- Catalant Technologies recently announced it raised $35 million of additional funding from its Series E equity round and expansion of its existing debt facility
Catalant Technologies announced it has raised $35 million of additional funding from its Series E equity round and expansion of its existing debt facility to scale its product offering and expand into new global markets.
Goldfinch Partners led the round with new investments from Anheuser-Busch InBev’s ZX Ventures, Salesforce Ventures, and SJF Ventures. And new investors were joined by follow-on investments from General Catalyst, Highland Capital, GE Ventures, Bob Doris of Accanto Partners, former Bain Capital Managing Director Mark Nunnelly, and Mark Cuban. Including this round of funding, Catalant has raised total equity and debt funding of more than $100 million.
“We’re fortunate that our evolution has been driven by partnering with many of the world’s biggest brands on some of their most defining, difficult work,” said Catalant co-founder and co-CEO Pat Petitti.
Launched in 2013, Catalant was founded as an online marketplace for companies to find consultants quickly and easily. Since then, Catalant globally rolled out software and services for work planning, resource management, and insights and reporting.
“We’re thrilled to lead this round of investment in Catalant,” added William McNichols, Managing Partner and co-founder of Goldfinch Partners. “We invest in companies and founders who are changing the way the world works, and Catalant exemplifies that. No other software delivers the same level of visibility into work happening inside companies, the value-driven by the work, who’s actually doing the work, and whether the people doing the work are engaged and productive.”
Catalant’s system — in its Resources module — facilitates access to more than 65,000 independent experts and 1,000 consulting firms in 127 countries around the world. Global organizations usually partner with Catalant to accelerate and enable strategic plan execution, centers of excellence, enterprise portfolio management of transformation workstreams, organizational redesigns, post-merger integrations, and agile transformations.
“Catalant helps provide operational clarity and faster, more effective allocation of the right resources to critical work that helps us grow and better serve our customers,” explained David Almeida, Chief People and Transformation Officer of Anheuser-Busch InBev (an early Catalant customer).
With built-in access to over 65,000 independent experts and 1,000 boutique consulting firms, Catalant helps organizations fill critical gaps on high-priority projects. And Gartner recently named Catalant Technologies as a Cool Vendor that transforms talent to drive the digital workplace and highlighted it in different categories across four Hype Cycle reports.
“Catalant has been a trusted partner of our company and we’re happy to back a company that is helping organizations around the world move quicker,” stated ZX Ventures head Bernardo Novick.
Along with Anheuser-Busch InBev and GE, 30% of the Fortune 100 use Catalant’s software platform to accelerate and deliver pivotal corporate initiatives.
“These same customers investing in us validates our platform’s impact on their business objectives. We’re proud to have driven meaningful, long-term partnerships with very sophisticated corporate leaders,” noted Catalant co-founder and co-CEO Rob Biederman.