Catalyst portfolio company Pax8, the leading cloud commerce marketplace, raised $185 million in new equity capital from new investor SoftBank Vision Fund 2, increasing the company’s valuation to $1.7 billion. SoftBank Vision Fund led the funding series with additional contributions from existing investors Catalyst Investors, Sageview Capital, Blue Cloud Ventures, and Liberty Global Ventures.
Catalyst-backed LinkSquares, the company behind the AI-powered contract management platform of choice, raised $100 million in Series C financing led by G Squared, with participation from new investor G2 Venture Partners as well as existing investors including Catalyst Investors. This brings the company’s total funding to $161.5 million, at a current valuation of $800 million.
Ekos, the leading business management software for craft beverage businesses, closed a $21 million Series B funding round led by growth equity firm Catalyst Investors with participation from existing investors Noro-Moseley Partners.
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.
We recently announced our investment in LinkSquares’ $40 million Series B fundraising round. We have been investing in and helping B2B SaaS companies scale for over 20 years. Based on this experience, the type of growth we anticipate for LinkSquares requires more than just adding more customers – it means laying a solid foundation of people and processes so the company can sustain and survive rapid, profitable expansion.
LinkSquares, provider of the fastest and most comprehensive AI-powered contract lifecycle management and analysis tool, raised $40 million in Series B financing led by Sorenson Capital with additional new investors Catalyst Investors, Xerox, Bottomline Technologies, DraftKings’ founders and key legal and compliance executives, as well as existing investors Hyperplane Venture Capital, MassMutual Ventures, First Ascent Ventures participated in the round.
Catalyst Investors and Sageview Capital co-led the $96 million funding round in Pax8, the best place for IT professionals to buy cloud products. Catalyst partner Todd Clapp was named to the Pax8 Board of Directors.
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.
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.