Canaan Partners closes ninth fund at $600m
Canaan Partners, the venture capital firm that focuses on the US, India and Israel, has closed its ninth fund at $600 million. The new vehicle, which received commitments from both new and existing LPs, takes the firm’s total assets under management to $3.5 billion.
About two-thirds of the fund corpus will be put toward digital media, consumer internet, mobile and communications companies, with the rest earmarked for biopharma, medical device and healthcare infrastructure...
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