fundcraft, a leading provider of digital fund operations, and Canoe Intelligence (“Canoe”), the financial technology company powering smarter alts management, today announced a strategic integration partnership set to streamline fund administration and unlock new levels of operational efficiency for alternative asset managers throughout Europe.
Streamlining Fund Operations with AI-Powered Data Management
fundcraft serves as a comprehensive digital partner for alternative investment managers, offering a simple and transparent approach to fund operations. As a CSSF-licensed AIFM and central administrator, fundcraft’s platform integrates all facets of the fund lifecycle, centralising back-office operations and uniting essential stakeholders such as banks, lawyers, and auditors to enhance transparency and control. Serving alternative investment funds pursuing venture capital, funds of funds, and private equity strategies, fundcraft accelerates fundraising, simplifies investor onboarding, and optimises daily operations while ensuring precise and efficient reporting.
Canoe leverages artificial intelligence and machine learning to automatically collect and categorise alternative investment documents from investor portals and email inboxes. The technology then extracts, validates, and delivers clean data to downstream systems, eliminating the need for manual data entry. Canoe processes more than 25M documents annually, demonstrating scalability, depth, and efficiency. Clients benefit from a 20-fold increase in the number of funds processed per employee, compared to traditional manual processes, highlighting its impact on operational efficiency and productivity.
Enhancing Efficiency for fundcraft Clients
By integrating Canoe’s proprietary AI-based technology into fundcraft’s end-to-end fund operations platform, asset managers will benefit from seamless data integration with Canoe’s open API for automated document management, enhanced data accuracy and transparency, and increased operational efficiency and productivity.
This integration will be particularly beneficial for fundcraft clients managing funds of funds on the platform. Clients will gain automatic access to documents from hundreds of LP portals, eliminating the time-consuming process of manual data extraction. Canoe’s system will automatically ingest, classify, and extract key financial data from documents before pushing the information directly into fundcraft’s end-to-end operations platform.
Toby Bailey, VP of Sales, EMEA, Canoe Intelligence, commented, “We’re thrilled to partner with fundcraft, whose forward-thinking approach to fund administration is transforming how data flows across the private markets. Ensuring accurate, real-time data is seamlessly integrated into fund admin workflows is more crucial than ever. 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.”
Victor Martin, Chief Technology Officer at fundcraft, added, "This partnership with Canoe Intelligence marks a key advancement in fund operations technology. By integrating Canoe's cutting-edge AI capabilities with fundcraft’s digital fund operations, we are setting a new standard for efficiency and accuracy in the industry. Our clients can now focus more on strategic decision-making and less on tedious, time-consuming manual processes.”
