Canoe Nominated in 7 Categories at Data Management Insight Awards Europe 2024
LONDON, NEW YORK, September 11, 2024 – Canoe Intelligence (“Canoe”), the financial technology company powering smarter alts management, has been honored as a finalist for seven categories at the Data Management Insight Awards Europe 2024.
This year, Canoe made A-Team Group’s shortlists for the “Best Cloud-Based Data Management Solution,” “Best AI-Based Solution for Data Management,” “Best Standards Solution for Data Management,” “Best Client On-Boarding Solution,” “Best Data Ops Solution Provider,” “Most Innovative European Data Management Provider,” and “Best Customer Service in European Data Management” categories. Winners will be revealed on December 4, 2024 in London.
Voting for the event is conducted via an online survey for the outlet’s readership that closes Friday, October 4, 2024.
These awards recognize both established solution vendors and innovative newcomers providing leading data management solutions, services and consultancy to capital markets participants across Europe.
This recognition follows other recent industry accolades for Canoe, including wins for “Onboarding” at the Eleventh Annual Family Wealth Report Awards 2024 program, “Most innovative use of AI in an enterprise data management initiative” at the 2024 A-Team Insight Innovation Awards, and “Change Management Process/Best Implementation of a Technology Solution” at the WealthBriefing European Awards 2024.
On July 9th, Canoe completed its Series C financing round of $36 million, led by Growth Equity at Goldman Sachs Alternatives. This marks a significant milestone for Canoe, representing a more than 3x increase in its company valuation. The additional capital will fuel Canoe’s strategic initiatives, global growth, and advancement of its AI-driven financial technology platform for alternative investors.
At the end of Q1, Canoe announced the commercial launch of Canoe Asset Data, an innovative solution to the industry-wide challenge of accessing and using complete, timely, and accurate asset-level data. Toward the end of 2023, Canoe released a number of new product offerings, including Canoe Pro, a comprehensive solution that integrates expert services into the client experience.
These product developments build upon Canoe’s recent successes, including 100% year-over-year growth in both clients and revenue in 2023 and sustained growth in 2024.
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About Canoe Intelligence
Canoe Intelligence empowers over 325 institutional investors, asset servicers, and wealth managers with innovative technology to manage alternative assets efficiently and accurately. Backed by recent growth milestones and a successful Series C financing round led by Growth Equity at Goldman Sachs Alternatives, Canoe continues to redefine the future of alternative investment management.
MEDIA CONTACT:
Betsy Miller Daitch
Canoe Intelligence
+1 443-690-6200
bdaitch@canoeintelligence.com