Catalant Technologies, a US-based consulting services marketplace previously backed by beverage producer Anheuser-Busch InBev and enterprise software producer Salesforce, has raised $35m in its series F round from a consortium led by the venture capital firm Morningside Group.
Founded in 2013 as HourlyNerd, Catalant’s Expert Marketplace has helped companies find experts and consulting firms.
The investment brings Catalant’s total funding to over $100m.
In January last year, Catalant received $35m in funding from investors including AB InBev’s ZX Ventures, Salesforce Ventures and industrial technology conglomerate General Electric’s GE Ventures.
Investment firm Goldfinch Partners led the round, which included venture capital firms SJF Ventures, General Catalyst and Highland Capital as well as private investors Bob Doris, Mark Nunnelly and Mark Cuban. It involved series E equity funding and an expansion of Catalant’s existing debt facility.
It secured $41m in a 2017 round featuring equity funding from GE Ventures, Highland Capital, General Catalyst, Greylock Partners, the Kraft family and private investors including Mark Cuban, while financial services provider Square 1 supplied the debt financing.
General Catalyst had led the company’s $22m series C round in 2016, investing together with GE Ventures, Highland Capital, Greylock, Cuban and Bob Doris.
GE Ventures also backed a $7.8m series B round the year before, alongside conglomerate Kraft Group, Highland, Greylock, Suffolk Equity Partners and several angel investors.
