Canaan Raises $600 Million Fund for Technology, Health Care
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Canaan Partners, a global venture fund with $3.5 billion under management, has raised $600 million to invest in technology and health-care companies.
Canaan, based in Menlo Park, California, will spend two-thirds of the fund on digital media, Internet, mobile and other technology companies, and a third is designated for pharmaceutical, medical device and health-care investments, the company said today in a statement.