operators. This points to growing commercial reach within its target segment.
  • Strong Hiring & Retention: Active hiring across engineering, sales, and implementation, plus multiple snapshots placing headcount roughly in the 80–106 range, indicate ongoing team expansion. A reported addition of 21 sales development representatives, growing that team from 11 to 32, underscores investment in customer acquisition.