BrightFarms has secured more than $100 million in debt and new equity capital to support robust expansion plans. The Series E round of funding was led by Cox Enterprises, which now owns a majority stake in the company, and includes a follow-on investment from growth equity firm Catalyst Investors. BrightFarms will use the funds to invest in its current farms and retail programs and expand its network of regional indoor farms across the U.S.
Catalyst-backed BrightFarms, a leading supplier of locally grown salads for supermarkets, opened a new expansion to its Rochelle, IL greenhouse. The increase in production will support BrightFarms continued growth in the market, including a 34 percent jump in year over year sales with Mariano’s.
Catalyst portfolio company EDB, a leading contributor to PostgreSQL, achieved record growth in the first half of 2020, further showing that PostgreSQL is a centerpiece of technology strategy for an increasing number of enterprises.
Catalyst portfolio company BrightFarms, a leading supplier of locally grown salads, recently surpassed 2,000 stores, bringing their total store count to 2,009. BrightFarms has added more than 800 stores this year amid a record surge in demand that has increased year over year sales growth by 40% in the last month. The company’s growth has been driven by continued success with national retail partners like Ahold Delhaize USA and Kroger/Roundy’s and Walmart, along with recent product launches in Sam’s Club and Meijer.
Catalyst-backed InSite Wireless Group, LLC, one of the largest privately-owned tower and wireless infrastructure companies in the U.S., acquired Repeater Communications Group, LLC, one of the leading operators of leased rooftop telecommunications sites in New York City and surrounding markets. With this acquisition, InSite expands its portfolio of urban rooftop assets and gains a significant foothold in some of the nation’s largest BTA markets.
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.