Company Overview of Canaan Partners
Canaan Partners is a venture capital firm specializing in all stages of development, seed financings, start-ups, growth and early stage investments, typically Series A and B financings. It typically invests in technology and healthcare sectors. Within technology, it focuses on fintech, big data, cloud, mobile, consumer software, advertising and marketing, clean technology, security, domains, wireless, managed services, online advertising, electronic payments, mobile, micro payments, and loyalty services, electronics and computer hardware, digital media, enterprise software and services, and communications and mobility. In clean technology, the firm invests in early stage and mid-stage in tec...
2765 Sand Hill Road
Menlo Park, CA 94025
Founded in 1987
Key Executives for Canaan Partners
Chief Financial Officer and Administrative General Partner
Compensation as of Fiscal Year 2014.
Canaan Partners Key Developments
Canaan Partners Launches INR 3,000 Million Debt Fund
Sep 23 14
Canaan Partners has launched a INR 3,000 million (around $50 million) debt fund, which will seek to back early-stage and established technology ventures in India. The fund is being floated in partnership with Nilesh Kothari, former M&A head of Accenture India. The debt fund will typically invest between INR 50 million and INR 150 million each, for 16% to 18% interest rate.
UnitedLex Reportedly Up For Sale
Mar 14 14
Helion Venture Partners, LLC, Sequoia Capital and Canaan Partners are reportedly looking to sell UnitedLex Corporation for $200 million. Helion Venture, Sequoia Capital and Canaan Partners have reportedly mandated Credit Suisse to look for a buyer for the company with a hybrid offshoring model, people familiar with the matter said. Investment bankers have approached strategic buyers like Huron Consulting Group Inc. (NasdaqGS:HURN), Copal Partners and private equity buyout funds with the sale offer, sources mentioned earlier said. Pavan Vaish, global Chief Operating Officer of UnitedLex, said the news was inaccurate, “Given where we are in terms of delivered performance and the fact that we continue to see significant business growth in the coming year".
Cannan Partners To Exit Bharatmatrimony, Iyogi And UnitedLex
Mar 11 14
Canaan Partners said three of its portfolio companies Matrimony.com Pvt. Ltd., iYogi, Inc. and UnitedLex Corporation have matured for an exit and it will look for some sell-offs in 2014. "Three of our portfolio companies are mature and profitable companies right now...We will be looking forward for exiting them," Cannan Partners Managing Director Alok Mittal said. When asked about the route which could be taken for the exits, Mittal said an initial public offering, a strategic player acquiring it or a large buy-out fund picking it up in a secondary sale, are part of the options.
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