Catalyte recently announced it closed $1.5 million in funding from Green Street Impact Partners, a leading ed-tech private equity fund. Along with the $1.5 million that the company secured in July 2023, Catalyte is going to use the investment to accelerate the growth of its apprenticeship programs – which deliver highly-vetted talent to employers, helping both private and public sector organizations de-risk their hiring processes, increase productivity, lower costs and drive sustainable diversity.
Launched in 2000, Catalyte amassed nearly 25 years worth of real-world data on employee performance. And it utilizes that data to continuously refine its AI-powered, end-to-end reskilling platform to discover, develop, and deploy high-potential talent into new careers regardless of their background. This helps dismantle the inequities of traditional hiring practices, giving more people the opportunity for family-advancing careers while providing employers with high-quality talent they can’t source through traditional methods.
Catalyte delivered day-one-ready talent to notable organizations like Nike, GroupM, the State of Maryland, and USA Swimming. And its apprenticeship programs transform the lives of people like Michelle and help employers boost their bottom-line and top-line culture. Plus, it offers apprenticeship programs in software development, sales, digital media, cyber security, IT services, and project management.
KEY QUOTES:
“To have a partner like Green Street Impact Partners on board with us is spectacular. They understand exactly what we’re trying to do and have the deep institutional knowledge to help us actualize our vision and capitalize on important growth sectors. We look forward to working with them to continue building Catalyte into a clear market leader.”
— Matthew Derella, CEO of Catalyte
“For two decades, Catalyte has been a leader in talent and workforce development. It is a company I have known for many years. I’m very excited about the vision for the company under new CEO Matthew Derella and we look forward to bringing our ed-tech sector focused knowledge to bear to support the acceleration of growth at this AI-powered company.”
— Calvin Young, general partner, Green Street Impact Partners
