InspiredMinds! Embraces New Chapter as Growth Catalyst Partners Takes Over
Deal News | Nov 20, 2024 | PR Newswire Cision Growth Catalyst Partners
Growth Catalyst Partners, a private equity firm in the United States, has acquired InspiredMinds!, a UK-based AI community and technology strategy group. Founded by Sarah Porter in 2017, InspiredMinds! is notable for its extensive AI community spanning over 160 countries and its prestigious AI summits like World Summit AI and Intelligent Health. The acquisition aims to bolster InspiredMinds! presence in the U.S. market, facilitating the growth of its community focused on ethical AI. The firm will be integrated into the Data Society Group yet continue to operate independently, with plans to launch AI summits in the U.S. by 2025. The coalition with Growth Catalyst Partners is expected to enhance InspiredMinds! capability in advancing responsible AI innovations globally.
Sectors
- Private Equity
- Artificial Intelligence
- Tech-Enabled Services
Geography
- United States – Growth Catalyst Partners is based in the U.S., and the expansion plans for AI summits target the U.S. market.
- United Kingdom – InspiredMinds! is a UK-based company acquired by Growth Catalyst Partners, highlighting its origins and the cross-border nature of the acquisition.
Industry
- Private Equity – Growth Catalyst Partners, a private equity firm, is involved in the acquisition, highlighting the role of private equity in investing and expanding tech-focused companies.
- Artificial Intelligence – The acquisition centers around InspiredMinds!, a prominent player in the AI sector, indicating a focus on AI technology and innovation.
- Tech-Enabled Services – Growth Catalyst Partners focuses on investing in tech-enabled services, as evidenced by this acquisition to broaden AI service offerings.
Financials
- – The financial terms of the acquisition deal have not been disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Growth Catalyst Partners | Buyer | Company | A U.S.-based private equity firm focused on investing in information, marketing, and tech-enabled services. |
| InspiredMinds! | Target Company | Company | A UK-based AI community and technology strategy group founded in 2017, well-known for organizing significant AI summits. |
| Sarah Porter | Founder & CEO of InspiredMinds! | Person | Founder of InspiredMinds! and a pioneering AI advisor and technology entrepreneur. |
| Connor Dawson | Managing Director | Person | Managing Director of Growth Catalyst Partners, involved in the acquisition process. |
| Doug Llewellyn | CEO of Data Society Group | Person | CEO of Data Society Group, an affiliated company with Growth Catalyst Partners, which InspiredMinds! will be integrated into. |
| Data Society Group | Other Company | Company | A U.S.-based platform that develops future fluent workforces through data and AI, to which InspiredMinds! will be integrated. |