Canaan Partners

Investor type Venture Capital
Founders Eric Young Harry T. Rein

Overview

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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.
Total investments 658
Average round size
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The average size of a deal this fund participated in
$20M
Portfolio companies 350
Rounds per year 19.35
Lead investments 135
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.47
Exits 134
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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Related Funds

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

Funds with similar focus

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

CompanyIndustryRound SizeDateInvestorsLocation

Edge Impulse

Computer
Machine Learning
Web Apps
$34M09 Dec 2021 San Jose, California, United States

Sounding Board

E-Learning
Human Resources
Information Technology
Software
Training
$30M01 Dec 2021 California, United States

Reibus International

B2B
E-Commerce
Industrial
Marketplace
Supply Chain Management
$75M30 Nov 2021 Atlanta, Georgia, United States

Jina AI

Artificial Intelligence
Machine Learning
Open Source
Software
$30M22 Nov 2021 Berlin, Berlin, Germany

nTopology

3D Printing
Computer
Industrial Engineering
Manufacturing
Software
$65M18 Nov 2021 New York, New York, United States

Clutch Canada

Automotive
E-Commerce
$79M16 Nov 2021 Old Toronto, Ontario, Canada

CompStak

Big Data
Commercial Real Estate
Real Estate
$50M11 Nov 2021 New York, New York, United States

Papa

Elder Care
Elderly
Nursing and Residential Care
$150M04 Nov 2021 Miami, Florida, United States

Antiva Biosciences

Biotechnology
Health Care
Medical
$31M02 Nov 2021 California, United States
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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