Canalyst, a New York-based provider of financial data and analytics solutions, raised $70 million in Series C financing. The round brings Canalyst’s total funding to over $100 million.
The round was led by Dragoneer Investment Group, with participation from Canada Pension Plan Investment Board (CPP Investments) and Alta Fox Capital, as well as existing investors HighSage Ventures, Vanedge Capital, and ScaleUP Ventures.
The company intends to use the funds to double its global headcount to further invest in product development and delivery, global expansion, and customer support.
Company: Canalyst Financial Modeling Corporation
Raised: $70.0M
Round: Series C
Funding Month: January 2022
Lead Investors: Dragoneer Investment Group
Additional Investors: Canada Pension Plan Investment Board (CPP Investments), Alta Fox Capital, HighSage Ventures, Vanedge Capital, and ScaleUP Ventures
Company Website: https://canalyst.com/
Software Category: financial data and analytics solutions
About the Company: Founded in 2015 by James Rife (head of research) and Damir Hot (CEO), Canalyst has developed a SaaS platform that enables access to structured fundamental data and models on global public companies. Canalyst combines software with human expertise to create accurate and detailed financial and KPI data on global public companies, giving finance professionals access to fundamental data that can be trusted absolutely and at scale. Initially built for public equity managers, Canalyst’s product offering has expanded to serve global investors focused on credit, private equity, and venture capital in addition to investment banks, consultancies, and the corporate market. Today, over 400 of the world’s top investment managers, banks, and corporations use its models, data, and APIs as an essential part of their workflow. The company employs 200 people with offices in New York and Vancouver.
Source: https://www.finsmes.com/2022/01/canalyst-raises-70m-in-series-c-funding.html https://betakit.com/financial-data-and-analytics-firm-canalyst-raises-70-million-usd-series-c/