Bryce Catalyst, an investment company focused on high growth sectors including cyber security, legal technology and regulation technology, has hired Leon Hounshell, chief product officer at EarthLink, to its advisory team.
Hounshell is known for his expertise in bringing innovative products to market and at EarthLink was responsible for the expansion of data and security products and EarthLink’s internet of things strategy. According to LinkedIn, he has been working with Bryce Catalyst since October last year.
“Bryce Catalyst’s operators for operators approach fits nicely into my wheelhouse,” said Hounshell. “I believe my background in both cyber security and the start-up space will allow me to help the team make knowledgeable decisions when working with these in-demand companies. I look forward to bringing my expertise to the team and being part of the continual rapid growth of Bryce Catalyst.”
Bryce Catalyst, which recently hired Dan Wales as an advisor, is currently raising $100 million through an SPV (special purpose vehicle) to invest into software companies focused in cyber security, legal technology and regulation technology. Demand for these companies is predicted to increase over the next several years. In anticipation for the capital raise and demand, Bryce Catalyst has several pre-vetted investments in its pipeline.
The model sees advisors invest their own money in the SPV and work with the companies they invest in. Wales has taken on the role of chief growth officer in dealcloser, which Bryce Catalyst invested $1.75m in at the start of the year.
“We are very fortunate to have such a high level of experience within our advisory team, ready to help strengthen our strategic positioning,” said Erik Baklid, COO of Bryce Catalyst. “We are very excited to continue our growth journey with Leon and for the future direction of the team and our company.”
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