Canoe Intelligence Wins “Technology Innovation” Category at The Drawdown Awards 2024
LONDON, June 20, 2024 – Last week, The Drawdown announced that Canoe Intelligence (“Canoe”), the financial technology company powering smarter alts management, had won the “Technology Innovation” category at The Drawdown Awards 2024.
The Drawdown Awards bring together GPs, LPs, and their service providers to celebrate outstanding achievements in private equity operations during 2023. The rigorous judging process is based on the views of a panel of leading private capital fund COOs, CFOs, CCOs, GCs, and CTOs. The “Technology Innovation” award, which falls within the service provider categories, were judged by chief financial officers, chief operating officers, heads of technology, and general counsels at private equity firms.
Canoe’s winning entry was announced on June 13, 2024, at an awards gala hosted at the De Vere Grand Connaught Rooms in London. Canoe was named a finalist in two award categories, “Data Technology” and “Technology Innovation,” and this year marks the fourth in a row where the firm was named a finalist in The Drawdown Awards programmes. In 2022, Canoe won for the “Technology: Data” category. In 2021, Canoe was also named the winner in the same “Technology Innovation” category.
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. Canoe continues to advance operational excellence through the expansion of its platform and product suite, exemplifying its commitment to innovation and industry-leading product development in the alternative investment industry.
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About Canoe Intelligence
Canoe Intelligence redefines alternative investment data processes for hundreds of leading institutional investors, capital allocators, asset servicing firms, and wealth managers. By combining industry expertise with the most sophisticated data capture technologies, Canoe’s technology automates the highly frustrating, time-consuming, and costly manual workflows related to alternative investment document and data management, extraction, and delivery. With Canoe, clients can refocus capital and human resources on business performance and growth, increase efficiency, and gain deeper access to their data. Canoe’s AI-driven platform was developed in 2013 for Portage Partners LLC, a private investment firm. Learn more: www.canoeintelligence.com
MEDIA CONTACT:
Betsy Miller Daitch
bdaitch@canoeintelligence.com
+1.443.690.6200