Canaan Partners

Canaan Partners

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Headquarters Location

United States, Menlo Park

About

Canaan Partners is the renowned VC, which was created in 1987. The the headquarters of this VC is in Menlo Park. This investor is located in North America, United States.

The fund was established by Eric Young, Harry T. Rein. The overall number of key employees in the fund's team is 18.

In 2012, the fund's activity was at its peak. Additionally, in 2019 the fund was active. Canaan Partners participates, on average, in 9 percentage points less than the average amount of lead investments in other funds. The most common rounds for this fund are in the range of 10 - 50 millions dollars. In terms of the fund's performance, this VC has 14 percentage points more exits when compared to other organizations. The fund typically enters into 13-24 deals annually. The average start-up valuation at the time of investment from Canaan Partners is 50-100 millions dollars. The highest number of exits from this fund were in 2014.

Instacart, Lending Club, SuccessFactors are amongst the various portfolio companies of this fund. The fund has no specific requirements for the number of founders in a start-up. If the applying start-up has 5+ founders, it is very unlikely that funding will be awarded. Among their most successful investment fields, we have identified Biotechnology, Enterprise Software. Also, because of its portfolio diversification tendency, we can highlight 81 more industries for this fund. The country of its foundation and the country of the most frequent investments for the fund coincides - United States. In addition to this location, the fund participated in 11 other locations. Also, a start-up has to be aged 4-5 years to expect investment from this fund.

The fund typically invests in rounds with 4-5 participants. Along with Canaan Partners, start-ups are often financed by Lerer Hippeau, Intel Capital, Domain Associates as well as 316 other investors. The most common co-investors for the fund are Polaris Partners, Norwest Venture Partners, Mayfield Fund and also 391 different VCs. In subsequent rounds, the fund is usually supported by Silicon Valley Bank, Pelion Venture Partners, Battery Ventures, out of 296 investors from our database.

Year Founded

1987

Fund Activity

Operative

Mail Rule [rules by which you can get an email of an interesting for you fund employee, knowing only the name and surname of this employee]

Domain name: canaan.com; User name format in descending order of probability: first_initial last, first last, last first_initial, first, first last_initial

Group Appearance [how often fund is operating separately from groups with shared interest]

98.4% of cases

Investments per Year [average amount of rounds in which fund participates each year]

13-24

Follow-on Index [how often fund is ready to support its portfolio startup at next rounds]

38.9% of cases

Average Multiplicator [the average ratio of the last valuation of portfolio startups to their total amount of financing raised]

x8.8

Average Portfolio Company
Exit Age [the average age of portfolio startups at which they go public or become acquired]

4.2 years

Decision Makers / Strategy
Similarity Index [see explanation at unicorn-nest.com/dataset-what-we-tweet-vs-what-we-invest]

0.33 out of 1

Success / Strategy Similarity
Index [the matching between fund's investment strategy and its proved successes in the form of portfolio startups high valuations]

0.43 out of 1

Number of Unicorns [amount of portfolio companies, which were valuated at more then $1B]

8

Number of Minotaurs [amount of portfolio companies, which raised more then $1B in total]

1

Funds Investing in Previous
Rounds

Lerer Hippeau, Intel Capital, Domain Associates

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