Canoe wins Best Alternative Investment Platform in 2025 FinTech Breakthrough Awards Program
NEW YORK, March 20, 2025 – Canoe Intelligence (“Canoe”), the platform for smarter alts management, has been selected as the winner of the “Best Alternative Investment Platform” award in FinTech Breakthrough’s 9th annual FinTech Breakthrough Awards program.
Winners were announced virtually on March 19, 2025. The FinTech Breakthrough Awards is the premier awards program founded to recognize the FinTech innovators, leaders and visionaries from around the world in a range of categories, including Digital Banking, Personal Finance, Cryptocurrencies, Lending, Payments, Investments, RegTech, InsurTech, and many more. Last year, Canoe won in the Best Institutional Investment Solution category for the 2024 FinTech Breakthrough Awards.
“Canoe serves as a catalyst in the alt investment sphere, creating a dynamic flow of actionable intelligence. Portfolios have grown more diverse and complex, as has the operational infrastructure and processes that facilitate the exchange of information. Investment teams struggle with managing hundreds of concurrent fund investments across a growing number of portals,” said Steve Johansson, Managing Director, FinTech Breakthrough. “Through its automated infrastructure, Canoe is a lifeline for clients managing alternative investments, helping them to accelerate critical reporting workflows, eliminate costly manual errors, and dramatically improve data access and quality at scale.”
“Our simplified automation transforms your alternative investment data, delivering clean, reliable data without the tedious, error-prone manual work. We will continue to revolutionize the alts data operations by delivering cutting-edge technology, AI-enabled workflows, and deeper GP-LP connectivity to accelerate our impact across the industry,” said Noel Calhoun, CTO of Canoe.
This announcement adds to Canoe’s growing list of recent achievements, including wins for “Wealth Management Innovations” at With Intelligence’s Private Asset Management Awards 2025, “Best Machine Learning Development” and “Best Data Management Solution – Back/Middle Office” at With Intelligence’s Fund Operations and Services Awards 2025, “Artificial Intelligence (AI) Application” and the firm’s CTO, Noel Calhoun, for “Chief Technology Officer (CTO)” at WealthBriefing’s WealthTech Americas Awards 2025.
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.
As of the end of 2024, Canoe proudly operated in eight countries and 31 US states to support clients across more than two dozen countries. Today, Canoe supports over 1,000 LPs, 44,000 funds, 750,000 commitments, and $8T+ in AUM/AUA across its global client base. On behalf of clients, Canoe processes 50M+ documents and extracts 300M+ data points annually.
###
About Canoe Intelligence
Canoe Intelligence redefines alternative investment intelligence through AI-driven, cloud-based software that automates and streamlines alternative investment workflows. With over $8T in assets under automation and more than 400 clients, Canoe empowers institutions, LPs, and wealth managers to transform their alternatives data operations.
About FinTech Breakthrough
Part of Tech Breakthrough, a leading market intelligence and recognition platform for technology innovation and leadership around the globe, the FinTech Breakthrough Awards program is devoted to honoring breakthrough innovation in Financial Technologies and Services companies and products. The FinTech Breakthrough Awards provide public recognition for the standout achievements of FinTech companies and products in categories that include Payments, Personal Finance, Cryptocurrency, Wealth Management, Fraud Protection, Banking, Lending, RegTech, InsurTech and more. For more information visit FinTechBreakthrough.com.
Tech Breakthrough LLC does not endorse any vendor, product or service depicted in our recognition programs, and does not advise technology users to select only those vendors with award designations. Tech Breakthrough LLC recognition consists of the opinions of the Tech Breakthrough LLC organization and should not be construed as statements of fact. Tech Breakthrough LLC disclaims all warranties, expressed or implied, with respect to this recognition program, including any warranties of merchantability or fitness for a particular purpose.
MEDIA CONTACT:
Betsy Miller Daitch
Canoe Intelligence
+1 443-690-6200
bdaitch@canoeintelligence.com
