Monday, January 9, 2012

Canaan Partners raises $600M for tech, healthcare ventures

Canaan Partners raised a $600 million fund, the Menlo Park-based venture capital firm said Monday, targeting technology and healthcare companies.
About two-thirds of the fund will be geared to digital media, consumer Internet, enterprise, mobile and communications companies in the United States, India and Israel. The remaining third will be split between biopharma, medical device and healthcare infrastructure companies, with about half of the healthcare investments tied to drug developers.

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