![]() On the people side, Torchlight has expanded its leadership team in technology, sales, and marketing. This approach to investment has been better for our company, our customers, and our small community of investors who we believe will get a better return on their investment.” The three P’s “One of our proudest achievements to date is the model we’ve designed to optimize our ‘growth engine’ - the people, product, and processes - to meet the evolving needs of our customers,” said Torchlight founder and CEO Adam Goldberg. To date, Torchlight has raised a total of $3.2 million. Torchlight is now serving more than 855,000 families through its employer clients.įrom the beginning, the company has charted its growth by carefully aligning its outside investments to meet market demands as they evolve. Torchlight child and Torchlight elder provide caregivers with personalized action plans, easy-to-use digital tools, and expert advice to help them balance the demands of work and caregiving. ![]() According to a 2015 report by Ceridian, employers experience $38.2 billion annually in lost productivity as a result of caregivers being forced to take time away from work. Optimizing the Torchlight growth engineĪn innovator in caregiving, Torchlight works with employers and health plans nationwide to provide a cloud-based, caregiver concierge platform to expertly guide employees in caring for children with special needs and aging family members. The new investment, $1.3 million, will be leveraged to fine tune three critical components of its strategy: people, product, and processes. Challenging traditional investment models, startup continues to grow with modest investments aligned to evolving market demandsīoston, MA – Ap– Torchlight, creator of the first technology platform to support modern caregivers, today announced that it has raised an additional round of funding led by individual leaders in the health-and-education industry - including Elliot Sainer, who is joining the company’s board of directors - to further optimize its growth strategy which helped to generate more than 125 percent revenue growth in 2016.
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