[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.