Canoe Intelligence bags $36m Series C led by Goldman Sachs

Canoe Intelligence Secures $36 Million in Series C Funding: Key Points

1. Funding Details:
   • Canoe Intelligence raised $36 million in a Series C funding round.
   • Led by Growth Equity at Goldman Sachs Alternatives.
   • Supported by existing investors Eight Roads and F-Prime Capital.
   • More than tripled the company’s valuation from its $25 million Series B in 2023.
2. Investment Plans:
   • Focus on developing proprietary AI and machine learning technology.
   • Aims to further market expansion.
3. Company and Platform:
   • Founded in 2017, based in New York.
   • Services over 325 institutional investors, capital allocators, wealth managers, and asset-servicing firms.
   • Offers a cloud-based alternative investments platform.
   • Utilizes AI and machine learning to automate data gathering and categorization, reducing manual data entry.
4. Leadership:
   • Jason Eiswerth, CEO, emphasizes commitment to delivering comprehensive back-to-front office solutions and data integrity.
   • Recently appointed Noel Calhoun, a former CIA analyst, as Chief Technology Officer in February.