COMPANY INFO
The company's actual name is Canoe Intelligence, founded in 2013 by Wei Wang. It is a financial technology company headquartered in New York City with approximately 180-200 employees. Canoe Intelligence provides cloud-based AI-powered investment document and data management solutions designed to streamline and automate data processes for alternative investment firms. The company’s website is canoeintelligence.com, and it operates in the financial services industry, focusing on enhancing efficiency and insight for institutional investors and asset managers through automation technology.
Canoe Intelligence is a financial technology company founded in 2013 by Wei Wang and headquartered in New York City. Operating with approximately 180-200 employees, Canoe Intelligence delivers cloud-based, AI-powered investment document and data management solutions, aiming to streamline and automate workflows for alternative investment firms. Serving the financial services industry, the company enhances efficiency and provides deeper insights for institutional investors and asset managers through automation technology.
Canoe Intelligence funding has demonstrated a consistent growth trajectory, with the company raising a total of $72.8 million over four distinct funding rounds. The latest Canoe Intelligence funding round was a Series C in July 2024, bringing in $36 million and underscoring continued investor confidence in their scalable technology platform. Previous funding milestones have included Series A and B rounds led by prestigious firms, supporting both product development and global expansion. Canoe Intelligence investors include globally recognized financial institutions and venture capital leaders, contributing strategic guidance and capital to drive the company’s mission forward. Each Canoe Intelligence funding round has aligned with major product advancements, workforce expansion, and market positioning, illustrating a targeted and ambitious investment strategy.
The Series C round was raised to accelerate market expansion and advance Canoe Intelligence’s AI-driven financial technology platform, strengthening its position as an industry leader for alternative investment data management.
Canoe Intelligence completed its Series B funding to support continued company growth, scaling the business to serve a larger market segment and enhance their investment document automation capabilities.
The September 2021 Series A round focused on product development and market positioning, helping Canoe Intelligence further solidify its platform and expand into new use cases.
Canoe Intelligence’s initial Series A funding supported the company's early product launch and powered its foundational growth within the financial technology sector.
Goldman Sachs, a global leader in investment banking and financial services, led Canoe Intelligence’s Series C funding round, providing both capital and strategic expertise to drive further market expansion.
F-Prime Capital, a leading global venture capital firm based in Boston, participated in both Series C and Series B rounds. Their investment supports Canoe Intelligence’s long-term growth and leadership in automated investment data management.
Eight Roads Ventures, a prominent international venture capital firm, co-led Canoe Intelligence’s Series B and participated in the Series C round, helping to connect Canoe with a broad network and industry know-how.
Blackstone, one of the world’s largest alternative asset managers, led the undisclosed Series A round in September 2021, playing a strategic role in advancing Canoe Intelligence’s platform adoption across institutional client bases.
The Carlyle Group, a global investment firm, was a key backer in the September 2021 Series A round, providing both capital and strategic market insight to help Canoe Intelligence grow its client reach.
Nasdaq, renowned for its global marketplace and investment in fintech innovation, co-led Canoe Intelligence's first Series A round in January 2020, supporting early product launch and implementation.
Hamilton Lane, a leading private markets investment management firm, also co-led the January 2020 Series A round, lending sector expertise and credibility to Canoe Intelligence’s early trajectory.
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