Catalyst portfolio company WeWork signed a $3 billion warrant with SoftBank. SoftBank agreed to pay $3 billion to WeWork for the opportunity to buy shares before September 2019 at a price of $110 a share or higher, depending on whether WeWork goes public, is acquired or raises a $1 billion round before that date. No matter the outcome, the deal would value WeWork at at least $42 billion, according to the company.
Xplore Mobile is the wireless service of Catalyst-backed Xplornet Communications Inc. and will provide voice, text and data services to Manitobans on a 4G LTE wireless network. Committed to being fair, simple and transparent, Xplore Mobile is designed with Manitobans at the core of everything it does.
Catalyst-backed MediaMath announced the release of the Guaranteed Viewable Market, which offers impression-level verification powered by MediaMath’s enterprise identity solution, delivering exclusive access to 100% viewable, 100% fraud free media. In its beta release, the market offers omnichannel media execution across mobile and desktop channels. The Guaranteed Viewable Marketbrings the promises of blockchain – transparency, trust and immutable consensus– to digital marketing today, and it paves the way for a future of innovation.
Catalyst-backed BrightFarms is poised to bring its local greenhouse model to a nationwide audience with 15 hydroponic greenhouses to be built in the next three to five years as demand for locally-grown produce outweighs organic.
For QSRs, offering mobile order-ahead can be a double-edged sword. While it’s critical to boosting sales, it also comes with the expense of tackling card-not-present fraud. In the new Mobile Order-Ahead Tracker, Chris Webb – CEO of Catalyst Investors-backed ChowNow – explains how ordering platforms can help by viewing customer interactions across restaurants to identify suspicious behavior, and by handling security measures behind the scenes to tackle fraud and reduce friction.
Catalyst-backed MediaMath, the independent technology company for marketers, has been recognized by Gartner, Inc. as a Leader in the latest “Magic Quadrant for Ad Tech”. The company has been recognized for its completeness of vision and ability to execute.
Catalyst-backed Fusion announced major product enhancements that expand its already established risk management capabilities with a new third-party management offering along with a solution for organizations to securely connect with broader internal and external communities. These new enhancements empower organizations with the most flexible and innovative way to manage and mitigate risk to the perimeter of their enterprises and throughout their supply chain.
U.S. greenhouse company and Catalyst portfolio company BrightFarms says there is huge untapped potential in the locally grown produce market and believes the rapidly growing category is roughly where the organic sector was around 15 years ago.
Catalyst-backed Reputation Institute, the world’s leading provider of reputation measurement, management, and intelligence services, named David Stack as Chief Financial Officer. Based at the corporate headquarters in Cambridge, Mass., Stack will assume global executive responsibility for accelerated growth by scaling Reputation Institute’s financial planning, investments and reporting across all of its international markets. Before joining Reputation Institute, he served as the CFO of HubSpot, Qstream, Localytics and Vice President of Finance for EMC and RSA Security.
Catalyst portfolio company MediaMath launched new creative management offerings and supply partnerships to fully integrate native advertising into its omnichannel DSP, empowering clients to leverage a single platform to manage a larger share of their media spend using a creative format that has proven to be more engaging to consumers. The launch comes on the heels of MediaMath’s recent round of funding of $225 million and demonstrates its commitment to improving the consumer experience while create business outcomes.