Ryan McNally joins company’s Board of Directors
NEW YORK & SAN FRANCISCO, NOVEMBER 19, 2015 – 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.
PresenceLearning (www.presencelearning.com) is the leading telehealth network of providers of clinical services and assessments to educational organizations. The PresenceLearning care network has provided over one million sessions of live, online speech-language therapy, occupational therapy, behavioral interventions and mental health services, diagnostic services and assessments, and early childhood services for children with special needs.