WorldQuant Ventures Invests in Canalyst
OLD GREENWICH, CONN. & VANCOUVER, (BUSINESS WIRE)—WorldQuant Ventures, an angel investment firm focused on disruptive companies in technology, with a particular focus on data and finance, today announced an investment in Canalyst, an equity research technology provider for institutional finance professionals. WorldQuant Ventures’ investment allows Canalyst to enhance its cloud based, on-demand equity model database by enabling continued investment in analytics capabilities, and expansion of its breadth of coverage for small- and mid-cap companies.
“We are excited to help Canalyst further develop and grow its platform to meet the increasing buy side demand for equity research technology,” said Steven Lau, Managing Director at WorldQuant Ventures. “Canalyst’s platform is a valuable resource for the broader investment community, allowing instant access to comprehensive, company-specific functional models and analysis to inform investment ideas.”
In 2016, Canalyst closed its seed round of financing and announced the launch of its North American Equity Model Database of full, company-specific Excel models on 3,600+ U.S. and Canadian listed securities, including S&P 500, Russell 2000, TSX and TSX-V.
“Partnering with WorldQuant Ventures helps us continue enabling the buy side to generate original research more efficiently than ever before,” said Damir Hot, CEO of Canalyst. “We are excited for the year ahead as we continue our rapid user growth and further develop our analytics capabilities to maximize the value of the Canalyst platform.”
About WorldQuant Ventures LLC
WorldQuant Ventures LLC is an angel investment firm founded in 2014 as a private investment vehicle for WorldQuant, LLC’s Founder, Chairman and CEO Igor Tulchinsky. The firm is focused on disruptive companies in technology, with a particular focus on data and finance, and has investments in over 30 companies. WorldQuant Ventures LLC is a separate entity from WorldQuant, LLC, a global quantitative investment management firm. For more information, please visit www.worldquantventures.com and www.weareworldquant.com.
Canalyst is a fast-growing financial technology company serving institutional investors and analysts. Founded and developed by a team of finance professionals and technology executives, Canalyst enables CIOs, Portfolio Managers, and Directors of Research to uncover more, higher conviction investment opportunities by efficiently ramping up and expanding coverage based on the platform’s robustness and breadth. Visit www.canalyst.com to learn more or request a demo.