Torch, a people development platform, announced a $40 million Series C financing round, led by 137 Ventures. It includes significant follow-on from Initialized Capital, along with full participation from existing investors including Norwest Venture Partners and Obvious Ventures.

Torch is the People Development Platform that fuels growth through the power of trusted relationships. By combining coaching, mentoring, and collaborative learning, Torch helps you design, manage, and measure programs that drive the success of your people- and your organization.