WorldQuant Ventures LLC, the personal investment vehicle of WorldQuant CEO Igor Tulchinsky, has invested undisclosed amount in Vancouver based Canalyst Financial Modeling Corporation, an equity research technology provider for institutional finance professionals.
In August 2016, Canalyst closed an oversubscribed $2.7 million seed round led by Vanedge Capital.
WorldQuant Ventures seeks to invest in innovative entrepreneurs who are driving emerging technologies to bring real world change. Focused on financial technology and Big Data companies, WorldQuant Ventures also evaluates a wide range of alternative investments.
“We are excited to help Canalyst further develop and grow its platform to meet the increasing buy side demand for equity research technology,” said Steven Lau, Managing Director at WorldQuant Ventures. “Canalyst’s platform is a valuable resource for the broader investment community, allowing instant access to comprehensive, company-specific functional models and analysis to inform investment ideas.”
“Partnering with WorldQuant Ventures helps us continue enabling the buy side to generate original research more efficiently than ever before,” said Damir Hot, CEO of Canalyst. “We are excited for the year ahead as we continue our rapid user growth and further develop our analytics capabilities to maximize the value of the Canalyst platform.”
Private Capital Directory:
WorldQuant Ventures LLC
photo credit: Canalyst