Digital matchmaking start-up Catalant has received a new round of capital investment. The Boston-based firm which helps companies select and engage with consultants has raised an additional $41 million in new investment, as the group’s Series D funding round draws to a close. The new injection brings Catalant’s total financing to more than $73 million.
Formerly named HourlyNerd.com, the start-up is one of the best known marketplaces for freelance professional services talent in the United States. Established in 2013 by Co-CEOs Rob Biederman and former Booz Allen Hamilton consultant Patrick Petitti. The pair were keen to provide a more personalised and efficient service than clients would obtain directly from traditional management consultancies. According to Petitti, “I would go to a customer site every day, sit in a windowless conference room with two people who were just out of college, and we were told to deliver business value… It’s not uncommon for people to spend the first half of a project getting to know an industry.”
Since then, the company have built a global network of more than 40,000 independent consultants and boutique firms specialising in research, strategy, marketing, finance, sales, operations and product initiatives. The large system of professionals enables […]