Rivet Raises $20.5 Million Series B Led by Catalyst Investors

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.

ChowNow Introduces First-Ever ‘Diner Impact Score’ Feature on Its Marketplace

Catalyst-backed ChowNow introduced the first of its kind Diner Impact Score, through which diners can see how much money they are saving their local restaurants by choosing to order through ChowNow’s app and website. With the release of this feature, ChowNow continues to help inform diners on a better alternative to other food ordering platforms.

Welcoming LinkSquares to the Portfolio

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.

The Software Report | The Top 50 SaaS CEOs of 2020

The Software Report recognized Wendy Rogers, founder and CEO of Catalyst portfolio company eSUB, as a top SaaS CEO. Wendy has been a passionate champion of the skilled trades. She developed eSUB, a field-first, cloud platform for the trades to enable labor tracking, productivity, and collaboration at a time when the term “cloud” didn’t exist. Wendy joins the ranks of billion dollar software companies like Paychex, Cvent, and Gainsight – an honorable recognition!

Research | Intelligent Talent

Intelligent Talent is a $9 billion global market growing 18%, comprised of software, content and analytics that leverage data to help companies build teams with the right individuals in the right roles. These solutions allow for improved decision making across the talent continuum – beginning with candidate recruitment and continuing through onboarding, ongoing development and retention.

Crain’s New York Business | Grubhub competitors now on the menu

Unlike other platforms, Catalyst portfolio company ChowNow tries to help smaller restaurants build their own web presence instead of turning to the aggregators. Restaurants pay ChowNow between $100 and $150 per month to use its software to create branded apps and allow ordering through their websites. Restaurants get a full-service dashboard that lets them control all delivery functions, including hours, zones and fees. Most important, through ChowNow, a restaurant owns its own customer information.

SaaS is Just Getting Started

The Catalyst team has been investing together for 20 years. While the fundamental strategy has remained consistent (growth-driven returns, enterprise technology focus, research-based approach), Catalyst’s areas of interest have evolved over time as a result of ever-changing technology and the competitive landscape.

Catalyst Invests in EnterpriseDB

Catalyst Investors partnered with Great Hill Partners to acquire EnterpriseDB, the leading database management system for PostgreSQL.