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§ Private Profile · Boston, MA, USA
An online marketplace connecting businesses with independent expert consultants for part-time projects, serving Fortune 500 firms.
Catalant operates an online marketplace that connects enterprise businesses with independent expert consultants for part-time projects. The platform allows client companies to post specific tasks, review bids, and hire professionals who typically charge between $25 and $150 per hour, with the company taking a percentage fee on each transaction. The network features more than 27,000 independent experts, many of whom possess an average of over 20 years of experience in corporate operations or at major consulting firms. The service is utilized by 30 percent of Fortune 500 companies, including major corporate customers such as GE, Pfizer, Microsoft, and Coca-Cola. The enterprise has also secured early financial backing from prominent individual investors like Mark Cuban. Originally launched as HourlyNerd, the company was founded in 2013 by Rob Biederman, Pat Petitti, Joe Miller, and Peter Maglathlin.
Catalant has raised $141.8M across 6 funding rounds.
Catalant has raised $141.8M in total across 6 funding rounds.
Catalant has raised $141.8M across 6 funding rounds. Most recently, it raised $35.0M Other Equity in April 2021.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Apr 1, 2021 | $35M Venture Round | Morningside | — | Announced |
| Jan 22, 2020 | $35M Series E | William Mcnichols | General Catalyst, GE Ventures, Highland Capital Partners, Salesforce Ventures, SJF Ventures, Bernardo Novick | Announced |
| Jun 27, 2017 | $41M Series D | David Fialkow, DAN Nova | Greylock Partners, The Kraft Group | Announced |
| Jul 5, 2016 | $22M Series C | David Fialkow | BOB Doris, Mark Cuban, SUE Siegel, Greylock Partners, DAN Nova | Announced |
| Feb 1, 2015 | $8M Series B | DAN Nova | Andreessen Horowitz, Atomic, Jenny Fielding, Scott Hartley, Great Oaks Venture Capital, Lazerow Ventures, Renegade Partners, JOE Greenstein, Roger Ehrenberg, Jennifer Hyman, Maria Thomas, Scott Cook, Semil Shah, SUE Siegel, Greylock Partners, Suffolk Equity, The Kraft Group | Announced |
| Sep 13, 2013 | $750K Seed | Mark Cuban | Accanto Partners, Connect Ventures | Announced |
Catalant has raised $141.8M in total across 6 funding rounds.
Catalant's investors include Morningside, William McNichols, General Catalyst, GE Ventures, Highland Capital Partners, Salesforce Ventures, SJF Ventures, Bernardo Novick, David Fialkow, Dan Nova, Greylock Partners, The Kraft Group.
Catalant is a technology platform that delivers Consulting 2.0, providing on-demand access to seasoned consultants and operators for enterprises tackling complex business challenges.[3][4] It serves Fortune 500 companies, private equity firms, and professional services across industries like manufacturing, CPG, financial services, ecommerce, and healthcare technology, solving issues such as skill gaps, capacity constraints, and the limitations of traditional big consulting's high overhead, rigidity, and slow deployment.[3][4] Catalant's model enables rapid assembly of fit-for-purpose teams—via Catalant Teams for large transformations, Benches for critical initiatives, or Advisory for strategic guidance—driving outcomes like 20% operational efficiency gains, $3B in digital revenue growth, and 21,675% ROI for clients.[1][3]
The platform has empowered over 700 businesses in 20+ countries, completing 16K+ projects, with 30% of the Fortune 500 as clients, demonstrating strong growth momentum through its scalable, technology-enabled matching of experts averaging 20+ years of experience from top firms and corporations.[4]
Catalant originated at Harvard Business School in 2013, founded to address inefficiencies in traditional consulting by creating a digitally-enabled marketplace for "needle in a haystack" expertise.[4] The idea emerged from recognizing the challenges businesses face in sourcing specialized talent quickly and the difficulties independent high-caliber professionals encounter in finding opportunities, leading to the invention of Consulting 2.0—a flexible, fast, and fair-value alternative to legacy firms.[3][4] Early traction built on curating a global community of ex-consultants and operators, evolving from a novel solution into a platform trusted by thousands of leading companies over a decade, led by executives with decades of global experience.[4] Pivotal moments include scaling to serve 30% of the Fortune 500 and delivering high-impact case studies across sectors.[4]
Catalant's strengths lie in its modernized consulting model, distinguishing it from big consulting firms:
Catalant rides the wave of digital transformation and AI adoption, where enterprises demand agile expertise to implement emerging tech like generative AI, cloud architecture, and enterprise modernization amid competitive pressures.[1] Timing is ideal as legacy consulting struggles with overhead and delays, while business leaders seek scalable, on-demand solutions for R&D acceleration, operational efficiency, and value-driven tech investments—market forces amplified by post-pandemic agility needs and tech commercialization in TMT sectors.[2][3] It influences the ecosystem by democratizing access to elite talent, empowering 700+ firms globally, fostering innovation (e.g., $3B revenue growth via digital strategies), and bridging skill gaps for startups and scale-ups without full-time hires.[3][4]
Catalant is poised to expand as AI and digital demands intensify, potentially deepening integrations with enterprise tools for even faster matching and venturing into new verticals like biotech or sustainability consulting. Trends like remote expert networks and outcome-based pricing will shape its growth, evolving its influence from a consulting disruptor to an indispensable infrastructure for global business problem-solving. This positions it to capture more of the $1T+ management consulting market, building on its decade of momentum.