Catalant Technologies, a startup that runs an AI-driven skills matching and resource allocation platform, closed $35 million in additional funding from its Series E equity round and expanded its existing debt facility on Wednesday.
Goldfinch Partners led the round, with new investments from Anheuser-Busch InBev's ZX Ventures, Salesforce Ventures and SJF Ventures. Existing investors General Catalyst, Highland Capital, GE Ventures, Bob Doris of Accanto Partners, former Bain Capital Managing Director Mark Nunnelly and Mark Cuban also joined the round. The new investments bring Catalant's total equity and debt funding to more than $100 million.
Catalant plans to use the funding to scale its product offering and expand into new global markets.
Founded as “HourlyNerd” in 2013, Catalant attracted interest early on from “Shark Tank” star Mark Cuban, who invested $450,000 in the company’s seed round that year. Prior to the Series E, the startup most recently closed a $41 million Series D round in 2017. And over the course of 2019, Catalant opened offices in Rochester, N.Y.; California; and London.
Catalant said in a press release that in addition to Anheuser-Busch InBev and GE, 30 percent of Fortune 100 companies use Catalant’s software platform to accelerate and deliver pivotal corporate initiatives.
"These same customers investing in us validates our platform's impact on their business objectives," Rob Biederman, Catalant co-founder and co-CEO, said in the release. "We're proud to have driven meaningful, long-term partnerships with very sophisticated corporate leaders."
Catalant Technologies was one of BostInno's 50 on Fire in 2019.
