Canaan Partners
India's MindTickle closes $100m Series E
SoftBank Vision Fund 2 has continued its recent streak of investing in unicorns out of India by leading a $100 million Series E round for sales enablement platform MindTickle at a valuation of $1.2 billion.
Indian news app Dailyhunt raises $100m
Indian news app Dailyhunt has raised $100 million led by Qatar Investment Authority (QIA) and Glade Brook Capital Partners. It extends a $102 million Series H round last year featuring Google.
Norwest leads $40m Series C for India's MindTickle
Norwest Venture Partners has led a $40 million Series C round for MindTickle, an online sales enablement platform based in India and the US.
India's PE-backed CarTrade buys rival CarWale
CarTrade, an Indian online used car portal backed by Warburg Pincus and Tiger Global Management, has bought a majority stake in online automotive sales platform CarWale from its owner, German media conglomerate Axel Springer.
Novartis buys VC-backed Australian drug developer Spinifex
Australian life sciences specialists Brandon Capital Partners and GBS Ventures will exit local drug developer Spinifex Pharmaceuticals after Novartis agreed to buy the business for $200 million in cash plus unspecified earn-outs.
Mitsui leads $21m round for India's Naaptol
Japanese trading house Mitsui has led a INR1.36 billion ($21 million) round for India home shopping and e-commerce start-up Naaptol Online Shopping. Existing investors New Enterprises Associates (NEA), Canaan Partners and Saama Capital also took part.
J.P. Morgan buys Canaan's India portfolio
J.P. Morgan Asset Management has acquired Canaan Partners’ India venture capital portfolio through a secondary transaction said to be worth around $200 million.
Telstra, Global Brain lead $19m round for India's Adnear
India location-based mobile advertising platform Adnear has raised a $19 million Series B round of funding from Telstra Ventures, the Australian telecom giant's corporate venture capital arm, and Japanese VC Global Brain.
Canaan's Khanna to launch India venture debt fund
Canaan Partners Managing Director Rahul Khanna is to launch a INR3 billion ($49 million) debt fund aimed at supporting early-stage and established technology ventures in India.
US game firm Kabam attracts $120m from Alibaba
China e-commrce giant Alibaba Group is investing $120 million in US venture capital-backed gaming company Kabam. The investment is understood to value the company at over $1 billion.
India's iYogi raises $28m Series E round
Axon Partners Group and Madison India Capital have teamed up with existing investors to provide a $28 million Series E round of funding for iYogi, an India-based technology support services provider.
Canaan leads $5.6m round for India's SureWaves
Canaan Partners has led a INR350 million ($5.6 million) round of funding for SureWaves MediaTech, an Indian TV advertising platform operating out of Bangalore. Existing backers Accel Partners India and India Innovation Fund (IIF) also participated.
Bitcoin boom
“It is in some ways easier to buy things in China using bitcoin than it is using traditional fiat currency,” says Dan Ciporin, partner at the VC firm Canaan Partners.
Singapore's itBit raises capital for Bitcoin exchange
Canaan Partners and RRE Ventures have co-led a $3.25 million round of funding for Singapore-headquartered Bitcoin exchange itBit. Liberty City Ventures, as well angel investors such as The Jordan Company’s Jay W. Jordan II and Beluga co-founder Ben...
Canaan, Mayfield invest $7m in Indiaproperty.com
Canaan Partners and Mayfield Fund have invested $7 million in Indian real estate website Indiaproperty.com. The capital was committed last year but came through after website promoter India Property Online de-merged from Matrimony.com (formerly Consim...
Canaan Partners to invest $100m in Indian tech
Silicon Valley venture capital investor Canaan Partners is to invest $100 million in India over the next four years from its $600 million ninth fund.
India’s BookAdSpace gets angel investment
BookAdSpace, an online platform for buying and selling physical advertising space, has received angel funding from Aakrit Vaish, the director of Flurry India, and Mitesh Sampat, the vice-president of product strategy at Quova.
Sequoia, Canaan Partners invest $6.3m in Adnear
Sequoia Capital and Canaan Partners have invested INR350m ($6.3 million) in AdNear, a location-based mobile advertising platform, in a Series A round of funding.
VC-backed Happiest Minds targets IPO by 2019
Happiest Minds Technologies, an Indian cloud-based services provider backed by Canaan Partners and Intel Capital, is targeting an IPO by 2019.
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...
Canaan appoints MD in India
Global VC firm Canaan Partners has appointed Rahul Khanna as Managing Director of Canaan India, charged with overseeing early-stage investments spanning across India’s consumer internet, mobile, software and managed services sectors.
Sequoia leads $30 million round in iYogi
Sequoia Capital India has led a $30 million round of funding into independent tech support firm iYogi, as part of a process that also included existing investors Canaan, SVB Capital Partners, SAP Ventures and Draper Fisher Jurvetson.
Canaan invests e-shopping with Naaptol
VC firm Canaan Partners has invested some INR40 crore ($8.67 million) in India e-shopping site Naaptol.com, which claims to be the country's largest online shopping platform, for a 25% stake.