The Funded: Despite the downturn, Canaan Partners raised $850M for pair of new venture funds

Venture firms in general have had trouble this year raising new capital, but that didn’t stop Canaan Ventures from pulling in $850 million total for two new funds.

The 35-year-old Menlo Park firm raised $650 million for its 13th flagship fund, which will focus on investing in early-stage companies, it announced Thursday. It also raised $200 million for a fund it plans to use to make add-on investments in the companies that are already in its portfolio.

Canaan’s announcement came the same day…

Leave a Reply

Your email address will not be published. Required fields are marked *