On August 29, 2016, Canalyst announced the closing of its oversubscribed $2.7 million seed financing led by Vanedge Capital. Canalyst will use the funding to expand its coverage universe and platform capabilities.
Canalyst, headquartered in Vancouver, British Columbia, is a fast-growing FinTech company serving both the sellside and buyside of the financial industry. Their equity research platform helps analysts and portfolio managers save time in their research and increase efficiency.
Vanedge Capital, headquartered in Vancouver, British Columbia is a venture capital fund focused on investments in enterprise software, IT security, and digital media businesses.
Osler, Hoskin & Harcourt LLP represented Canalyst with a team consisting of Justin Young, Jacques Duplessis and Laura Webb (Corporate).