Canalyst’s $70 Million Series C Financing

Torys LLP acted for CPP Investments on the deal.

Canalyst Financial Modeling Corporation raised US$70 million in a Series C financing led by Dragoneer Investment Group.

Canalyst customers Canada Pension Plan Investment Board (“CPP Investments”) and Alta Fox Capital also participated, along with existing investors HighSage Ventures, Vanedge Capital, and ScaleUP Ventures.

Canalyst is the leading destination for public company data and analysis. The company’s SaaS platform provides instant access to the cleanest, richest, best structured fundamental data and models on global public companies. Founded in 2015, Canalyst employs 200 people with offices in New York and Vancouver.

Dragoneer is a growth-oriented investment firm with over US$25 billion in long-duration capital. Dragoneer has been an investor in companies such as Airbnb, Alibaba, Atlassian, AppFolio, Bytedance, Ceridian, Chime, Datadog, Doordash, Duck Creek, PointClickCare, Procore, Slack, Samsara, ServiceTitan, Snowflake, Spotify, Uber, UiPath and others.

CPP Investments is a professional investment management organization that invests around the world in the best interests of the more than 20 million contributors and beneficiaries of the Canada Pension Plan. Governed and managed independently of the Canada Pension Plan and at arm’s length from governments, at September 30, 2021, the Fund totalled C$541.5 billion.

The Torys’ team included Konata Lake (Picture) and Marko Trivun (corporate/fundraising).

Involved fees earner: Konata Lake – Torys LLP; Marko Trivun – Torys LLP;

Law Firms: Torys LLP;

Clients: Canada Pension Plan Investment Board;

Sonia Carcano

Author: Sonia Carcano