Industry Computer Software Type of business Private | Founded 2013 | |
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Founder Rob BiedermanPeter MaglathlinJoe MillerPatrick Petitti Profiles | ||
Catalant Technologies, Inc., formerly HourlyNerd, provides global enterprises with software solutions to access business expertise on demand.
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Description
Catalant matches business expertise with enterprises for project-based work. Catalant's global network features more than 30,000 boutique firms, custom teams and independent experts, as well as software tools for engaging and managing this market. From the Catalant platform, clients can post projects, receive bids, interview and select experts, track projects, and make payment all in the same place. They can also collaborate with colleagues, as well as store and share project deliverables across their organization.
As of 2016, Catalant served 10% of Fortune 1000 companies, including GE, Pfizer, and Staples.
History
Catalant launched in 2013 under the HourlyNerd brand as part of Harvard Business School's Field III course.
In September 2013, HourlyNerd received $750,000 in seed money led by Mark Cuban.
In March 2014, HourlyNerd announced its Series A financing round, led by Highland Capital Partners and Greylock Partners.
In February 2015, HourlyNerd announced that it had raised $7.8MM in Series B funding, led by Highland Capital Partners, with participation from GE Ventures, Greylock Partners, Intuit founder Scott Cook, the Kraft Group, angel investor Semil Shah, former Etsy CEO Maria Thomas, Rent the Runway Founder/CEO Jennifer Hyman and Boston VC Suffolk Equity Partners.
In July 2016, Catalant announced that it had raised $22MM in Series C funding, led by General Catalyst with participation from Highland Capital Partners, GE Ventures, Mark Cuban, Greylock Partners and Bob Doris of Accanto Partners. This new funding round brought the company's total amount raised to more than $33MM.
This same month, the company announced that it had rebranded from HourlyNerd to Catalant. The parent company, Catalant Technologies, serves both large enterprises and small businesses. The company's small business offering continues to operate under the name "HourlyNerd powered by Catalant".