Welcoming Rivet to the Portfolio

Welcoming Rivet to the Portfolio

We are pleased to announce that we recently led a $20.5 million Series B in Rivet, a company on a mission to solve the broken healthcare billing process. Rivet provides a healthcare billing platform that promotes transparency around pricing and financial responsibility across the key stakeholders in healthcare – patients, providers and payers. The company is led by a trio of first-time co-founders in Ted Ferrin, Andrew Harding and Paul Draper who possess a keen ability to identify an acute problem in the market, develop and launch a product and achieve product-market fit in rapid succession.

Rivet Raises $20.5 Million Series B Led by Catalyst Investors

Rivet, the modern healthcare billing platform, raised $20.5 million in a Series B funding round led by Catalyst Investors with participation from co-investor Ankona Capital and existing investors Menlo Ventures, Pelion Venture Partners and Lux Capital. Catalyst’s Tyler Newton will join Rivet’s Board of Directors.

WebPT Acquires Clinicient

Catalyst portfolio company Clinicient was acquired by WebPT, the leading outpatient physical rehabilitation SaaS platform for patient and practice management services.

Weave Raises $37.5M Series C Growth Round Led by Lead Edge Capital

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 portfolio company Clinicient announces Insight Care Navigator

Clinicient Inc., a leader in outpatient rehabilitation business solutions, announced its Insight Care Navigator, the first therapy-specific care coordination system to seamlessly connect care coordinators to therapists, orthopedic surgeons, other providers, and bundle administrators with the tools and data to ensure patients get the best care, at the lowest cost in the most appropriate setting.

MINDBODY Acquires HealCode

MINDBODY, the leading provider of cloud–based business management software to the wellness services industry, and an emerging consumer marketplace, announced the acquisition of one of its most successful technology platform partners: Austin–based HealCode. Through this acquisition, MINDBODY adds powerful, new customer engagement and marketing tools to its suite of business and consumer solutions.

MINDBODY Partners with Xero to Streamline Accounting

MINDBODY, Inc., the leading provider of cloud-based business management software for the wellness services industry, has integrated with Xero, a leading provider of cloud accounting software for small businesses, allowing MINDBODY subscribers in the United States and United Kingdom to sync their sales data with Xero’s accounting solution to further streamline business management.

Focused on White Coats, Not Suits and Ties – Catalyst Seeks Doctor-Entrepreneurs

Catalyst Investors has traditionally focused on the HCIT category, including investments in companies such as MINDBODY (business management software for health and wellness), Clinicient (PM and RCM for physical therapists) and PresenceLearning (speech and occupational therapy telemedicine for K-12 students). While we continue to actively seek out opportunities in this sector, Catalyst is also exploring healthcare services, particularly focusing on practice management companies that aggregate (or roll-up) specialty providers.