Torch

Torch

Leadership development through coaching and software

About Torch

Simplify's Rating
Why Torch is rated
A-
Rated A on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

Industries

Consulting

Enterprise Software

Education

Company Size

201-500

Company Stage

Series C

Total Funding

$81.6M

Headquarters

San Francisco, California

Founded

2017

Overview

Torch focuses on leadership development by combining coaching with a software platform designed for enterprises. The platform uses behavioral science to provide leadership assessments that help individuals evaluate their strengths and weaknesses through anonymous feedback from colleagues. This process allows leaders to set personalized goals and track their growth over time. Torch generates revenue through subscription-based access to its platform and virtual coaching sessions, where clients receive tailored one-on-one coaching from experienced professionals. A key feature of Torch is its HR Dashboard, which offers organizations insights into team growth and progress. The company aims to systematically develop leaders at all levels to enhance overall business performance.

YC Company
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Simplify's Take

What believers are saying

  • Increased demand for virtual coaching as remote work becomes more prevalent.
  • Growing interest in personalized leadership development aligns with Torch's model.
  • Focus on diversity and inclusion in leadership roles offers Torch new opportunities.

What critics are saying

  • Increased competition from AI-driven coaching platforms threatens market share.
  • Economic downturns could lead to budget cuts in HR and professional development.
  • Data privacy concerns may lead to regulatory challenges for Torch.

What makes Torch unique

  • Torch integrates behavioral science with coaching for personalized leadership development.
  • The platform offers scientifically validated leadership assessments and anonymous feedback.
  • Torch boasts a 96% coach match success rate, ensuring high client satisfaction.

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Funding

Total Funding

$81.6M

Below

Industry Average

Funded Over

4 Rounds

Notable Investors:
Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.
Series C Funding Comparison
Below Average

Industry standards

$50M
$40M
Torch
$50M
Medium
$62M
SeatGeek
$100M
Oura

Benefits

Medical, dental, and vision insurance

401k Retirement Plan

Paid parental leave

Flexible vacation

Infrastructure to support a remote and distributed team

Generous professional development stipend

Growth & Insights and Company News

Headcount

6 month growth

-13%

1 year growth

-7%

2 year growth

-6%
GeekWire
Mar 29th, 2023
The Hurdles Women-Founded Startups Face In Venture Capital — And Advice To Overcome Them

Leslie Feinzaig (left), Graham Walker founder and managing director, and Charlotte Newman, head of global business development, underrepresented founders and investors, Amazon Web Services. They spoke during a fireside chat at the AWS Startups Female Founder Showcase last week in Seattle. (GeekWire Photo / Nate Bek) Don’t be scared to pitch big.That’s the advice Graham Walker Founder and Managing Director Leslie Feinzaig said she would give to women looking to navigate the world of venture capital.“We tend to want to under promise and over deliver,” she said, speaking at the Female Founders Showcase hosted last week at the Amazon headquarters in Seattle’s South Lake Union. “Venture capital is not the place to do that.”Just 2.1% of total capital invested in U.S. venture-backed startups in 2022 went to companies founded solely by women, according to a report by PitchBook. That’s down from the 2.4% invested in all-women founding teams in 2021.Women often face dismissal and have to jump through hoops to get the attention of investors, said Charlotte Newman, head of global business development, underrepresented founders and investors, Amazon Web Services.Venture capitalists tend to ask more risk-based questions rather than express enthusiasm while getting a pitch from a woman, she said.As women founders look to navigate the venture capital world, Feinzaig said she would give women founders three pieces of advice:

PRWeb
Jan 24th, 2023
Torch-Sponsored Harvard Business Review Analytics Services Study On Le

This Torch-sponsored Harvard Business Review Analytics Services research shows near unanimous agreement that architected, relationship-based leadership development, leveraging tech-enabled coaching and mentoring, is a groundbreaking new practice for organizations of all sizes. .

PRWeb
Oct 25th, 2022
New Torch Survey Reveals Strong Link Between Coaching/Mentoring And Em

When leaders have insight into what's happening inside their organizations, this can have a big impact on what gets invested in, and what doesn’t. Research published by Torch, a leading people development platform that harnesses the power of trusted relationships to fuel employee growth and success, has highlighted a strong link between the provision of coaching and mentoring and employers’ ability to retain talent

VC News Daily
May 24th, 2022
Torch Secures $40M In Series C

SAN FRANCISCO, CA, Torch, a people development platform, announced a $40 million Series C financing round, led by 137 Ventures.

Torch
May 23rd, 2022
Torch received financing of $40M in Series C financing round on May 23rd 22'.

Torch, a leading people development platform that harnesses the power of trusted relationships to fuel employee growth and success, today announced a $40 million Series C financing round, led by 137 Ventures.

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