NEW YORK, July 24, 2024 – Canoe Intelligence (“Canoe”), the platform for smarter alts management, has been honored as a finalist for European FundsTech Provider of the Year: Investments at the Funds Europe Awards 2024.
A panel of judges will meet in September to assess the shortlisted firms independently of Funds Europe. Winners will be revealed at a ceremony at London’s Banking Hall on November 6, 2024.
Funds Europe’s awards acknowledge excellence across asset management firms, asset servicing providers, and technology vendors annually.
This recognition follows Canoe’s recent industry accolades, including “Onboarding” at the Eleventh Annual Family Wealth Report Awards 2024 program, “Most innovative use of AI in an enterprise data management initiative” at the 2024 A-Team Insight Innovation Awards, and “Change Management Process/Best Implementation of a Technology Solution” at the WealthBriefing European Awards 2024.
On July 9th, Canoe completed its Series C financing round of $36 million, led by Growth Equity at Goldman Sachs Alternatives. This marks a significant milestone for Canoe, representing a more than 3x increase in its company valuation. The additional capital will fuel Canoe’s strategic initiatives, global growth, and advancement of its AI-driven financial technology platform for alternative investors.
At the end of Q1, Canoe announced the commercial launch of Canoe Asset Data, an innovative solution to the industry-wide challenge of accessing and using complete, timely, and accurate asset-level data. Toward the end of 2023, Canoe released a number of new product offerings, including Canoe Pro, a comprehensive solution that integrates expert services into the client experience.
These product developments build upon Canoe’s recent successes, including 100% year-over-year growth in both clients and revenue in 2023 and sustained growth in 2024.
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About Canoe Intelligence
Canoe Intelligence (“Canoe”) is a financial technology company dedicated to advancing alternative investment intelligence for institutional investors, capital allocators, wealth managers, and asset servicing firms. Canoe empowers clients with technology, data, and insights to manage alternative assets more efficiently, accurately, and confidently. With a commitment to innovation and excellence, Canoe is redefining the future of alternative investment data management.
MEDIA CONTACT:
Betsy Miller Daitch
Canoe Intelligence
+1 443-690-6200
bdaitch@canoeintelligence.com
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