CEO of Catalyst-backed PresenceLearning, Kate Eberle Walker, discusses her company’s recent $27 million Series D. The pandemic accelerated the completion of the funding round, which helps the company’s expansion of online therapy and assessment services to meet growing school needs.
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.
Catalyst-backed EnterpriseDB, the enterprise Postgres company, achieved its 40th consecutive quarter of subscription growth, including 61 percent growth in annual recurring revenue. EnterpriseDB also signed a multi-year agreement with IBM to sell the EDB Postgres™️ platform, the company’s enterprise-ready version of the popular PostgreSQL database management system.
Catalyst portfolio company BrightFarms, the No. 1 brand of locally grown packaged salads, is expanding into North Carolina with a new 280,000 sq. ft. hydroponic greenhouse. The new greenhouse will deliver up to two million pounds of local leafy greens and herbs to supermarkets in North Carolina and surrounding states.
Catalyst portfolio company BrightFarms, the leading supplier of locally grown salads for supermarkets, named Brian Jenny as Vice President of Sales. Jenny will oversee existing retail accounts and will lead business development as the company continues its rapid growth.
Catalyst-backed ChowNow is opening its first regional office in Kansas City’s Crossroads Arts District. The LA-based company’s director of recruiting, Candace Taylor, expects roughly 50 jobs to be created in Kansas City over the next year and said hundreds more could follow as the company finds its footing in the midwest.
Rural internet provider Xplornet Communications Inc., a Catalyst portfolio company, says recent network investments now make it possible to offer some of its customers broadband service only city dwellers used to be able to expect – faster speeds and unlimited data plans.
Catalyst-backed BrightFarms, the No. 1 brand of locally grown packaged salads, announced plans for national expansion with new sustainable greenhouse farms in New England (Central MA), New York (Hudson Valley) and North Carolina. The three new greenhouses further the brand’s presence and add to BrightFarm’s network of local and sustainable farms across the Mid-Atlantic and into the South. The company currently operates greenhouses in Illinois, Ohio, Pennsylvania and Virginia, supplying major retailers in a dozen major metro markets.
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.
Catalyst-backed BrightFarms recently harvested the first crop from its new 120,000-square-foot indoor greenhouse facility in Wilmington, Ohio. The company invited regional and state officials to the first harvest at the greenhouse located 45 minutes southeast of Dayton to demonstrate the economic impact the new greenhouse will have in the state. While local is the number one demand driver of produce, supermarkets have trouble sourcing the quantity they need, so BrightFarms aims to supply local produce at a commercial scale. The greenhouse is state-of-the-art in both its sustainability and production.