Gunderson Dettmer represented client Torch Capital in the formation of its $200 million fund. The new fund will be used to invest in early-stage disruptive tech-enabled brands and platforms that are shifting consumer behavior and powering the consumer ecosystem. Torch invested early in some of the fastest growing companies across the consumer ecosystem, including Ro (Roman), Acorns, Highsnobiety (acquired by Zalando), Tia, Naadam, Rho Banking, Sollis Health, and Lili Bank. 

In the announcement of the fund formation, Torch capital founder and managing partner Jonathan Keidan said, “Consumer markets remain one of the largest and most disruptable spaces in the world. As technology evolves, consumer behavior is constantly shifting, creating huge opportunities to build value in more parts of their lives than ever before. We back companies transforming entire consumer verticals, using technology to make products and services more accessible, transparent, and affordable.”

The Gunderson Dettmer deal team was led by Brian Hutchings and included Sasha Benincasa.

Companies
Torch Capital