+30%

est. 2Y upside i

HR TechSeries C

Rank

#1365

Sector

HR Tech

Est. Liquidity

~5Y

Data Quality

Data: Low

Torch is a mature Series C company with $71.8M ARR and 21.9% growth, but faces fierce competition and a stale valuation.

Last updated: July 3, 2026

Bull (10%)+115%

Multiple holds at 10x on $93.9M revenue as Praxis Labs acquisition drives AI differentiation and IPO window opens, yielding exit ~$939M. Net of 20% dilution, upside ~115%.

Base (45%)+68%

Multiple converges to 8x on $93.9M revenue as growth moderates, yielding exit ~$751M. Net of 20% dilution, upside ~68%.

Bear (45%)-26%

Multiple compresses to 4x on $93.9M revenue due to intense competition from BetterUp and CoachHub, yielding exit ~$376M. Net of 20% dilution, downside ~26%.

Est. time to liquidity~4.5 years

Preference Stack Risk

high

Funding Intensity

24%

Total funding of $96.5M represents 24% of estimated entry valuation, a significant overhang for common stock.

Dilution Risk

high

Likely need to raise capital within 24 months given last round in 2022 and moderate growth, expecting 15-25% dilution.

Secondary Liquidity

none

No secondary market activity reported; equity is illiquid until a liquidity event.

Questions to Ask at the Interview

Strategic questions based on Torch's data — designed to show you've done your homework.

  • 1

    “How do you differentiate Torch's coaching platform from BetterUp's AI-driven approach?”

  • 2

    “What is the unit economics (LTV/CAC) for your B2B subscription model?”

  • 3

    “Given the stale valuation and no recent secondary, what is the expected liquidity timeline for equity?”

Community

Valuation Sentiment

Our model estimates +30% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.