Otterbein-based Catalyte is raising money for an ongoing round, according to a recent Securities and Exchange Commission (SEC) filing.
The tech workforce development company posted a raise of $1.52, according to the Form D it submitted to the SEC on Wednesday. Based on details in the filing, the company has already secured 15 investors and seeks to raise a total of $5 million. When reached for comment, Catalyte Communications Director Adam Curtis stated that this round was “ongoing,” and therefore declined to provide more information.
Whatever the company plans to do with this money, the raise comes after several years of noteworthy growth by the company, which includes its acquisition of digital marketing company The Agency Shop in January 2023 and the hire of new CEO and ex-Twitter exec Matt Derella a month earlier.
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