Canaan raises another $800M as it launches its next fund with an emphasis on biotech
Longtime VC player Canaan Partners has announced its newest fund and expects to funnel a good portion of that money into biotech over the next few years.
The technology and life sciences firm said it’s brought in a fresh $800 million to fund early-stage investing. This is Canaan’s 12th such fund and ties the amount it brought in back in June 2017, which it said at the time was a company record.
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