Galvanize has secured a $32 million Series C financing led by growth equity firm Catalyst Investors with participation from New Markets Venture Partners and existing investors: ABS Capital Partners, University Ventures and the Colorado Impact Fund. Tyler Newton from Catalyst Investors will join the Galvanize board ofdirectors.
Kapil Desai has been promoted to Vice President from Senior Associate. Kapil focuses on healthcare IT, food technology and software companies and most recently worked on Catalyst’s investments in BrightFarms, Clinicient, ChowNow and Conductor.
Catalyst promoted Susan Bihler to Partner. Bihler joined Catalyst in 2009 as an analyst and most recently served as Principal. She currently serves on the boards of Catalyst portfolio companies Clinicient, Datavail and Envoy Global.
Catalyst led a $20 million Series B round of funding for ChowNow, a SaaS ordering platform providing restaurants with online ordering tools and branded mobile apps. Existing investors including Steadfast Venture Capital also participated in the round. Catalyst partner Tyler Newton has joined ChowNow’s Board of Directors.
Envoy Global, the technology leader in global immigration and workforce management, raised $21 million in Series C financing and named Susan Bihler of Catalyst Investors to its Board of Directors. The new capital will expand Envoy’s go-to-market efforts and continued development of its global immigration services and software platform.
Weave provides voice, SMS, email and marketing services to dental and optometry offices. Its unified communications as a service (UCaaS) product combines VoIP phone service with a customer service application that integrates with customer data from existing practice management software to help manage patient reminders, initiate phone calls, engage in two-way texting, solicit customer reviews and other customer relationship management functions. The company serves more than 3,600 dentists and optometrists across the country.
Catalyst expanded its team with the addition of Samantha Lexton as Senior Associate, Investor Relations, and Jackson Evans and Kirk Mahoney as Associates. Catalyst also promoted Mia Hegazy to Vice President and Kapil Desai to Senior Associate.
“Fusion has built a reputation with its Fortune 500 customers as not only an exceptional risk management platform, but also as one of the tech industry’s top customer service practices,” said Ryan McNally, partner at Catalyst Investors. “The company is a clear leader in its space and is growing rapidly and profitably while gaining market share. The management team consists of world-class industry veterans with impressive track records of delivering enterprise-grade products to the largest corporate customers. We look forward to helping the company continue to gain market share, develop new products and expand internationally.”
Catalyst Investors Fund III successfully exited its investment in Ascentis, a leading provider of Human Capital Management (HCM) products including HR management software and payroll services to middle-market companies. Catalyst sourced the company directly through its network and has been a control investor with Tyler Newton, Susan Bihler and Chris Shipman as board members since 2012. Under Catalyst’s ownership, company revenues have grown from $10mm to $28mm, at a compound annual growth rate of 30%. Summit Partners is the new control investor.
BrightFarms, Inc. today announced a $30.1 million Series C equity financing, led by growth equity firm Catalyst Investors and joined by existing investors WP Global Partners and NGEN Partners. With this financing, the largest equity investment to date in the controlled environment local produce industry, BrightFarms furthers its leadership position in transforming America’s food system to include more commercial-scale fresh, healthy, local and sustainable produce.