The fund was raised in just three months and includes investments from notable limited partners such as Tony Xu, CEO of DoorDash, and Laurene Powell Jobs, founder of Emerson Collective. Torch Capital's portfolio includes companies such as fitness app Tempo, skincare brand Versed, and sneaker marketplace GOAT.
The success of Torch Capital's fundraising efforts highlights the continued interest in early-stage startups, particularly in the consumer and software sectors. The involvement of high-profile investors could also attract more attention to Torch Capital and its portfolio companies.
