# Canoe Intelligence

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/canoe-intelligence

- Industry: Financial Services
- Headquarters: New York, US
- Website: www.canoeintelligence.com
- Total disclosed funding: $73M
- Latest round: Series C (Jul 9, 2024)
- Investors on record: 9

## About

Canoe Intelligence, based in the US, specializes in automated data management solutions, enhancing operational efficiency in the alternative investments sector. Its innovative products streamline data retrieval and transform unstructured investment data into actionable insights.Founded in 2017 and headquartered in New York, US, Canoe Intelligence provides automated data management solutions tailored for alternative investments. Led by CEO Jason Eiswerth, the company has successfully completed five deals, including the latest Series C round in July 2024, which raised USD 36.00 mn and was led by Goldman Sachs Merchant Banking Division, with participation from F-Prime Capital and Eight Roads Ventures. The total amount raised by the company to date is USD 36.00 mn, with a current valuation of USD 278.87 mn.Canoe Intelligence offers comprehensive automated data management solutions designed to optimize the alternative investments landscape. Their suite includes Canoe Connect, Canoe Intelligence, Canoe Asset Data, Canoe Tax, and Canoe Pro. These products facilitate seamless data retrieval, deliver comprehensive insights, and streamline workflow management. The solutions integrate with over 500 connected portals, significantly reducing document retrieval times and enhancing data accuracy for clients, which include wealth managers, institutional investors, family offices, capital allocators, and global asset servicers across North America, Europe, and Asia-Pacific.Canoe Intelligence operates on a subscription-based revenue model, delivering its data management solutions to a diverse clientele of institutional clients. Subscriptions typically involve annual or monthly fees depending on the selected service tier, which may comprise individual products or bundled offerings. This pricing structure reflects the extensive capabilities of their services, aiding clients in data management, reporting, and analytics, thereby promoting a transition from manual processing to strategic data management initiatives.With the recent Series C funding of USD 36.00 mn raised in July 2024, Canoe Intelligence plans to invest in developing proprietary AI and machine learning technology to enhance its back-to-front office capabilities. The company aims to expand its product offerings and improve existing solutions while targeting growth in new geographic regions across North America, Europe, and Asia-Pacific. This strategic direction is designed to further enhance the company’s value proposition in the alternative investments space.

## Funding rounds

- Series C, Jul 9, 2024, $36M — Eight Roads Ventures, F-Prime Capital, Goldman Sachs Asset Management
- Series B, Feb 8, 2023, $25M — Eight Roads Ventures, F-Prime Capital
- Series A, Sep 9, 2021 — Blackstone Group, Carlyle Group, Hamilton Lane
- Series A, Jan 9, 2020, $12M — Hamilton Lane, Promus Holdings, Nasdaq Ventures, Portage Partners

## Investors

- Hamilton Lane (https://capitalatlas.ai/funds/hamilton-lane) — Series A
- Promus Holdings — Series A
- Nasdaq Ventures (https://capitalatlas.ai/funds/nasdaq-ventures) — Series A
- Portage Partners — Series A
- Blackstone Group (https://capitalatlas.ai/funds/blackstone-group) — Series A
- Carlyle Group (https://capitalatlas.ai/funds/carlyle-group) — Series A
- Eight Roads Ventures (https://capitalatlas.ai/funds/eight-roads-ventures) — Series B, Series C
- F-Prime Capital (https://capitalatlas.ai/funds/f-prime-capital) — Series B, Series C
- Goldman Sachs Asset Management (https://capitalatlas.ai/funds/goldman-sachs-asset-management) — Series C