Torch Capital, a venture capital firm based in New York City, recently announced that it has raised more than $200 million in a new funding round for its Fund II. The firm has the backing of several prominent investors, including Silas Chou, James Murdoch, Bob Pittman, Bob Hurst, Brynn Putnam, Diplo, and Jenny Fleiss.
Torch Capital, which focuses on investing in tech-enabled consumer brands, platforms, and infrastructure layers, is led by veteran entrepreneur and investor Jonathan Keidan. The firm invests in companies that are mission-driven and aim to improve accessibility, transparency, and convenience for consumers. Torch’s investment strategy centers around a company’s ability to create and maintain deep relationships with its customers.
The Torch Capital team brings together its expertise in investing, operating, and building brands to help entrepreneurs identify, nurture, and scale their audience. With a focus on trust and loyalty, Torch has seen early success across Fund II with notable seed investments such as Embed and Little Otter.
Torch Capital has a history of investing early in some of the fastest-growing companies across the consumer ecosystem. The firm has already invested in Ro (Roman), Acorns, Highsnobiety (which was acquired by Zalando), Tia, Naadam, Rho Banking, Sollis Health, and Lili Bank.
With more than $400 million in assets under management, Torch Capital is well-positioned to support founders from seed through early-growth stages. The firm’s success highlights the growing importance of investing in companies that prioritize consumer relationships and strive to make a positive impact on society.