Canaan Partners

Founded 1987
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 667
Average round size
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The average size of a deal this fund participated in
$20M
Portfolio companies 308
Rounds per year 9.06
Lead investments 138
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.49
Exits 119
Stages of investment
Early Stage Venture
Late Stage Venture

Areas of investment

  • Biotechnology
  • Enterprise Software
  • Health Care
  • Medical
  • 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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Notable deals

CompanyIndustryRoundRound SizeDateInvestorsLocation

nate

Apps
Consumer Software
E-Commerce
Early Stage Venture
38M17 Jun 2021 United States, New York

Synthekine

Biotechnology
Therapeutics
Early Stage Venture
107M10 Jun 2021 United States, " United States"}

Kepler Communications

Satellite Communication
Telecommunications
Early Stage Venture
60M09 Jun 2021 Canada, Old Toronto

Contentsquare

Analytics
CRM
E-Commerce
SaaS
Sales Automation
Late Stage Venture
500M25 May 2021 France, Paris

Fireflies.ai

Enterprise Software
Meeting Software
Messaging
SaaS
Software
Early Stage Venture
14M24 May 2021 United States, San Francisco

Edge Impulse

Computer
Machine Learning
Web Apps
Early Stage Venture
15M18 May 2021
United States, San Jose

Seed
3M29 Apr 2021

BoostUp.ai

Analytics
Artificial Intelligence
Machine Learning
Predictive Analytics
Sales Automation
Software
Early Stage Venture
6M28 Apr 2021
United States, " United States"}

Archipelago

Electronics
Trading Platform
Early Stage Venture
34M20 Apr 2021 United States, Chicago
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 w... Read more
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. Read more

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