Canoe Intelligence

Big news! We’re thrilled to share that Canoe has successfully closed a $36 million Series C funding round, led by Growth Equity at Goldman Sachs Alternatives with participation from existing investors F-Prime Capital and Eight Roads.  This milestone marks a significant step forward for Canoe, representing a more than 3x increase in our valuation since our series B financing round last year. This funding will enable us to accelerate our strategic initiatives, global expansion, and the continued development of our core AI-driven platform for alternative investors. Read the full announcement here: https://hubs.li/Q02FNK8q0 Goldman Sachs Asset Management

It's no secret that generative AI is already proving itself to be transformative, and private markets are no exception. Noel Calhoun, chief technology officer at Canoe Intelligence, shares more on the subject in a new thinkpiece. To fully take advantage of AI, providers and their customers alike need to truly understand the nuances of each model and have a deep first-hand understanding of the problems that they are trying to solve. Put simply, some problems fundamentally do not require a genAI solution, and no single genAI model is a one-size-fits-all for all problems. Learn more from Noel by diving into the piece, recently published by Global Custodian here: https://hubs.li/Q02Fs7Yz0 #AltsSmarter

June passed by in the blink of an eye! This month, members of our team were hopping around the US and UK to represent Canoe at various events, including BNY Pershing INSITE, Institutional Investor Week, and The Drawdown Awards. We also hosted a Summer Social party in London and attended a couple of virtual, company-run events to educate employees on the history of both Juneteenth and Pride. Check it all out in our June 2024 Month in Review below. #AltsSmarter

We've been nominated! A-Team Insight, from A-Team Group, has put Canoe up for "Best Cloud-Based Data Management Solution" and "Best AI-Based Solution for Data Management" in their upcoming Data Management Insight Awards USA 2024. Recognizing leading providers of data management solutions, services and consultancy to capital markets participants within North America, these awards are open to a public vote for the strongest contender in each category. Voting will close at noon (EDT) on Friday July 12th. To place your vote for Canoe, visit the Data Management Insight USA Awards 2024 voting site: https://hubs.li/Q02F2j4B0

At Canoe, we are dedicated to creating a supportive, safe, and diverse environment for everyone. This month, we are celebrating LGBTQ Pride Month by showing our collective support for our employees and the broader LGBTQIA+ community. Our NYC headquarters are just about a mile away from The Stonewall Inn, the site of the Gay Liberation Movement’s tipping point—the June 1969 Stonewall Uprising. 55 years later, we asked some of our employees to explain what Pride means to them and how they plan to celebrate this year: https://hubs.li/Q02DB8XX0 Featuring: Tiffany Mosher Taylor (she/her) Jeffrey Lin Cássio Couto 🏳️🌈 #AltsSmarter #Pride2024

This month, we're placing the spotlight on Kelley Megale, our Strategic/Enterprise Account Executive, Wealth Management. She discusses the "why" behind her highly collaborative and cross-functional approach to partnering with prospective clients, touches on why she was drawn to Canoe, and explains how she finds inspiration through her family, travel, and giving back. "We truly have amazing people who work at Canoe, and I try to showcase that to the prospect. They are not just signing up for incredible tech but will be working with a partner to help grow their alternative business in the future," said Megale. "When a prospect or client shares new functionality they are looking for, that is something our Product team is constantly working on. Having previously worked at larger corporations, seeing how quickly we can turn around an idea or feature has been exciting and refreshing." Read Kelley's full spotlight: https://hubs.li/Q02DcxCW0 #AltsSmarter

Canoe's Maggie Smith and Tyler Kapp are in Newport, RI for day two of Institutional Investor Week! Last night, they kicked off the event with an allocator dinner at 22 Bowen's. Today, they'll be fully in the mix at the event - attending the panel sessions, networking lunch, and the evening boat cruise. We welcome you to come by our booth to meet or catch up with them before the week wraps up! #AltsSmarter

In early May, Canoe was named winner of the "Onboarding" category in the 2024 Family Wealth Report Awards. A major throughline across internal teams and external relationships at Canoe is working collaboratively and communicating often. What do clients experience as a result of Canoe's thorough communication and onboarding process? “The exact value that they were seeking in the beginning,” notes Andy Phillips, a Vice President at Canoe. Read Andy's feature in this month's Acclaim to learn more about Canoe's unique approach to onboarding: https://hubs.li/Q02D17Q20 #AltsSmarter

Alt Goes Mainstream recently collaborated with Pangea to produce a series featuring seven private market participants' views on 2024 trends. At a recent live event they hosted on private markets in London with Schroders and Illuminate Financial, AGM's Michael Sidgmore interviewed Canoe's Toby Bailey, VP of Sales EMEA. 🎥 Watch Toby's interview here: https://hubs.li/Q02D18rj0 Key time stamps include: 14:04 Interview with Toby Bailey: Evolution of Portfolio Monitoring 16:33 Canoe's Approach to Data Management 19:20 Launching Canoe Asset Data 22:45 The Next Transformational Leap in Private Markets #AltsSmarter

We're honored to share the news that Canoe won the "Technology Innovation" award at last Thursday's The Drawdown Awards 2024! Having launched a number of new products and feature enhancements over the last several months, the timing of being recognized as an innovator could not have come at a better time. Our London-based colleagues Toby Bailey and Oliver Wedlake attended the awards gala to celebrate in style. For more about Canoe and this award, please visit: https://hubs.li/Q02CKqJY0 #AltsSmarter #TDDAwards