Catalyst Investors Leads $25 Million Series C Investment in PresenceLearning
Ryan McNally joins company’s Board of Directors
NEW YORK & SAN FRANCISCO–(BUSINESS WIRE)–Growth equity firm Catalyst
Investors led the recent $25 million Series C investment in PresenceLearning,
Inc., the leading provider of live online speech therapy,
occupational therapy, and behavior and mental health services for K-12
students. Existing investors Birchmere Ventures, Blue Heron Capital,
Catamount Ventures, and New Markets Venture Partners also participated
in the round. Catalyst Partner & Co-Founder Ryan McNally has joined the
company’s Board of Directors.
Founded in 2009, PresenceLearning addresses the growing shortage of
speech language pathologists, occupational therapists, and behavioral
and mental health service providers by connecting clinicians and
students via its award-winning platform and marketplace. The company
intends to continue its growth within these areas while also expanding
into additional allied health fields and new user populations.
“Our mission is to make all kinds of online therapy practical,
affordable, and convenient for everyone,” said Clay Whitehead, co-CEO of
PresenceLearning. “After starting with schools, where we are privileged
to beneficially affect the lives of tens of thousands of children
everyday, we are now expanding to hospitals and other places where
people need professional care.”
“PresenceLearning has strong traction and is in an excellent position to
grow and successfully scale,” said McNally. “We look forward to
partnering with management and applying our expertise in business
management software, healthcare practice management, and marketplace
businesses to help the company achieve its strategic objectives.”
“Catalyst shares our vision and is an ideal partner to help maximize our
impact. The Catalyst team understands what it takes to build a
successful marketplace and has the experience to help us scale and make
a fundamental difference in the way healthcare and therapy services are
delivered,” said Jack Lynch, co-CEO of PresenceLearning.
About Catalyst Investors
Catalyst Investors is a New York City-based growth equity firm focused
on technology-enabled services including cloud computing, wireless
infrastructure and digital media. Founded in 1999 and investing out of
its $377 million fourth fund, Catalyst draws on deep sector expertise
and an extensive network of industry leaders to work in true partnership
with management to create long-term value. The firm makes both minority
and majority investments of up to $60 million in rapidly growing
companies. For more information, visit www.catalyst.com.
About PresenceLearning
PresenceLearning is the leading provider of online speech and
occupational therapy, behavioral and mental health services, special
education academic instruction, and assessments for K-12 districts and
families of children with special needs. PresenceLearning’s nationwide
network of online professionals and telehealth providers includes
hundreds of highly qualified speech language pathologists, occupational
therapists, special education teachers, and behavioral and mental health
professionals. Treatment sessions are delivered “anytime, anywhere” via
live interactive video using the latest in evidence-based practices
combined with powerful progress reporting. For more information, visit www.presencelearning.com.
Contacts
For Catalyst Investors
Karen Hopp, 917-514-1723
karen@bazinihopp.com
