SaaS Financial Data Platform Canalyst Secures $70M Series C Investment

Financial data and analytics platform Canalyst has raised $70 million in Series C funding.

Canalyst has offices in Vancouver and New York

The round was led by Dragoneer Investment Group and saw participation from new investors and clients from Canalyst CPP Investments and Alta Fox Capital, as well as existing investors HighSage Ventures, Vanedge Capital and ScaleUP Ventures.

Canalyst says it wants to become “the new fundamental data set of recording”. It combines software and human expertise to deliver public financial and KPI data and analysis on global public companies.

Founded in 2015, Canalyst employs 200 people in offices in New York and Vancouver. Following this round of investment, the company intends to double its workforce to boost its product development and delivery, global expansion and customer service.

Originally designed for public fund managers, Canalyst has grown to serve global investors focused on credit, private equity and venture capital, as well as investment banks, advisory firms and the financial market. businesses.

Damir Hot, CEO and Co-Founder of Canalyst, says, “Everyone in capital markets knows how critical, yet time-consuming and error-prone, is structuring quality financial data. We are obsessed with solving this problem.

The company says more than 400 investment managers, banks, and corporations use its models, data, and APIs as part of their workflow.