Tech Company Financing Transactions
Catalyte Funding Round
Cross Culture Ventures, Expon Capital and Palm Drive Capital participated in a $27 million Series A venture round for Catalyte. The financing round closed on 2/15/2018.
Transaction Overview
Company Name
Announced On
2/15/2018
Transaction Type
Venture Equity
Amount
$27,000,000
Round
Series A
Proceeds Purpose
This acquisition (of Surge) and fundraising position Catalyte to take full advantage of several IT trends, including: Agile changing best practices in software development. The reconfiguring of outsourced development work from a distributed/offshore model to an onshore/local model. The need for better ways to discover talent from unconventional backgrounds. The rise of the gig/freelance economy.
Company Information
Company Status
Private & Independent
Industry
Software
Mailing Address
502 S Sharp St.
Baltimore, MD 21201
USA
Baltimore, MD 21201
USA
Phone
Website
Email Address
Overview
Catalyte advances human potential for the digital economy. We use artificial intelligence to identify individuals, regardless of background, who have the innate potential and cognitive ability to be great software developers.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Jacob Hsu
Chief Marketing Officer
Michele Cunningham
Chief Operating Officer
James Hyde
Chief Technical Officer
Robert Mansell
VP - Product Management
Paige Lisk
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We report on every notable VC transaction. VC investment data records reported here are sourced from news reports and company announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
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