WorldQuant Ventures has made an investment in 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.
“We are excited to help Canalyst further develop and grow its platform to meet the increasing buy side demand for equity research technology,” says 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.”
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+ US and Canadian listed securities, including S&P 500, Russell 2000, TSX and TSX-V.
“Partnering with WorldQuant Ventures helps us continue enabling the buy side to generate original research more efficiently than ever before,” says 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 maximise the value of the Canalyst platform.”