Profile
Canaan Partners is a venture capital firm based in Menlo Park, California, founded in 1987. The firm is known for its focus on early-stage investments in the healthcare and technology sectors. With a team of 23 professionals, Canaan Partners prides itself on a collaborative and debate-driven approach to investment decisions, emphasizing a balance between technology and healthcare investments.
Canaan Partners invests in sectors such as biotech, fintech, consumer, and deep tech, with typical check sizes ranging from $1 million to $20 million. The firm primarily invests in Seed and Series A stages and has a global investment reach, including North America, Europe, Asia, and other regions. Canaan manages several funds, including Canaan Fund IX, X, XI, XII, and XIII, with assets under management totaling over $3 billion.
Notable portfolio companies include Hermeus - aerospace technology, Halda - prostate cancer therapeutics, FieldAI - robotics intelligence, CatalYm - immunotherapy, and Vedana Therapeutics - migraine prevention. These investments highlight Canaan's commitment to backing transformative ideas across diverse industries.
Industry
Canaan Partners Funds
| Name | Type |
|
|
|
Size | AUM | Launch date |
|---|---|---|---|---|---|---|---|
|
Canaan Fund IX
|
Venture Capital (VC)
|
Biotechnology
Consumer Products
Fintech
AI
Cybersecurity
HealthTech
Deeptech
|
Pre-seed
Seed
Series A
|
North America
|
$5-10 m
|
$600 M
|
January 2012
|
|
Canaan Fund X
|
Venture Capital (VC)
|
Fintech
Healthcare Services
Technology
Deeptech
|
Pre-seed
Seed
|
North America
Middle East
|
$5-10 m
|
$675 M
|
October 2014
|
|
Canaan Fund XII
|
Venture Capital (VC)
|
Biotechnology
Healthcare Services
AI
Technology
|
Pre-seed
Seed
|
North America
Europe
Middle East
|
$5-10 m
|
$800 M
|
October 2020
|
|
Canaan XIII
|
Venture Capital (VC)
|
Biotechnology
Healthcare Services
Technology
|
Pre-seed
Seed
|
North America
Europe
Middle East
|
$5-10 m
|
$650 M
|
April 2023
|
|
Canaan Fund XI – Biotech
|
Venture Capital (VC)
|
Financial Services
Fintech
Healthcare Services
Marketing and Advertising
Media and Entertainment
SaaS
Software
HealthTech
|
Pre-seed
Seed
|
North America
|
$5-10 m
|
$800 M
|
July 2017
|
|
Canaan Opportunity Fund
|
Venture Capital (VC)
|
Financial Services
Fintech
Healthcare Services
Marketing and Advertising
Media and Entertainment
SaaS
Software
HealthTech
|
Pre-seed
Seed
|
North America
|
$5-10 m
|
$200 M
|
April 2023
|
Contacts
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