Torch, a San Francisco, CA-based leading people development platform that harnesses the power of trusted relationships to fuel employee growth and success, has announced a $40 million Series C financing.
The round was led by 137 Ventures and with full participation from existing investors including Norwest Venture Partners and Obvious Ventures.
The additional funding will help in accelerating market demand by expanding its product capabilities, ensuring strong partnerships with its customers, and scaling its operations.
Company: Redfish Labs, Inc
Round: Series C
Funding Month: May 2022
Lead Investors: 137 Ventures
Additional Investors: Norwest Venture Partners, Obvious Ventures
Company Website: https://torch.io/
Software Category: Leading people development platform
About the Company: Torch is a fast-growing, mission-driven SaaS startup comprised of people who are passionate about helping leaders, their teams, and their organizations achieve their full potential. Torch is a leading people development platform that harnesses the power of trusted relationships. By combining coaching, mentoring, and collaborative learning in an integrated platform, Torch helps leading brands like American Express, Allstate, and Reddit, design programs that drive the success of their people—and their organization. Torch’s mission has always been to use the power of trusted relationships to fuel professional development through one-on-one coaching, mentoring, and group learning.