VC firm Canaan has closed an $850M funding round to invest in tech and healthcare companies.

 

VC firm Canaan has closed an $850M funding round to invest in tech and healthcare companies.  The company has $6.8B worth of assets under management. Canaan has generated around $1.7B in returns from its investments in the last 10 years. Some of the companies Canaan has invested in are: Day One Biopharmaceuticals, The RealReal, Arvinas, etc. The investments will be deployed from two separate funds. Since being founded in 1987, the company has invested in over 700 deals and has had over 150 exits. Canaan is based in Menlo Park, California.