Catalyst News

VentureBeat: Datavail raises $47 million led by Catalyst



Database admin company Datavail raises $47 million round led by Catalyst
By Sindy Nanclares

Datavail, a company that offers database administration for enterprises, took in a $47 million investment led by Catalyst Investors, the VC firm announced today. Tahosa Capital,  Lumerity Capital Partners, and Boulder Ventures also contributed to the funding round that gives Datavail a total of $60 million in venture funds.

Catalyst’s Tyler Newton and Susan Bihler, alongside Tahosa’s Derek Pilling, joined Datavail’s board.

Portfolio News

Xplornet Acquires Platinum Communications

Catalyst-backed Xplornet Communications Inc., Canada’s leading rural high-speed Internet service provider, announced the acquisition of Platinum Communications Corporation. Located in Calgary Alberta, Platinum is one of Alberta’s farthest-reaching providers of broadband services to remote locations.

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