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Canaan Partners Closes $600 Million Fund

[Techtaffy Newsdesk]

Venture capital firm Canaan Partners  has closed a new $600 million fund, Canaan IX. The new fund brings total capital under management by Canaan Partners to $3.5 billion.

Approximately two-thirds of Canaan IX will be allocated to technology investments in digital media, consumer internet, enterprise, mobile and communications companies in the U.S., India and Israel. One-third of the fund will be invested in healthcare  —  biopharmaceutical, medical device and healthcare infrastructure companies.

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