Company Overview of Canaan Partners
Canaan Partners is a private equity, venture capital firm specializing in buyout investments 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 inves...
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
JP Morgan May Acquire Canaan Partners' India Portfolio
Mar 18 15
J.P. Morgan Asset Management, Inc. has emerged the frontrunner to buy Canaan Partners' domestic portfolio for more than $200 million. At least three other investment firms including Madison India Capital have also submitted bids to buy Canaan's India portfolio, three people with direct knowledge of the developments told, adding that the JP Morgan unit was most likely to clinch the deal. "The bid that they put in was a few percentage points on the net asset value of the portfolio and that's how they got the deal," said a person whose firm had shown interest in the portfolio, declining to be identified. Avneet Kochar, regional adviser for private equity at JP Morgan Asset Management and who is leading the deal discussions for the fund house, has met the founders of Canaan's portfolio companies, said the Chief Executive of one of these firms, speaking on condition of anonymity. "The deal is in advanced stages of discussion. It is being done by one of their (Canaan's) US-based limited partners," one of the three people privy to the developments said.
The deal, in the works for nearly a year, will see the buyer take over Canaan's stakes in multiple portfolio companies. "Details with respect to whether the sale will involve all 13 companies are still being worked out," said a second person with direct knowledge of developments. Alok Mittal, Managing Director at Canaan Partners India, could not be reached for comments. Executives at the firm's Menlo Park, California office did not respond to email queries from Economic Times(ET). JP Morgan's Kochar did not reply to emails sent by ET. "It is against our policy to comment on any specific transaction and whether we are aware of it or not," Surya Chadha, senior managing director at Madison, said in an email response. Email queries sent to Canaan's portfolio companies, including Bangalore based Happiest Minds and Gurgaon based iYogi, did not elicit responses till the time of going to print. "We have not received any official intimation yet of a change in shareholding," said Vasudevan PN, Managing Director of Equitas Holdings.
Canaan Partners Presents at CED Life Science Conference 2015, Mar-04-2015 10:15 AM
Feb 11 15
Canaan Partners Presents at CED Life Science Conference 2015, Mar-04-2015 10:15 AM. Venue: Raleigh Convention Center, Raleigh, North Carolina, United States. Speakers: Stephen D. Bloch, General Partner.
Canaan Partners Presents at 17th Annual BIO CEO & Investor Conference, Feb-09-2015 03:00 PM
Jan 20 15
Canaan Partners Presents at 17th Annual BIO CEO & Investor Conference, Feb-09-2015 03:00 PM. Venue: The Waldorf Astoria, New York, New York, United States. Speakers: Julie Papanek, Principal.
Similar Private Companies By Industry
Recent Private Companies Transactions