A startup alternative investment intelligence provider has raised $36m in a funding round led by Goldman Sachs.
The Series C funding round was led by Growth Equity at Goldman Sachs Alternatives, with participation from existing venture capital investors F-Prime Capital and Eight Roads, startup Canoe Intelligence said on Tuesday. Since its Series B in 2023, Canoe said the company’s valuation has more than tripled and that it will continue to invest in artificial intelligence and machine learning technologies.
Based in New York City, Canoe was commercially launched in 2018 and offers investment professionals a technology solution for categorizing documents, as well as analyzing and extracting data.