Startups at Catalyst Spaces Raises $5.6M in Venture Capital in Q4 2017

ORLANDO, Fla. - Feb. 19, 2018 - PRLog -- Startups at Catalyst Spaces, a coworking space in downtown Orlando, raised $5.6M in venture capital in the fourth quarter of 2017. Finexio, the smart b2b payment network that eliminates paper-based checks for accounts payable departments, has accelerated its go-to-market strategy by completing an oversubscribed $4 million Series A round. Finexio relocated to Orlando from Silicon Valley and joined Catalyst in March of 2017. Switchboard Live, a live video and social media management startup, raised a $1.5 million Seed round. Switchboard Live joined Catalyst in 2015.

Ernest Rolfson, Finexio founder and CEO, said, "Catalyst is the only coworking space for serious entrepreneurs looking to raise capital and scale their company in Orlando. Dennis was a big help to the company during our fundraising process, and runs a beautiful, open, and welcoming environment in the heart of downtown."

Rudy Ellis, Switchboard Live cofounder and CEO, said, "I am thrilled our startup is at Catalyst. Catalyst's community of members, mentors, advisors, and early-stage investors has provided us access to ideas, talent, and capital needed to grow and scale our business."

Dennis R. Pape, Catalyst cofounder said, "When I first envisioned Catalyst in the summer of 2012, I imagined that we would become a home for Orlando entrepreneurs scaling their startups. I am gratified to see Finexio's and Switchboard Live's growth and happy that Catalyst's community and resources is helping high-growth startups like Finexio and Switchboard Live achieve success."