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Canaan Partners

Founders Eric Young Harry T. Rein

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Investments

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 792
Average round size
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The average size of a deal this fund participated in
$23M
Portfolio companies 403
Rounds per year 21.41
Lead investments 160
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.49
Exits 136
Key employees 18
Stages of investment
Early Stage Venture
Late Stage Venture

Areas of investment

  • Software
  • Health Care
  • Biotechnology
  • Medical
  • Enterprise Software
Summary

Canaan Partners appeared to be the VC, which was created in 1987. The company was established in North America in United States. The leading representative office of defined VC is situated in the Menlo Park.

The current fund was established by Eric Young, Harry T. Rein. The overall number of key employees were 18.

Among the most successful fund investment fields, there are Biotechnology, Enterprise Software. Among the various public portfolio startups of the fund, we may underline Instacart, Lending Club, SuccessFactors The fund has no specific favorite in a number of founders of portfolio startups. If startup sums 5+ of the founder, the chance for it to be financed is low. For fund there is a match between the country of its foundation and the country of its the most frequent investments - United States. Besides, a startup needs to be aged 4-5 years to get the investment from the fund.

The typical case for the fund is to invest in rounds with 4-5 participants. Despite the Canaan Partners, startups are often financed by Lerer Hippeau, Intel Capital, Domain Associates. The meaningful sponsors for the fund in investment in the same round are Polaris Partners, Norwest Venture Partners, Mayfield Fund. In the next rounds fund is usually obtained by Silicon Valley Bank, Pelion Venture Partners, Battery Ventures.

The higher amount of exits for fund were in 2014. The important activity for fund was in 2012. Despite it in 2019 the fund had an activity. The fund is constantly included in 13-24 deals per year. The average startup value when the investment from Canaan Partners is 50-100 millions dollars. This Canaan Partners works on 9 percentage points less the average amount of lead investments comparing to the other organizations. The common things for fund are deals in the range of 10 - 50 millions dollars. Speaking about the real fund results, this VC is 14 percentage points more often commits exit comparing to other organizations.

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Typical Co-investors
Canaan Partners is more likely to invest in rounds together with the following funds:
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These funds have a tendency to invest in the following rounds after Canaan Partners:

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Funds from United States
Funds with similar focus located in United States:
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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Safire Technology Group

Battery
Electronics
Energy
$8M19 Sep 2024 Washington, District of Columbia, United States

AttoTude

Information Technology
Internet
$29M10 Sep 2024 Menlo Park, California, United States

Halda Therapeutics

$126M12 Aug 2024 Branford, Connecticut, United States

Autobahn Therapeutics

Biotechnology
Health Care
Life Science
Therapeutics
$100M24 Jul 2024 San Diego, California, United States

Nagish

Software
Telecommunications
$11M10 Jul 2024 -

Aim Security

Security
$18M17 Jun 2024 -

Quantum Circuits

Computer
Manufacturing
Quantum Computing
Software
$60M31 May 2024 New Haven, Connecticut, United States

Grey Wolf Therapeutics

Biotechnology
Health Care
Therapeutics
$50M23 May 2024 Oxford, England, United Kingdom

Nivoda

Information Technology
Logistics
Marketplace
Precious Metals
Supply Chain Management
$30M06 May 2024 London, England, United Kingdom
News
Bzaar bags $4M to enable US retailers to source home, lifestyle products from India

– Bzaar, a business-to-business cross-border marketplace, is connecting retailers with over 50 export-ready manufacturers in India.
– The U.S.-based company announced that it raised $4m in seed funding, led by Canaan Partners, and including angel investors Flipkart co-founder Binny Bansal, PhonePe founders Sameer Nigam and Rahul Chari, Addition founder Lee Fixel and Helion Ventures co-founder Ashish Gupta.
– Nishant Verman and Prasanth Nair co-founded Bzaar in 2020 and consider their company to be like a “fair without borders,” Verman put it.

Tropic picks up $25M to streamline software procurement experiences

– SaaS procurement platform Tropic raised $25m in Series A funding.
– The round was led by Canaan Partners and joined by Founder Collective and Shine.
– It brings Tropic to a total funding of $27.1m.
– The company plans to use the funding to expand its sales and marketing efforts.

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Total investments 792
Average round size 23M
Rounds per year 21.41
Peak activity year 2021
Lead investments 160
Follow on index 0.49
Exits 136
Group Appearance index 0.93

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Safire Technology Group

Battery
Electronics
Energy
$8M19 Sep 2024 Washington, District of Columbia, United States

AttoTude

Information Technology
Internet
$29M10 Sep 2024 Menlo Park, California, United States

Halda Therapeutics

$126M12 Aug 2024 Branford, Connecticut, United States

Autobahn Therapeutics

Biotechnology
Health Care
Life Science
Therapeutics
$100M24 Jul 2024 San Diego, California, United States

Nagish

Software
Telecommunications
$11M10 Jul 2024 -

Aim Security

Security
$18M17 Jun 2024 -

Quantum Circuits

Computer
Manufacturing
Quantum Computing
Software
$60M31 May 2024 New Haven, Connecticut, United States

Grey Wolf Therapeutics

Biotechnology
Health Care
Therapeutics
$50M23 May 2024 Oxford, England, United Kingdom

Nivoda

Information Technology
Logistics
Marketplace
Precious Metals
Supply Chain Management
$30M06 May 2024 London, England, United Kingdom
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