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Canoe Intelligence
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Automates data management for alternative investments
Canoe Intelligence
Work Here?
Automates data management for alternative investments
About Canoe Intelligence
Industries
Fintech
Financial Services
Company Size
51-200
Company Stage
Series C
Total Funding
$59.3M
Headquarters
New York City, New York
Founded
2017
Overview
Canoe Intelligence automates data management for the alternative investments industry, helping clients like institutional investors, asset servicers, capital allocators, and wealth managers manage complex portfolios that include private equity and hedge funds. The company's technology automates the extraction, reconciliation, and analysis of investment data from various documents, significantly reducing the time and effort needed for these tasks. This allows clients to focus on strategic decision-making instead of administrative work. Canoe operates on a software-as-a-service (SaaS) model, where clients pay a subscription fee for access to its platform, ensuring a steady revenue stream and continuous updates. By providing substantial time savings and improved accuracy, Canoe differentiates itself from competitors in the fintech market, aiming to enhance efficiency in the alternative investments sector.
Simplify's Take
What believers are saying
- Canoe raised $36 million in Series C funding, tripling its valuation since Series B.
- The company achieved 100% year-over-year growth in clients and revenue, serving over 1,000 LPs.
- Canoe's technology addresses the growing demand for AI-driven data management in alternative investments.
What critics are saying
- Emerging fintech startups offering similar solutions could erode Canoe's market share.
- Continuous technological advancements may require costly updates to Canoe's platform.
- Economic downturns in the alternative investments sector could reduce demand for Canoe's services.
What makes Canoe Intelligence unique
- Canoe automates data extraction from complex investment documents using AI and machine learning.
- The company offers a SaaS platform, ensuring continuous updates and improvements for clients.
- Canoe's new Asset Data solution provides detailed asset-level data for alternative investments.
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Funding
Total Funding
$59.3M
Below
Industry Average
Funded Over
2 Rounds
Industry standards
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↑ 3%2 year growth
↑ 32%Canoe Intelligence, the financial technology company powering smarter alts management, has raised $36 million in Series C financing round, led by Growth Equity at Goldman Sachs Alternatives with participation from existing investors F-Prime Capital and Eight Roads.
Goldman Sachs leads $36 million funding round in Canoe Intelligence.
With the additional funding, Canoe will continue investing in building proprietary AI and machine learning technology to enhance its comprehensive back-to-front office capabilities.
Yapay zeka ve makine öğrenimi teknolojilerini kullanarak yatırım yapılmasına odaklanan Canoe Intelligence, 36 milyon dolar yatırım aldı. Şirketin 36 milyon dolarlık C serisi yatırım turu, Goldman Sachs liderliğinde gerçekleşti. ABD merkezli şirketin yatırım turunda F-Prime Capital ve Eight Roads da yer aldı.Canoe Intelligence, en son 2023 yılında 25 milyon dolarlık B serisi yatırım turu ile karşımıza çıkmıştı. Canoe Intelligence tarafından aktarılan bilgilere göre 2023 yılından bu yana şirketin değerlemesi 3 katına çıktı. Girişim, yeni gelen yatırımı Ar-Ge yatırımı yapmak ve hizmetlerini genişletmek için kullanılacağını açıkladı.Canoe Intelligence, 2013 yılında özel yatırım firması Portage Partners bünyesinde kuruldu. Canoe, 2017 yılında Portage'tan ayrılarak bağımsız bir şirket olarak faaliyet göstermeye başladı
Canoe Intelligence raises $36 million Series C funding led by Goldman Sachs.
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About Canoe Intelligence
Industries
Fintech
Financial Services
Company Size
51-200
Company Stage
Series C
Total Funding
$59.3M
Headquarters
New York City, New York
Founded
2017
There are no jobs for Canoe Intelligence right now.
Find jobs on Simplify and start your career today