Catalyst Investors has promoted Susan Bihler to partner. Bihler, who joined Catalyst in 2009 and was most recently a principal, is responsible for sourcing and executing investment opportunities in software, healthcare and business services sectors.
Real estate assets are a major contributor to the U.S. GDP. Now consider the amount of work it takes to maintain such a large asset class, which consists of all residential and commercial buildings around the country. Real Estate Technology (“RETech”) companies are doing just this, developing web and mobile solutions capable of addressing the multiple pain points associated with developing, owning and renting real estate.
U.S. Legal Services is a $430 billion industry comprising roughly 2% of the domestic economy. However, law firms and corporate law departments are relatively underpenetrated by technology thus we have yet to see a robust volume of venture-backed legal tech companies achieving scale, nor a single Legal Tech company to go public. Candidly, lawyers do not make the best purchasers of technology; law firms and legal departments lack substantial tech budgets, sophistication and willingness to adopt technology. However, we believe that a confluence of factors is catalyzing a dramatic transformation in the industry.