# Canalyst Financial Modeling Corporation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/canalyst-financial-modeling

- Industry: Software
- Headquarters: Vancouver, Canada
- Website: www.canalyst.com
- Total disclosed funding: $87M
- Latest round: Series C (Jan 18, 2022)
- Investors on record: 7

## About

Canalyst Financial Modeling Corporation provides advanced financial modeling tools and data analytics services, specifically designed for investment professionals to support informed decision-making.Founded in 2015, Canalyst Financial Modeling Corporation is headquartered in Vancouver, Canada, and specializes in financial modeling for investment professionals. The company has completed a total of 6 deals. In its latest funding round, an ADD-ON Trade Sale raised CAD 400.000 mn, led by Tegus, Inc., contributing to a total amount raised of CAD 87.600 mn. The CEO of Canalyst is Damir Hot, while the company was founded by James Rife.Canalyst specializes in providing a comprehensive suite of financial modeling tools and data analytics services tailored for investment professionals. Their core product offerings consist of over 4,000 fundamental financial models that encompass all key performance indicators (KPIs) necessary for informed investment decisions. These models are meticulously built and continuously updated by a dedicated research team of over 100 analysts, leveraging advanced technology to ensure accuracy and reliability. Canalyst's platform enhances research workflows, enabling clients to identify investment opportunities efficiently. The company serves over 400 of the world’s leading investment managers, banks, and corporations, delivering insights across North America, Europe, and Asia-Pacific regions.Canalyst generates revenue through a subscription-based model, allowing clients to access its extensive library of financial models and data services. Clients typically enter into agreements for annual subscriptions, which provide continuous access to updated models and analytics vital for investment professionals such as analysts and portfolio managers who rely on accurate data for their financial analyses. The revenue model fosters long-term partnerships with clients by delivering ongoing value through their offerings, particularly through their fundamental models and data analytics services integral to investment evaluations.Canalyst plans to leverage recent funding from Gallant Investment Partners to enhance its product offerings and expand into new markets. This includes launching new financial modeling tools designed to meet evolving client needs, although specific release dates have not been disclosed. The company is also targeting expansion into additional markets in Europe and Asia-Pacific by 2025 to increase its global footprint and client base.

## Funding rounds

- Series C, Jan 18, 2022, $69M — CPP Investment Board, Vanedge Capital, Dragoneer Investment Group, Scale Up Ventures, Alta Fox Capital Management, HighSage Ventures
- Series B, Jan 20, 2020, $15M — Vanedge Capital, Scale Up Ventures
- Seed, Jun 8, 2017 — WorldQuant Ventures
- Seed, Aug 29, 2016, $2.7M — Vanedge Capital

## Investors

- Vanedge Capital (https://capitalatlas.ai/funds/vanedge-capital) — Seed, Series B, Series C
- WorldQuant Ventures (https://capitalatlas.ai/funds/worldquant-ventures) — Seed
- Scale Up Ventures (https://capitalatlas.ai/funds/scale-up-ventures) — Series B, Series C
- CPP Investment Board — Series C
- Dragoneer Investment Group (https://capitalatlas.ai/funds/dragoneer-investment-group) — Series C
- Alta Fox Capital Management — Series C
- HighSage Ventures (https://capitalatlas.ai/funds/highsage-ventures) — Series C