Canoe Intelligence Secures $36 Million in Series C Funding: Key Points
- 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.
- Investment Plans:
- Focus on developing proprietary AI and machine learning technology.
- Aims to further market expansion.
- 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.
- 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.
