Fund-of-fund management clients of Fundcraft now have access to Canoe Intelligence’s data management capabilities, enabling them to streamline their data and document processes.
The deal will see the alternative investments operations services provider utilise New York-based Canoe’s artificial intelligence (AI)-enhanced technology to collect, clean, validate, order and distribute their data.
Luxembourg-headquartered Fundcraft said also that the deal will help fund managers better integrate their data sets, enhance documents management and increase operational efficiency.
This announcement comes after Canoe raised $36 million in a Series C funding round from backers that included Goldman Sachs’ alternatives venture investor.
“By combining Canoe’s expertise in automating document and data management with Fundcraft’s comprehensive platform, we’re making it easier for fund administrators to work smarter and focus on what matters most—driving value for their clients,” said Canoe vice president of sales in the Europe, Middle East and Africa region Toby Bailey.
Subscribe to our newsletter
