Canoe Nominated for Multiple Categories Across Global Fund Media’s 2024 Private Equity Wire and Hedgeweek US Awards
NEW YORK, July 25, 2024 – Canoe Intelligence (“Canoe”), the platform for smarter alts management, has been honored in four categories across Global Fund Media’s two upcoming awards programs, the Private Equity Wire US Awards and the Hedgeweek US Awards.
This year, Canoe made Private Equity Wire’s shortlist for the “Data Management Solution of the Year” award. Winners will be revealed at a ceremony and networking event at The Penn Club in New York City on October 9, 2024.
Canoe also made Hedgeweek’s shortlist for three categories: “AI Technology Provider of the Year,” “Cloud Services Provider of the Year,” and “Data Management Solution of the Year” awards. Winners will be named the following night, October 10, 2024, also at The Penn Club in New York.
Voting for the event is conducted via online polls of each respective outlet’s readership that closes Friday, August 16, 2024.
Through their awards programs, Private Equity Wire and Hedgeweek look to reward fund performance and service provider excellence in US-based private equity and hedge funds, respectively, across a wide range of categories. Based on voting from within the industry itself, the results help prospective clients to make decisions and choices that can add value to their own businesses.
For Private Equity Wire’s service provider categories, the nominated firms are based on a widespread survey of more than 500 GPs and other industry participants. Similarly, Hedgeweek’s nominations for service provider categories are determined via a survey of over 500 fund managers and industry participants.
Last year, Canoe also made Hedgeweek’s shortlist for the “Best Alternative Data Provider” category and Private Equity Wire’s shortlist for the “Best Data Management Solution,” “Best New Solution Provider,” and “Best Start-Up Solution” categories.
This news follows Canoe’s recent industry accolades, including “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.
###
About Canoe Intelligence
Canoe Intelligence (“Canoe”) is a financial technology company dedicated to advancing alternative investment intelligence for institutional investors, capital allocators, wealth managers, and asset servicing firms. Canoe empowers clients with technology, data, and insights to manage alternative assets more efficiently, accurately, and confidently. With a commitment to innovation and excellence, Canoe is redefining the future of alternative investment data management.
MEDIA CONTACT:
Betsy Miller Daitch
Canoe Intelligence
+1 443-690-6200
bdaitch@canoeintelligence.com