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Torch Capital is a venture capital firm based in New York City, founded in 2018 by Jonathan Keidan. The firm focuses on early-stage investments in technology-driven companies that are reshaping consumer behavior and business operations. Torch Capital has a total AUM of $267 million across two funds, with the latest fund, Fund II, closing at $200 million in March 2023. The firm has established itself as a key player in the venture capital space, particularly in sectors such as fintech, healthcare, consumer internet, and consumer packaged goods (CPG).
Since its inception, Torch Capital has built a portfolio of seven notable companies, emphasizing technology-enabled solutions that drive transformation in consumer and business operations. The firm operates primarily in the United States and has a strong focus on AI-powered companies, which aligns with its investment thesis of enhancing consumer experiences and improving business efficiencies.
Torch Capital targets early to growth stages of company development, specifically in sectors such as fintech, healthcare, consumer internet, consumer infrastructure, and consumer packaged goods (CPG). The firm invests in technology-enabled solutions that drive transformation in consumer and business operations. Check sizes typically range from $250,000 to $3 million, allowing for flexibility in supporting startups at various stages of growth.
The firm has a particular interest in AI-powered companies, emphasizing strong consumer brand potential. Torch Capital seeks to partner with founders who demonstrate a clear vision and the ability to execute their business plans effectively. The firm values innovation and market disruption, looking for companies that can significantly impact their respective industries.
Torch Capital's portfolio includes seven notable companies, showcasing its diverse investment strategy:
Jonathan Keidan - Founder & Managing Partner. Jonathan has a background in venture capital and has led numerous successful investments in technology-driven companies. He is known for his expertise in consumer behavior and market trends.
Sam Jones - Partner. Sam brings extensive experience in early-stage investing and has a strong track record in identifying promising startups across various sectors.
Katie Peykar - Partner. Katie specializes in healthcare investments and has a deep understanding of the healthcare landscape, particularly in direct-to-consumer models.
Chris Harper - Partner. Chris focuses on fintech and consumer internet investments, leveraging his background in technology to support portfolio companies.
Joe Kennedy - Head of Finance. Joe oversees financial operations and fund management, ensuring the firm's financial health and compliance.
Josh Beinhacker - Strategy and Operations. Josh is responsible for operational strategy and supports portfolio companies in scaling their operations effectively.
Jake Moross - Principal. Jake focuses on sourcing new investment opportunities and conducting due diligence on potential portfolio companies.
Allie Molner - Senior Associate. Allie supports the investment team in evaluating startups and managing portfolio relationships.
Uma Chalik - Associate. Uma assists in research and analysis of potential investments, contributing to the firm's decision-making process.
Milly Petkovic - Executive Assistant. Milly provides administrative support to the team, ensuring smooth operations within the firm.
To pitch to Torch Capital, founders should visit their website at torchcapital.vc. It is important to include a comprehensive business plan in the pitch deck, highlighting the unique value proposition and market potential. Torch Capital prefers warm introductions but will also consider direct submissions through their website.
Response times can vary, but founders should expect to hear back within a few weeks. Clear communication and a well-structured pitch can enhance the chances of receiving a timely response.
In March 2023, Torch Capital closed its second fund, Fund II, at $200 million, which will be used to invest in early-stage technology-driven companies. The firm continues to focus on sectors such as fintech, healthcare, consumer internet, and consumer packaged goods (CPG).
Recently, Torch Capital has made significant investments in companies like Acorns and Ro, both of which are leading players in their respective sectors. The firm is actively seeking new opportunities to expand its portfolio and support innovative startups.
What are Torch Capital's investment criteria?
Torch Capital invests in technology-enabled companies that are transforming consumer and business operations. They focus on sectors such as fintech, healthcare, consumer internet, and consumer packaged goods (CPG), targeting early to growth stages of development.
How can I apply or pitch to Torch Capital?
Founders can pitch to Torch Capital through their website at torchcapital.vc. It is recommended to include a clear business plan and demonstrate the potential for market disruption in your pitch.
What makes Torch Capital different from other venture capital firms?
Torch Capital emphasizes strong consumer brand potential and focuses on AI-powered companies. Their expertise in technology and consumer behavior allows them to provide strategic support to portfolio companies, helping them scale effectively.
What is the geographic scope of Torch Capital's investments?
Torch Capital primarily invests in companies based in the United States, focusing on technology-driven solutions across multiple sectors.
What is the typical check size for investments?
Check sizes at Torch Capital typically range from $250,000 to $3 million, allowing for flexibility in supporting startups at various stages of growth.
What kind of post-investment involvement does Torch Capital have?
Torch Capital provides strategic support to its portfolio companies, leveraging its expertise in technology and consumer behavior to help them scale effectively. This includes insights into market trends and investment strategies.
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