Palladium Equity Partners, LLC, one of the nation’s oldest minority-owned private equity firms, has invested in Envoy Global, a mission-driven, tech-enabled global immigration services provider, alongside existing shareholders including Catalyst Investors and General Catalyst.
Catalyst-backed Weave has been Certified™ by Great Place to Work. The award is based entirely on what current employees say about their experiences working at Weave and is one of several milestones Weave’s teams surpassed this summer. The company hired more than 200 new team members in the second quarter of the year, one of the most significant hiring quarters in the company’s history. Additionally, Weave has expanded its operations to India, where it has begun hiring a full-stack development team with plans to open a physical office soon, while growing its international talent force.
Catalyst portfolio company Weave, the all-in-one customer communication platform for small business, was named to the Utah Business Fast 50 list for the third consecutive year. Utah Business Fast 50 companies are selected based on a combination of revenue growth and total revenue.
Five Catalyst Investors portfolio companies were featured on the Inc. 5000 2021 list of the fastest-growing private companies in the country.
CEO of Catalyst portfolio company RepTrak, Kylie Wright-Ford has an interesting specialty: leading companies backed by private equity investors. In all, she has been an executive at three PE-backed companies and served on the boards of three others. She spoke with Fast Company editor-in-chief Stephanie Mehta about the special skills needed to collaborate with private equity investors, and why, in her mind, running a PE-backed firm is “the best job in the world.”
Catalyst portfolio company Weave, a customer experience management (CXM) platform, raised an additional $37.5 million in a Series C funding round. Catalyst participated in the round led by Lead Edge Capital along with other existing investors Bessemer Venture Partners, Crosslink Capital and Pelion Venture Partners.
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.
“In 2011, WeddingWire was our first Fund III investment and since the beginning, we benefitted from a great partnership with the Company’s management team,” said Ryan McNally, partner and co-founder of Catalyst Investors. “In the seven years that we have worked together, WeddingWire increased its revenues tenfold, expanded beyond the U.S. into 15 countries around the world, and grew to 950 employees. None of this would have happened without an exceptional management team. We wish them well as they continue to grow the business.”
Catalyst’s Brian Rich recently contributed an article to the PE HUB network on the importance of companies and entrepreneurs thinking like VCs.
Catalyst led a $20 million Series B round of funding for ChowNow, a SaaS ordering platform providing restaurants with online ordering tools and branded mobile apps. Existing investors including Steadfast Venture Capital also participated in the round. Catalyst partner Tyler Newton has joined ChowNow’s Board of Directors.