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WorldQuant Ventures Invests In Equity Research Modeler Canalyst

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WorldQuant Ventures Invests In Equity Research Modeler Canalyst
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WorldQuant Ventures announced Thursday that it had taken a stake in Canalyst, an equity research technology vendor. WorldQuant Ventures invests the personal funds of WorldQuant CEO Igor Tulchinsky.

Canalyst provides Excel models for equity research. According to a WorldQuant Ventures press release, the investment is designed to help Canalyst meet growing buy-and-sell-side demand.

"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 in a press release. "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."

“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,” said Steven Lau, WorldQuant Ventures managing director in a press release.

Last year, Canalyst closed a $2.7 million seed round and launched an equity model database of nearly 4,000 North American securities.

Disclosure: WorldQuant Ventures has invested in several data and analytics vendors, including Benzinga.

Posted-In: Canalyst Damir HotFintech News Financing Hedge Funds Tech General Best of Benzinga

 

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