Fintech Company Canoe Raises $36M Series C Round

The company will invest in AI and machine learning technology to power its platform for alternative investors.

Published on Jul. 10, 2024
Fintech Company Canoe Raises $36M Series C Round
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Canoe recently secured $36 million in a Series C funding round led by Goldman Sachs. This funding round marks more than a threefold increase in Canoe’s valuation since its Series B financing in 2023.

The company specializes in streamlining alternative investment intelligence for financial entities such as institutional investors and wealth managers. Canoe leverages artificial intelligence and machine learning to automate the collection, categorization and extraction of investment data, working to improve efficiency and data accuracy for its clients.

The capital raised will support Canoe’s strategic initiatives, foster global market expansion and allow Canoe to further develop its fintech platform. The company will continue to invest in building proprietary AI and machine learning technologies. This capital will help improve its comprehensive suite of services spanning back-to-front office operations.

This article was written by Writer, a generative AI tool, using information from press releases and company blogs provided by our staff. All content was reviewed by a Built In editor and went through a fact-checking process to ensure accuracy. Errors can be reported to our team at [email protected].

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