Canoe nominated for 3 categories across With Intelligence’s Private Asset Management Awards 2025
NEW YORK, December 19, 2024 – Canoe Intelligence (“Canoe”), the platform for smarter alts management, has been nominated across three categories for With Intelligence’s Private Asset Management Awards 2025.
This year, Canoe made the shortlists for “Wealth management innovations”, “Best alts solution for private wealth firms”, and “Best technology platform for family offices”. Winners will be announced on February 5, 2025, at the iconic Guastavino’s in New York.
Now in its 21st year, the Private Asset Management Awards honor outstanding achievements in the US private wealth management space. The awards bring together investment professionals, wealth advisors, legal firms, consultants, and other key service providers to celebrate, network, and recognize excellence.
Canoe’s unique, purpose-built technology is designed to respond to alternative investors’, including wealth managers and family offices, industry-wide demand for tailored and trustworthy alternative document and data management automation systems. Canoe’s solutions intelligently leverage the capabilities of AI and ML to fully automate document collection, data extraction, validation, and normalization before making the data accessible to clients’ reporting systems of choice via the cloud.
In addition to this program, Canoe recently made the shortlist for the With Intelligence Fund Operations and Services Awards.
This year, Canoe has also won a number of awards including the WatersTechnology Buy-Side Technology Awards for “Best Cloud Based Solution”, Funds Europe Awards for “European FundsTech Provider of the Year: Investments”, A-Team Group’s Data Management Insight Europe Awards for “Best Data Ops Solution Provider”, and CIO’s Industry Innovation Awards for “Data and Technology.” 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
