Like many of our clients, we’re a fairly private bunch here at Canalyst, so we’ve shied away from publicly announcing many of our business milestones.
But when Sean Silcoff at The Globe and Mail wanted to profile us, we couldn’t think of a better person and place to share our story:
Canalyst, a key data provider to fund managers, raises $20-million in venture capital is an in-depth feature from The Globe and Mail detailing our evolution from a scrappy startup to a trusted, SaaS company, who now serves many of the top institutional investors. Interviews of some of our investors and clients help capture the industry pain points that our workflow tools aim to solve, and why we are valued in the space.
“Canalyst provides investment firms invaluable access to accurate and granular financial data that flexibly incorporates into their analysis in a manner that lowers costs, expands addressable market coverage, and increases speed of execution,” said John Montalbano, Chairman of Canalyst and former CEO of RBC Global Asset Management.
The Globe feature also breaks the news of our Series B financing and shares details of our growth since founding the business in 2015:
- Our $20M Series B in 2019 brings our total funding to $28M
- We have grown to 100+ employees between our Vancouver and NYC offices
- We serve more than 400 clients globally
“We’ve contemplated how we can potentially reduce our need for [data terminals] with this,” said Brandon Snow, Chief Investment Officer with Cambridge Global Asset Management, a division of CI Investments Inc. that has used Canalyst for a year.
Most importantly, our financing and rapid growth have enabled us to accelerate our investment in improving and expanding our offerings, in order to support you in achieving your business goals. You’ve already seen the rate of our new product announcements increase over the past few months, and we’re excited to continue that trend in the quarters and years to come.