Canalyst Raises New Financing

Fintech startup Canalyst announced it has raised a new round of financing from WorldQuant Ventures.

Canalyst is an equity research platform that aims to help institutional analysts and portfolio managers save time on research and generate better investment ideas. Canalyst’s product is especially geared toward doing work on small- and mid-cap equities that tend to be under-covered and on time-sensitive, event-driven investment ideas.

In its announcement, the company said it is excited about developing and growing its platform to meet the increasing buy-side demand for equity research technology.