Torch Labs
Financials
Estimates*
USD | 2019 | 2020 |
---|---|---|
Revenues | 28.2m | 41.5m |
% growth | - | 47 % |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
$2.4m | Seed | ||
N/A | Seed | ||
$10.0m | Series A | ||
N/A | $6.5m | Series A | |
$25.0m | Series B | ||
* | $40.0m | Series C | |
Total Funding | $83.9m |
Recent News about Torch Labs
EditTorch.io is a startup that specializes in leadership development through a combination of coaching and software. The company operates in the human resources (HR) and professional development market, targeting enterprises that need to cultivate strong leaders at all levels. Torch.io serves a variety of clients, including CEOs, founders, and HR departments, who are looking to enhance their leadership capabilities and align them with their company's cultural and strategic goals.
Torch.io's business model revolves around providing a tech-enabled platform that integrates behavioral science with personalized coaching. The platform offers leadership assessments that are scientifically derived and validated, allowing leaders to evaluate themselves and receive anonymous feedback from their colleagues. This helps identify hidden strengths and blind spots, enabling the setting of personalized goals to track both individual and team growth.
The company makes money by offering subscription-based access to its platform and coaching services. Clients pay for virtual coaching sessions where leaders receive one-on-one coaching tailored to their specific needs and aligned with the company's broader objectives. Torch.io's coaches are highly credentialed professionals with real-world business experience, ensuring high-quality guidance. The company boasts a 96% coach match success rate, indicating high client satisfaction.
Torch.io's HR Dashboard provides transparency into the continual growth velocity of teams, making it easier for organizations to monitor progress and make informed decisions. By systematically and customizably developing leaders, Torch.io helps businesses grow their leadership capacity, which in turn supports overall business growth.
Keywords: leadership development, coaching, HR software, behavioral science, leadership assessment, virtual coaching, enterprise solutions, team growth, personalized coaching, professional development.