Canalyst combines software with human expertise to produce accurate, detailed financial and KPI data and models on global public companies, delivered via data products and APIs. Its offering was initially built for public equity managers and has expanded to serve investors focused on credit, private equity, venture capital, as well as investment banks, consultancies, and corporate clients. Today over 400 of the world’s top investment managers, banks, and corporations use Canalyst’s models, data, and APIs as part of their workflow. The company was founded in 2015, is led by CEO and co‑founder Damir Hot, and employs about 200 people with offices in New York and Vancouver. Canalyst plans to use new funding to double its global headcount and further invest in product development and delivery, global expansion, and customer support. Canalyst offers a platform of structured fundamental data via a database of complete, company-specific forecast models covering more than 4,000 North American listed securities. The company positions itself as an independent provider of fundamental models to asset managers, hedge funds, and family offices. Canalyst has over 100 employees across Vancouver and New York City and serves more than 400 clients. Led by CEO Damir Hot, the firm enables investors to implement efficiency tools into their workflow and expand coverage to uncover investment opportunities. Canalyst plans to use new funding to expand investment in talent with particular focus on product enhancements and client service. Canalyst provides a cloud-based, on-demand equity model database of full, company-specific Excel models to institutional investors and analysts. The platform offers coverage across 3,600+ U.S. and Canadian listed securities, including S&P 500, Russell 2000, TSX and TSX‑V names. Canalyst serves CIOs, portfolio managers and directors of research to help them ramp up coverage and generate higher-conviction investment ideas. The company reported rapid user growth and plans to further develop its analytics capabilities to maximize platform value. Canalyst intends to expand the breadth of its coverage, with a specific emphasis on small- and mid-cap companies. In 2016 Canalyst closed a seed round and launched its North American Equity Model Database.

Total raised

$90M

Funding rounds

3

Latest round

Series C

Latest activity

Jan 2022