PresenceLearning Acquires Global Teletherapy and Propels Next Phase of Growth with Majority Investment from Spectrum Equity and TPG’s Rise Fund

PresenceLearning Acquires Global Teletherapy and Propels Next Phase of Growth with Majority Investment from Spectrum Equity and TPG’s Rise Fund

Catalyst portfolio company PresenceLearning acquired Global Teletherapy, the leading teletherapy service provider to virtual K-12 schools, and signed a definitive agreement for Spectrum Equity, a leading growth equity firm, and The Rise Fund, TPG’s multi-sector global impact investing strategy, to acquire a majority stake in the company. Bain Capital Double Impact and Catalyst Investors will retain minority stakes and Bain will continue to have representation on the company’s Board of Directors.

PresenceLearning Becomes New Corporate Partner of ASHA

The American Speech-Language-Hearing Association (ASHA) announced that Catalyst portfolio company PresenceLearning, a provider of live online special education–related services for grades preK–12, has become an ASHA Corporate Partner. ASHA’s partnership with PresenceLearning will help speech-language pathologists (SLPs) access teletherapy at a time when online education tools have proven to be critical to connecting to students and clients.

PresenceLearning Partners with the Council of Administrators of Special Education

Catalyst-backed PresenceLearning, the leading provider of live online special education related services for K-12 schools, partnered with the Council of Administrators of Special Education (CASE). PresenceLearning will support the professional development of CASE members by providing access to its clinical experts and influential partners, as well as offering exclusive webinars, presentations, and other programming.

eSchool News | New Mental Health Service to Address Student Anxiety and Stress

Catalyst portfolio company PresenceLearning, the leading provider of live online behavioral and mental health services for K-12 schools, partnered with iOpening Enterprises to develop Finding Your Power in Uncertain Times, a 6-week trauma-informed group therapy program designed to help students who are struggling with life’s current stressors including social, emotional, and economic impacts from COVID-19 and civil unrest in their communities.

PresenceLearning Secures $27 Million Series D Growth Investment Led By Bain Capital Double Impact

PresenceLearning, the leading provider of live online special education related services for K-12 schools, received a $27 million Series D investment led by Bain Capital Double Impact. Existing investors Catalyst Investors, New Markets Venture Partners and Catamount Ventures also participated in the round. The latest funding positions the company to accelerate its expansion of online therapy and assessment services to meet growing school needs.

The Hechinger Report | Teletherapy has been powering virtual special education for years

The idea of continuing to serve students with disabilities paralyzed many school leaders in recent weeks, and even led some to cancel school for everyone rather than tackle the challenge of providing special education online. But Kristin Martinez, the clinical director at Catalyst-backed PresenceLearning, which provides online special education services, said school leaders should take heart.

PresenceLearning Offers Teletherapy Training and Online Therapy Platform to Help Special Education Teams Continue Serving Students During COVID-19 School Closures

“As schools urgently seek solutions to move services online, we want to make sure that students with special education needs are prioritized,” said Kate Eberle Walker, CEO of Catalyst-backed PresenceLearning. “Over the past ten years we’ve developed a specific expertise in conducting teletherapy sessions for K-12 students and we have a purpose-built platform that is designed by and for clinicians. We realized that the best way we can help right now is to make our platform available more broadly, and to teach school-based clinicians how to approach teletherapy.”

VC-backed Galvanize appoints Patel as CEO

Galvanize, a technology workforce educator, has named Harsh Patel as CEO. He is the former CEO of Hack Reactor. Galvanize’s backers include Catalyst Investors, ABS Capital Partners, University Ventures, New Markets Venture Partners and Colorado Impact Fund.

Tech Tools for the Modern Family

Today’s parenting landscape has evolved at a rapid pace. Compared to just a few decades ago, the makeup of the workforce is changing rapidly; the work participation rate for women with children under age 6 has grown significantly in the past 40 years, as has the percentage of families with children in which both parents work. Further, today’s parents, educators, employers, and children are living in a world that is increasingly tech-first. Parents, and especially modern millennial parents, expect tech-forward, simple, and elegant solutions across their lives, but particularly as they seek to bring up the next generation.