Venture Capital
U.S. angel investment firm WorldQuant Ventures has invested in Canalyst, a Canadian equity research technology provider for institutional finance professionals. The investment’s value was not disclosed. The deal will allow Canalyst to enhance its cloud-based, on-demand equity model database by enabling analytics capabilities and expanding coverage for small- and mid-cap companies. Launched in 2015, Vancouver-based Canalyst last year raised $2.7 million in seed financing led by Canadian venture capital firm Vanedge Capital. The startup is led by Founder and CEO Damir Hot.