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.
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.
Denver-based computer coding training school Galvanize is to acquire competitor Hack Reactor in a deal that brings together two of the largest privately held coding boot camps, the two companies told Reuters. Additionally, the company closed a $32 million funding round led by Catalyst Investors.
Catalyst-backed MediaMath, a pioneer in programmatic advertising, announced an integrated set of initiatives designed to advance the next generation architecture for digital marketing. The company unveiled a range of investments in technology, people and relationships, as well as $225 million in new financing, to accelerate its mission to connect marketers with consumers in a manner that is more effective, efficient and trusted.
Catalyst-backed BrightFarms’ locally-grown lettuce and basil are currently in 650 stores including Walmart, Kroger, Ahold, and Albertsons locations. In two years, the brand has grown its distribution by 225% reaching a household penetration of 1.5 million.
Indoor farming startup BrightFarms Inc. raised $55 million in new funding to open more hydroponic greenhouses across the U.S. as it seeks to capitalize on rising demand for locally grown food. The Series D round is led by Cox Enterprises Inc. and includes funding from existing investors Catalyst Investors, WP Global Partners and NGEN Partners.
Catalyst-backed Fusion Risk Management named Cory Cowgill as Vice President and Chief Technology Officer and Paul Ybarra as Senior Vice President and Chief Revenue Officer. The additions are part of Fusion’s growth strategy, as it keeps pace with increasing demand among enterprises to remain resilient in the face of disruptive events.
Catalyst-backed Reputation Institute, the world’s leading provider of reputation measurement, management,and intelligence services, named Kylie Wright-Ford as CEO. Wright-Ford is taking over for interim CEO Tyler Newton, Chairman of the Board of Directors and Catalyst partner.
Catalyst-backed BrightFarms is expanding its operations to Ohio, opening a $10 million Greater Cincinnati facility to supply large grocery chains in the region. The Wilmington greenhouse is BrightFarms’ fourth, behind the original concept greenhouse in Pennsylvania, one in Northern Virginia and one in Rochelle.
Catalyst’s Brian Rich recently contributed an article to the PE HUB network on the importance of companies and entrepreneurs thinking like VCs.