Catalyte, a Baltimore, Maryland-based company specializing in apprenticeship programs and talent development, has secured $1.5 million in funding.
SaaS Investors
The round was led by Green Street Impact Partners.
Green Street Impact Partners is a sector-specific private equity fund that invests growth capital in companies leveraging technologies to catalyze innovation across the education lifecycle, from K–12 to higher education to workforce learning.
Catalyte Use of Funds
The company will use the investment to accelerate the growth of its apprenticeship programs, which deliver highly-vetted talent to employers, helping both private and public sector organizations de-risk their hiring processes, increase productivity, lower costs, and drive sustainable diversity.
About Catalyte
Founded in 2000, Catalyte is an AI-driven company that leverages 500+ data points to continuously refine its AI-powered, end-to-end reskilling platform to discover, develop, and deploy high-potential talent into new careers, regardless of their background. Catalyte has delivered day-one-ready talent to such notable organizations as Nike, GroupM, the State of Maryland, and USA Swimming. It currently offers apprenticeship programs in software development, sales, digital media, cyber security, IT services, and project management.
Funding Details
Company: Catalyte, Inc.
Raised: $1.5M
Round: Unknown
Funding Month: September 2023
Lead Investors: Green Street Impact Partners
Additional Investors:
Company Website: https://www.catalyte.io/
Software Category: AI-powered, end-to-end reskilling platform
Source: https://www.catalyte.io/company-news/fundraising-green-street-impact-partners/