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Canaan Partners

Investor type Venture Capital
Founders Eric Young Harry T. Rein


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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 747
Average round size
The average size of a deal this fund participated in
Portfolio companies 381
Rounds per year 20.75
Lead investments 147
Follow on index
How often the fund supports its portfolio startups at next rounds
Exits 135
Key employees 18
Stages of investment
Early Stage Venture
Late Stage Venture

Areas of investment

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

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

Funds investing in previous rounds
These funds often invest in the rounds preceeding the rounds of Canaan Partners:
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:
Funds with the same geo focus
Funds with similar geography of portfolio companies:
Funds doing lead investments
Funds with similar focus acting as lead investors:

Notable deals

CompanyIndustryRound SizeDateInvestorsLocation


$600K31 Oct 2022 Los Angeles, California, United States


$65M25 Oct 2022 West Haven, Connecticut, United States


Enterprise Software
Intelligent Systems
Machine Learning
Natural Language Processing
$21M06 Oct 2022 New York, New York, United States


$5M25 Aug 2022 New York, New York, United States


Cyber Security
Network Security
$3M17 Aug 2022 -


Human Resources
Information Technology
$18M04 Aug 2022 San Francisco, California, United States


Sales Automation
$400M21 Jul 2022 Paris, Ile-de-France, France


$7M28 Jun 2022 New York, New York, United States


Information Technology
$41M22 Jun 2022 San Francisco, California, United States
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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