Canoe Intelligence

Automates data management for alternative investments

New York City, New York, United States

About Canoe Intelligence

Canoe Intelligence automates data management for the alternative investments industry, serving clients like institutional investors, asset servicers, capital allocators, and wealth managers. Its technology simplifies the extraction, reconciliation, and analysis of investment data from various documents, which helps clients save time and focus on strategic decisions instead of administrative tasks. 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. The company stands out by providing significant efficiency gains and improved accuracy in managing complex investment portfolios, making it a valuable partner for those in the alternative investments sector.

New York City, New YorkHeadquarters
2017Year Founded
$59.3MTotal Funding
SERIES_CCompany Stage
Fintech, Financial ServicesIndustries
51-200Employees

Risks

Emerging fintech startups may increase competition, potentially eroding Canoe's market share.
Rapid technological advancements require costly updates to Canoe's platform to stay competitive.
Economic downturns could impact the alternative investment sector, affecting Canoe's revenue.

Differentiation

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 technology transforms PDF reports into actionable data, enhancing operational efficiency.

Upsides

Canoe raised $36 million in Series C funding, tripling its valuation since 2023.
The company achieved 100% year-over-year growth in clients and revenue, serving over 1,000 LPs.
Canoe's new Asset Data solution addresses demand for detailed asset-level data in investments.

Funding

Total raised$59.34 M
Latest valuation$180.00 M
StageSERIES_C
$36
$180.00 M
$25
$125.00 M