Vancouver, BC, June 12, 2017--(T-Net)--WorldQuant Ventures, an angel investment firm focused on disruptive companies in technology, with a particular focus on data and finance, today announced an investment in Vancouver-based Canalyst, an equity research technology provider for institutional finance professionals.
WorldQuant Ventures' investment allows Canalyst to enhance its cloud based, on-demand equity model database by enabling continued investment in analytics capabilities, and expansion of its breadth of coverage for small- and mid-cap companies.
Editor's Note: Canalyst closed an earlier oversubscribed $2.7 million seed financing led by Vanedge Capital in August 2016.
V. Paul Lee, founder and managing partner of Vanedge Capital and former President of Electronic Arts (EA) sits on the Canalyst board of directors.
Vanedge Capital is a Vancouver, Canada based venture capital fund focused on investments in enterprise software, IT security, and digital media businesses.
In 2016, Canalyst closed its seed round of financing and announced the launch of its North American Equity Model Database of full, company-specific Excel models on 3,600+ U.S. and Canadian listed securities, including S&P 500, Russell 2000, TSX and TSX-V.
WorldQuant Ventures LLC is an angel investment firm founded in 2014 as a private investment vehicle for WorldQuant, LLC's Founder, Chairman and CEO Igor Tulchinsky. The firm is focused on disruptive companies in technology, with a particular focus on data and finance, and has investments in over 30 companies. WorldQuant Ventures LLC is a separate entity from WorldQuant, LLC, a global quantitative investment management firm. For more information, please visit www.WorldQuantVentures.com andwww.WeAreWorldQuant.com.
Canalyst is a fast-growing financial technology company serving institutional investors and analysts. Founded and developed by a team of finance professionals and technology executives, Canalyst enables CIOs, Portfolio Managers, and Directors of Research to uncover more, higher conviction investment opportunities by efficiently ramping up and expanding coverage based on the platform's robustness and breadth. Visit www.canalyst.com to learn more or request a demo.