CANALYST FINANCIAL MODELING CORP., A KEY DATA PROVIDER TO FUND MANAGERS, RAISES $20-MILLION IN VENTURE CAPITAL
Canalyst Financial Modeling Corp., which builds financial models used by fund analysts and portfolio managers to track 4,000 North American public equities, has attracted little notice outside its “nichiest of niche” business, as chief executive officer Damir Hot calls it.
Canalyst was founded in 2015 by a former Fidelity analyst, James Rife, who built the first version of the product for himself. This personal tool for analyzing stocks quickly picked up interest from institutional investors. The platform now serves asset managers globally, including analysts, portfolio managers, directors of research, and founders, who use the company’s data to inform their research.
Canalyst, a Vancouver-based platform offering financial models, completed a $20 million Series B financing led by an unnamed strategic investor with participation from Toronto-based ScaleUP Ventures and existing investors including Vanedge Capital, a Vancouver-based venture capital fund. The raise will be used for geographic expansion and product enhancements, among other priorities.
VANCOUVER, JANUARY 20, 2020 — Canalyst, the leading independent provider of fundamental models to institutional investors, announced today that it has closed a $20 million Series B financing…
In our first edition of 2020, we take a close look at Box, Inc.’s business decisions, including the introduction of y/y cost granularity as a key metric in ~240 of our information technology and communication services models. We also show you an exciting new format option in our models, recap our Holiday Quiz riddled with brain teasers, and extend an invitation to our booth at BattleFin Miami this month.
Canalyst is one of 12 Canadian financial technology firms set to visit Edinburgh as part of a trade mission to the UK this week. The trade mission marks another successful year so far for the UK Fintech industry, which recorded a record level of investment in the first half of the year.
Canalyst is one of 12 Canadian FinTech firms selected to visit Edinburgh and London as part of a trade mission lead by the Department for International Trade. The trade mission takes place from October 21 -25, where businesses meet with industry and government to find support and explore opportunities to invest or set up in the UK.
In our Q4 edition, we take a deep dive into the fundamentals of The We Company (WE) vs. its Belgian competitor, International Workplace Group (IWG plc), discuss the Updater – our time-saving earnings tool, highlight our participation at Vancouver’s Up the Down Dinner and plans for the November UVA Investor Conference…and remind you that we’re hiring!
OCTOBER 7, 2019 — The UK’s Department for International Trade (DIT) announced 12 high-growth Canadian FinTech companies from 5 major Canadian cities chosen to participate in a trade mission to the UK – 21- 25 October 2019. These leading companies have collectively raised more than half a billion in venture capital and are well positioned for global expansion.
JULY 18, 2019 — The Digital Finance Institute announced Canada’s Top 50 FinTech Companies in its 2019 report.The top 50 companies in the report represent a wide diversity of sub-verticals in the FinTech sector, including blockchain, capital markets, insurance, RegTech, payments, and finance.
In this edition, we show you how to make earnings season way more productive. Also, we focus our lens on The Cooper Companies, share our experience at Battlefin’s Alternative Data Discovery Day NYC, and highlight how Ramp Capital LLC expertly used Canalyst models to compare two rivals and new IPOs: Uber and Lyft.
CANALYST’S TOOLKIT 2.0 SEAMLESSLY INTEGRATES REPORTED EARNINGS DATA INTO CLIENTS’ CUSTOMIZED FINANCIAL MODELS
JUNE 27, 2019 — NEW YORK, NY — Canalyst – a fast-growing financial technology company serving institutional investors with on-demand financial models – announced today the launch of the Toolkit 2.0, a suite of sophisticated tools designed to maximize buysiders’ time during earnings…
MARCH 26, 2019 – NEW YORK, NY — Canalyst, an equity research technology provider for institutional finance professionals, is proud to announce its sponsorship of the Sidoti & Company, LLC Spring Investor Conference at the New York City Marriott Marquis…
For our second case study, we sat down with the founder of a new fund to learn more about how he’s using different solutions that save time and support the operations of his early stage business. Read on to see why this search led him to choose Canalyst.
The market was angry this quarterly earnings season, my friends. Like an old man trying to send back soup at a deli. In this edition, we bid adieu to 2018 with a look back at the last quarter and what we learned from market volatility. Also, product news and how to better weather stormy earnings in the future.
For our first case study, we sat down with a buyside firm to learn why shifting industry trends, cost pressures, and regulation all result in investors turning to external data providers and technology to find alpha. Read on to see how one buyside firm is weathering this tumultuous time in institutional finance, and why they call Canalyst, ‘the new industry standard’.
The dog days of summer seem like a distant memory now, as the back to school season has us refreshed and re-energized to make the last quarter of 2018 the best one yet. In this edition, we dig in to the stats updating thousands of models generates, and discuss why the current state of the market has us all fired up about disruption, and financial models, but not necessarily in that order.
Fund managers certainly need to make the best possible use of their time and resources – and apply their energies toward driving alpha. The best technology enables and boosts current processes, making this an evolutionary, rather than a revolutionary, trend.
“The confluence of a strong equity market, the success of public offerings from Dropbox and Spotify(SPOT), and rising interest rates have prompted traction for tech IPOs, says James Rife, head of equities at equity-research firm Canalyst.”
The rise of passive investing continues to result in large-cap concentration on the buyside. Cost pressures continue driving sellside firms to cut coverage of small and mid-cap stocks that many might consider less likely to become “income-generators.” With MiFID II ahead, the trends seem unlikely to change for quite some time.
In this edition, we bring you a piece to help you embrace the Q1 earnings fatigue and take a look at a couple advantages of Canalyst.
MiFID II is only the latest shakeup reshaping the global research industry. As sell-side coverage continues to decline, there are many opportunities for fund managers that are willing to look at under-covered names, and there is an emerging set of tools that can facilitate that process.
JANUARY 24, 2018 — NEW YORK, NEW YORK — SumZero, the world’s largest community of investment professionals working at hedge funds, mutual funds, and private equity funds, announced five winners and ten finalists of its Top Stocks for 2018 Challenge…
In the final newsletter for 2017, we bring you a piece on smallcap value investing and shine a spotlight on Key Technology [KTEC].
In our fourth edition of our quarterly newsletter, we bring you a piece on active management, under-covered names, a screener contest, and a few exciting Canalyst product updates. Read on…
In our third edition of our quarterly newsletter, we bring you our ShutterStock earnings analysis and The Eastern Company’s company profile. Read on for these stories, plus Canalyst news and events.
JANUARY 18, 2017 – NEW YORK, NEW YORK – SumZero, the world’s largest community of investment professionals working at hedge funds, mutual funds, and private equity funds, announced five winners and ten runners-up of its Top Stocks for 2017 Challenge today…
OCTOBER 25, 2016 – VANCOUVER, BC – Canalyst, an equity research technology provider for institutional finance professionals, announced today the launch of its US equity model database as part of its on-demand research platform…
AUGUST 29, 2016 – VANCOUVER, BC – Canalyst, an equity research tool provider for institutional finance professionals, announced today the closing of its oversubscribed $2.7 million seed financing led by Vanedge Capital to expand equity research platform…