Canalyst Raises $70M in Series C Funding

Canalyst, a NYC-based provider of financial data and analytics solutions, raised $70M in Series C financing.

The round was led by Dragoneer Investment Group with participation from Canada Pension Plan Investment Board (CPP Investments) and Alta Fox Capital, as well as existing investors HighSage Ventures, Vanedge Capital, and ScaleUP Ventures.  

The company intends to use the funds to double its global headcount to further invest in product development and delivery, global expansion, and customer support.

Led by Damir Hot, CEO and co-founder, Canalyst combines software with human expertise to create accurate and detailed financial and KPI data on global public companies, giving finance professionals access to fundamental data that can be trusted absolutely and at scale. Initially built for public equity managers, Canalyst’s product offering has expanded to serve global investors focused on credit, private equity, and venture capital in addition to investment banks, consultancies, and the corporate market. Today, over 400 of the world’s top investment managers, banks, and corporations use its models, data, and APIs as an essential part of their workflow.

Founded in 2015, the company employs 200 people with offices in New York and Vancouver. to start a trial or learn about joining the Canalyst team.