Total amount raised
$145.6 Millions
Latest funding date
03/01/2021
Location
Catalant has successfully raised funds through multiple rounds, with the latest being a Series F round. The company has attracted investments from notable names such as Morningside and 40 North Ventures.
Keep reading to explore the intricacies of Catalant's fundraising journey and the investors backing this innovative platform.
What Is Catalant?
Catalant, founded in 2013, is a software company based in Boston, Massachusetts. The company was established by Joe Miller, Peter Maglathlin, and Rob Biederman.
Operating in the consulting, enterprise software, and professional services industries, Catalant employs between 101 and 250 people. The platform connects companies with a global network of over 100,000 independent consultants and boutique firms, offering flexible consulting services to address various business needs.
How Much Funding Has Catalant Raised?
- Seed Round
- Amount Raised: $750K
- Date: September 2013
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the company's operations and develop its initial platform.
- Series A
- Amount Raised: $4M
- Date: March 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and enhance the platform's capabilities.
- Series B
- Amount Raised: $7.8M
- Date: February 2015
- Lead Investors: Highland Capital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and increase market reach.
- Series C
- Amount Raised: $22M
- Date: July 2016
- Lead Investors: General Catalyst
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and expand into new markets.
- Series D
- Amount Raised: $41M
- Date: June 2017
- Lead Investors: General Catalyst, Highland Capital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and enhance product offerings.
- Series E
- Amount Raised: $35M
- Date: January 2020
- Lead Investors: Goldfinch Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support strategic initiatives and expand the customer base.
- Secondary Market
- Amount Raised: Not publicly disclosed
- Date: July 2020
- Lead Investors: 40 North Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
- Series F
- Amount Raised: $35M
- Date: March 2021
- Lead Investors: Morningside
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To meet increased demand for high-end freelancers and capitalize on market growth.
Total Amount Raised: $145.55M. Current Valuation: Not publicly disclosed.
Key Investors
- Morningside Group
- Details: Morningside Group is a private investment group founded in 1986. It focuses on investments in the life sciences, technology, and education sectors.
- Investment Focus Areas: Life sciences, technology, education
- Notable Investments: Catalant Technologies, Moderna, XtalPi
- 40 North Ventures
- Details: 40 North Ventures is the venture capital arm of Standard Industries, a global industrial company. It invests in companies that drive industrial innovation.
- Investment Focus Areas: Industrial technology, innovation, sustainability
- Notable Investments: Catalant Technologies, Carbon, Desktop Metal
- Goldfinch Partners
- Details: Goldfinch Partners is a private equity firm that focuses on technology and digital transformation. It was founded by the former head of Starbucks Corporate Strategy and the founder of BCG Digital Ventures.
- Investment Focus Areas: Technology, digital transformation, fintech
- Notable Investments: Catalant Technologies, Varo Money, Remitly
- Highland Capital Partners
- Details: Highland Capital Partners is a venture capital firm that invests in early to growth-stage companies. It was founded in 1988 and has offices in Cambridge and Palo Alto.
- Investment Focus Areas: Technology, healthcare, consumer
- Notable Investments: Catalant Technologies, 2U, Rent the Runway
- General Catalyst
- Details: General Catalyst is a venture capital firm that provides early-stage and growth equity investments. It was founded in 2000 and has invested in numerous high-profile startups.
- Investment Focus Areas: Technology, healthcare, consumer
- Notable Investments: Catalant Technologies, Airbnb, Stripe
What's Next for Catalant?
With the recent $35 million investment, Catalant is poised to capitalize on the growing demand for high-end freelancers. The company is well-positioned to expand its Expert Marketplace, addressing needs in supply chain, corporate strategy, and digital marketing. This significant opportunity could lead to further fundraising rounds, enabling Catalant to enhance its platform and services.
However, the path forward is not without challenges. Catalant must navigate competition from other freelancer marketplaces and ensure the quality of its talent pool. Adapting to rapid market changes and technological advancements will be crucial for sustained growth.
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