Diplo-Backed Torch Capital Closes $200 Million Sophomore Round, Targets Continued Consumer-Tech Investments

Diplo-backed Torch Capital has raised another $200 million, according to higher-ups, and the New York City-headquartered investment firm intends to put this sophomore fund towards “investing in the next generation of disruptive tech-enabled brands and platforms.” Five-year-old Torch Capital unveiled the $200 million round (and, separately…
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