Jonathan Keidan
Description
Jonathan Keidan is the founder of Torch Capital, a New York City-based venture capital firm primarily focused on early-stage consumer-facing businesses. Leveraging his extensive background as a successful entrepreneur, Keidan established Torch Capital to invest in companies at the intersection of media, technology, and evolving consumer trends. The firm typically targets Seed and Series A rounds, with a particular interest in sectors such as fintech, digital health, e-commerce, and direct-to-consumer brands, aiming to identify and support the next generation of beloved consumer brands.
Torch Capital's investment philosophy, deeply influenced by Keidan's operational experience, centers on identifying companies with strong brand potential, engaged communities, and clear paths to market leadership. They are known for their hands-on approach, providing strategic guidance and leveraging their extensive network to support portfolio companies beyond just capital. Keidan often emphasizes the importance of building authentic connections with consumers and harnessing the power of community to drive sustainable growth, a core tenet reflected in Torch Capital's diverse portfolio.
Torch Capital has demonstrated significant growth and increasing capital deployment capabilities since its inception. The firm successfully raised its inaugural fund, Torch Capital I, closing at $50 million in 2018. This was followed by Torch Capital II, which secured $100 million in 2021, and most recently, Torch Capital III, which closed at $200 million in 2023. These successive fundraises underscore the firm's expanding influence in the early-stage investment landscape, allowing them to write initial checks ranging from approximately $1 million to $10 million, enabling them to lead or co-lead significant early-stage rounds.
Investor Profile
Jonathan Keidan has backed more than 54 startups, with 1 new investments in the last 12 months alone. The firm has led 0 rounds, about 0% of its total and boasts 13 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Seed, Series A, Series B rounds (top funding stages).
- Majority of deals are located in United States, Canada, Germany.
- Strong thematic focus on Food and Beverage, E-Commerce, Software.
- Typical check size: $1M – $10M.
Stage Focus
- Seed (44%)
- Series A (19%)
- Series B (9%)
- Series C (7%)
- Series Unknown (6%)
- Series D (4%)
- Angel (4%)
- Series E (2%)
- Convertible Note (2%)
- Secondary Market (2%)
Country Focus
- United States (93%)
- Canada (4%)
- Germany (2%)
- Vietnam (2%)
Industry Focus
- Food And Beverage
- E-commerce
- Software
- Proptech
- Real Estate
- Health Care
- Internet
- Property Management
- Real Estate Brokerage
- Residential
Frequently Asked Questions
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