Canoe named winner of “Data and Technology” in CIO’s 2024 Industry Innovation Awards
NEW YORK, December 20, 2024 – Canoe Intelligence (“Canoe”), the financial technology company powering smarter alts management, has been named the winner of the “Data and Technology” category in CIO’s 2024 Industry Innovation Awards.
These awards recognize asset owners, asset management firms, and consultants who have demonstrated exceptional leadership and achieved remarkable success despite a challenging economic climate marked by volatile markets, fluctuating inflation, and shifting interest rates. Canoe’s mission is to elevate the industry standard for the alternative investment space by enhancing data and document management processes and providing more comprehensive and accurate insights through our state-of-the-art tech solutions.
Canoe has recently been recognized with several industry nominations, including shortlists for the With Intelligence Fund Operations and Services Awards and With Intelligence Private Asset Management Awards.
This year, Canoe has also won a number of awards including the WatersTechnology Buy-Side Technology Awards for “Best Cloud Based Solution”, WatersTechnology American Financial Technology Awards for “Best new technology introduced over the last 12 months”, and Funds Europe Awards for “European FundsTech Provider of the Year: Investments.” Canoe has also been honored in the Financial Technology Report’s Top 100 Financial Technology Companies of 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. In 2024, Canoe also introduced a wealth of new features—like the Connect Summary Dashboard, Document Rules Engine, and Activity Summary Email—all tailored to solve real-world challenges for investors. And, after launching Canoe Pro in 2021, Canoe recently expanded the program with four new Pro Partners to better tailor those services to clients’ needs.
These developments build upon Canoe’s achievements in 2024, including 40% year-over-year growth in global clientele and 70% year-over-year growth in revenue.
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About Canoe Intelligence
Canoe Intelligence empowers over 375 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
