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, 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.
Catalyst portfolio company Clinicient was acquired by WebPT, the leading outpatient physical rehabilitation SaaS platform for patient and practice management services.
Catalyst Investors’ Kapil Desai comments on health IT trends anticipated this year.
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.
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, 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, Inc., the leading provider of cloud-based business management software for the wellness services industry, has been named among the 40 most innovative public companies in America by Inc. Magazine.
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.
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.