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.
Catalyst portfolio company Reputation Institute opened new offices in Australia and New Zealand. The expansion enables RI to raise its game in the APAC region, allowing the team to better serve its clients and create significant opportunity to further drive the company’s growth.
Catalyst-backed BrightFarms announced its fifth production greenhouse will be built in Abilene, Texas. The company has production facilities in Rochelle, Ill., Bucks County, Pa., and Culpepper County, Va. A Wilmington, Ohio, facility is scheduled to open in July.
Catalyst-backed Fusion Risk Management, Inc. announced the addition of two senior sales executives in the United Kingdom. Derek McGee and Laura Sloan joined Fusion this month as the company expands European operations to meet rapidly growing demand for its solutions.
Catalyst-backed WeddingWire WeddingWire, the global online leader connecting engaged couples with wedding professionals, launched its website in the United Kingdom, WeddingWire.co.uk.