PitchBook’s non-financial metrics allow you to gauge a company’s traction and progress using net presence and social reach. Round was led by San Francisco-based Dragoneer Investment Group, with participation from Alta Fox Capital, HighSage Ventures, Vanedge Capital and ScaleUp Ventures. The Canada Pension Plan Investment Board and Alta Fox are both prospects. Canalyst lately raised US$ 70 million in Series C funding from Dragoneer, CPP Investments , Alta Fox Capital, HighSage Ventures, Vanedge Capital, and ScaleUP Ventures. Valuations are submitted by firms, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.
On January 18, 2022, Canalyst Financial Modeling Corporation (“Canalyst”) announced that it raised US$70 million in a Series C financing led by Dragoneer Investment Group. Canalyst clients Canada Pension Plan Investment Board (“CPP Investments”) and Alta Fox Capital also participated, together with current investors HighSage Ventures, Vanedge Capital, and ScaleUP Ventures. Vancouver and New York-based Canalyst has raised $70 million USD ($87.6 million CAD) in its Series C funding round led by Dragoneer Investment Group. Today, over four hundred of the world’s high funding managers, banks, and companies use Canalyst models, knowledge, and APIs as a vital part of their workflow.
The CB Insights tech market intelligence platform analyzes tens of millions of knowledge points on vendors, products, partnerships, and patents to assist your staff discover their subsequent expertise resolution. The financial data firm plans to make use of the funds for international expansion. “This funding is an important step in our journey towards changing into the brand new fundamental dataset of record,” he added.
To meet buyer demand, Canalyst is anticipating to double its international headcount this year to additional invest in product improvement and delivery, world growth, and customer help. Armed with over $80 million, a sizeable amount in comparison with its previous raises, Canalyst intends to double its workforce between its Vancouver and New York places of work this yr. It additionally plans to put cash into product development and delivery, global enlargement, and buyer support. The startup inputs data from public firm regulatory filings into spreadsheets to build core financial models used to assess shares.
Today, over 400 of the world’s top investment managers, banks, and corporations use Canalyst fashions, information, and APIs as an essential a part of their workflow. Canalyst’s providing was initially designed for public fairness managers, and has since expanded to serve international traders specializing in credit work from home fueling cyberattacks watchdog, non-public equity, and enterprise capital. “Everyone in capital markets knows how critical, but time consuming and error inclined, structuring high quality monetary knowledge is,” stated Damir Hot, Canalyst’s CEO and co-founder. Chicago-based Tegus, a research platform for traders, acquired Canada-based Canalyst.