Touch develops a finance platform for attaining financial freedom. It provides investment automation services and investment automation strategies for the present and future with the development of artificial intelligence (AI). It was founded in 2020 and is based in New York, New York.
Expert Collections containing Touch
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Touch is included in 2 Expert Collections, including Fintech.
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
Companies and startups in this collection digitize & streamline the delivery of wealth management. Included: Startups that offer technology-enabled tools for active and passive wealth management for retail investors and advisors.
Latest Touch News
Oct 13, 2023
Nature’s Touch described the US as “a significant growth opportunity”. It has recently invested in another facility in Virginia. SunOpta acquired Sunrise Growers in 2015 for around $450m. The sale of the assets is part of efforts to focused on “value-add” plant-based products and healthy snacks. Nature’s Touch CEO John Tentomas said: “This acquisition is more than just a business transaction – it marks a deliberate step towards a future that is more integrated, innovative, and impactful. “This acquisition puts us in the unique position of providing North American consumers with the most expansive network of freezing and distribution on the continent.” How well do you really know your competitors? Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge. Two months ago, the company reduced its sales outlook for the year after a disappointing second quarter, noting frozen fruit customer losses, a slower ramp-up of new business and category softness. The group reported lower volumes of frozen fruit due to decreased retail consumption trends, constraints on certain fruit varieties impacting blends and lost foodservice volumes. Joe Ennen, SunOpta’s CEO, said the deal with Nature’s Touch was “a major milestone in our portfolio optimisation efforts”. The company, he explained, is on “a multi-year transformation to becoming a leading manufacturer of value-add products in plant-based and healthy snack categories”. Ennen added: “This transaction is significantly accretive to margins, results in a more capital-efficient business model, strengthens our balance sheet and ensures we are singularly focused on the most attractive growth opportunities.” Alongside the news of the deal, SunOpta issued preliminary third-quarter results. The company said total revenue from continuing operations was expected to be around 6% higher at approximately $152m. Adjusted EBITDA from continuing operations for the third quarter of 2023 is expected to be approximately $18.5-19m. In a note to clients, Mizuho Securities USA managing director John Baumgartner said the frozen-fruit assets had been sold for a “very solid valuation” of 0.5 times the last 12 months’ of sales and 9.4 times the EBITDA. Share this article
Touch Frequently Asked Questions (FAQ)
When was Touch founded?
Touch was founded in 2020.
Where is Touch's headquarters?
Touch's headquarters is located at New York.
What is Touch's latest funding round?
Touch's latest funding round is Seed.
How much did Touch raise?
Touch raised a total of $120K.
Who are the investors of Touch?
Investors of Touch include Techstars NYC Accelerator.