USA – Canoe Intelligence, a New York-based financial technology company, raised $25M in Series B funding.
The round was led by F-Prime Capital with participation from Eight Roads Ventures.The company intends to use the funds to accelerate expansion into European markets, grow the team in key functional areas, enhance enterprise product offerings, develop new data products, and continue to strengthen its core platform.Led by CEO Jason Eiswerth, Canoe Intelligence is a financial technology company powering alternative investment intelligence for institutional investors, capital allocators, wealth managers, and asset servicing firms. The platform leverages artificial intelligence and machine learning to automatically collect and categorize documents from investor portals and email inboxes, and to extract, validate and deliver clean data to downstream systems, eliminating the need for manual data entry. The platform has over 250 upstream and downstream connections to facilitate streamlined document collection, extraction of data points into Canoe, and data delivery to reporting and analytics workflows. Additionally, the platform boasts a 20,000+ fund master database. Over 200 companies like Blackstone, Carlyle, State Street, SEI, and Hamilton Lane leverage Canoe to refocus capital and human resources on business performance and growth, increase efficiency, and gain deeper access to their data.08/02/2023
