# Canaan: portfolio, investments and team

> Canaan is a vc firm based in United States. 610 investments on record, 31 in the last 12 months, latest Oct 2026. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/canaan-partners (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# Canaan

Last cheque observed Oct 2026; 610 cheques on record.

Email

Deploying now New fund $1.1M, Apr 2024 VC firm

Pre-seed Seed Series A B2b2c Fin-tech Paytech

Follow Canaan and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fcanaan-partners)

Deploying now

**76%** of best year **31** **cheques in 12 months**, 610 on record

Since the last cheque **1** days **00** hrs **00** min **00** sec

Median round **$20M** Cheque size, as they say **$500K – $20M** Rounds led **12 of 610** Sole investor **55 rounds** Exits **53 from the portfolio** Mostly in **United States, 89%**

Pitch Canaan

## Canaan highlights

- 01 31 cheques in the last 12 months
- 02 Mostly Series A and Series B: 50% of its rounds
- 03 Sole investor in 55 rounds, median $6.0M
- 04 53 exits from the portfolio

## What they do

> Canaan is an early-stage venture capital firm that invests in visionaries with transformative ideas. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $500K – $20M as they say
- **Stages:** Pre-seed Seed Series A Series B
- **Sectors:** B2b2c Fin-tech Paytech
- **Based in:** San Francisco, United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **610 appearances**

- **2026** 27 rounds
- **Oct** **[Setara Biosciences](https://millionrounds.com/company/setara-biosciences)** Series A · US · Pulse 2.0 **$90M** With 6 others
- **Oct** **[Luxor Technology](https://millionrounds.com/company/luxor-technology)** US · Google News search **$16M** With 4 others
- **Sept** **[Solstice Oncology](https://millionrounds.com/company/solstice-oncology)** Series A · US **$225M** With 2 others
- **Aug** **[Actualyze AI](https://millionrounds.com/company/actualyze-ai)** Seed · US **$7.0M** With 2 others
- **Jun** **[Rylo](https://millionrounds.com/company/rylo)** Series B · US · Ventureburn **$85M** *Led*
- **Jun** **[Aeva](https://millionrounds.com/company/aeva)** US **$115M** With 2 others
- **Jun** **[AttoTude](https://millionrounds.com/company/attotude)** Series C · US **$52M** With 2 others
- **Jun** **[Vedana Therapeutics](https://millionrounds.com/company/vedana-therapeutics)** Series A · US **$46M** With 1 other
- **Jun** **[IDEAYA Biosciences](https://millionrounds.com/company/ideaya-biosciences)** US **$345M** With 3 others
- **May** **[Tomorrow.io](https://millionrounds.com/company/tomorrow-io)** Series F · US · Ventureburn **$35M** With 6 others
- **May** **[Treasury](https://millionrounds.com/company/treasury)** Seed · NL **$2.5M** With 1 other
- **May** **[SageOx](https://millionrounds.com/company/sageox)** Seed · US **$15M** Sole investor
- **Apr** **[C-Infinity](https://millionrounds.com/company/c-infinity)** Seed · Ventureburn **$16M** *Led*
- **Apr** **[Hermeus](https://millionrounds.com/company/hermeus)** US · TechCrunch **$350M** With 10 others
- **Apr** **[Hermeus](https://millionrounds.com/company/hermeus)** Series C · US **$200M** With 3 others
- **Mar** **[RenoFi](https://millionrounds.com/company/renofi)** Series B · US · Ventureburn **$22M** With 11 others
- **Mar** **[Transposon Therapeutics](https://millionrounds.com/company/transposon-therapeutics)** Grant · US **$22M** With 1 other
- **Mar** **[World View Enterprises](https://millionrounds.com/company/world-view-enterprises)** Venture · US **$10M** With 2 others
- **Mar** **[Instrumental](https://millionrounds.com/company/instrumental)** Venture · US **Undisclosed** With 4 others
- **Mar** **[Vima Therapeutics](https://millionrounds.com/company/vima-therapeutics)** Series A · US **$40M** With 1 other
- **Mar** **[Cayena](https://millionrounds.com/company/cayena)** Venture · BR **Undisclosed** With 4 others
- **Feb** **[Rapidata](https://millionrounds.com/company/rapidata)** Seed · CH **$8.5M** With 3 others
- **Feb** **[Field AI](https://millionrounds.com/company/fieldai)** Venture · US **Undisclosed** With 5 others
- **Jan** **[Nocion Therapeutics](https://millionrounds.com/company/nocion-therapeutics)** Series B · US · Lumira Ventures **$23M** With 9 others
- **Jan** **[HeyMilo](https://millionrounds.com/company/heymilo)** Seed · US **$3.9M** With 1 other
- **Jan** **Arbe** **$19M** With 3 others
- **Jan** **[Artie](https://millionrounds.com/company/artie)** Series A · US **$12M** With 4 others
- **2025** 35 rounds
- **Dec** **[Novee Security](https://millionrounds.com/company/novee-security)** Debt **$10M** Sole investor
- **Dec** **[Safire Technology Group](https://millionrounds.com/company/safire-technology-group)** Venture · US **$2.7M** With 2 others
- **Nov** **[NextCure](https://millionrounds.com/company/nextcure)** US **$22M** With 4 others
- **Nov** **[Quarry Thera](https://millionrounds.com/company/quarry-thera)** Series A · US **$32M** Sole investor
- **Oct** **[Sumble](https://millionrounds.com/company/sumble)** Seed · US · TechStartups **$39M** *Led*
- **Oct** **[Sumble](https://millionrounds.com/company/sumble)** Series A · US **$30M** With 4 others
- **Sept** **[Doorstep](https://millionrounds.com/company/doorstep)** Seed · US · TechCrunch **$8.0M** *Led*
- **Sept** **[Semnur Pharmaceuticals](https://millionrounds.com/company/semnur-pharmaceuticals)** US **$100M** With 1 other
- **Aug** **[FieldAI](https://millionrounds.com/company/fieldai)** US · TechCrunch **$405M** With 10 others
- **Aug** **[Omnichent](https://millionrounds.com/company/omnichent)** Seed · US **$1.8M** With 2 others
- **Aug** **[Iterum Therapeutics](https://millionrounds.com/company/iterum-therapeutics)** IE **$2.2M** With 1 other
- **Aug** **[Alkymi](https://millionrounds.com/company/alkymi)** Venture · US **Undisclosed** With 3 others
- **Aug** **[Arvinas](https://millionrounds.com/company/arvinas)** Venture · US **Undisclosed** With 5 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **18 named**

BC **Brendan Charles Dickinson** Manager of Canaan Partners Xii LLC i Form ADV

BK **Brenton K. Ahrens** Manager of Canaan Partners Vii LLC i Form ADV

DK **Deepak Kamra** Manager of Canaan Partners Vii LLC i Form ADV

EM **Ebony Myles-Berry** Director i Filing they signed

GM **Guy M. Russo** Manager of Canaan Partners Vii LLC i Form ADV

HS **Hrach Simonian** Manager of Canaan Partners X LLC i Form ADV

JP **John Pacifico** Chief Operating Officer and Chief Financial Officer i Form ADV

JV **John V. Balen** Manager of Canaan Partners Vii LLC i Form ADV

JB **Joydeep Bhattacharyya** Manager of Canaan Partners Xi LLC i Form ADV

JP **Julie Papanek Grant** Manager of Canaan Partners Xii LLC i Form ADV

MS **Maha Saleh Ibrahim** Vice President i Form ADV

MC **Mark Cook** Director i Filing they signed

MC **Matthew Crakes** Mr. Crakes is the managing member of Canaan Valley Capital GP LLC, the general partner of the Issuer, and Canaan Valley Capital Management LLC, the investment manager i Filing they signed

NS **Nina Sofia Kjellson** Manager of Canaan Partners X LLC i Form ADV

RB **Richard Boyle** Manager of Canaan Partners Xi LLC i Form ADV

SB **Stephen Bloch** Manager of Canaan Partners Vii LLC i Form ADV

TS **Tim Shannon** Manager of Canaan Partners X LLC i Form ADV

WE **Wende Ellen Sawyer** Manager of Canaan Partners Vii LLC i Form ADV

We also hold **37** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$5.5B** gross assets of its funds Oct 2026

**10+** funds on file numbered funds in its name

**Exempt** reporting adviser venture or small private funds

- **Legal name:** Canaan Management, LLC
- **SEC number:** CRD 161180

Who backs their funds

## 1 LP on record in Canaan's funds

- **Committed:** $242M
- **Funds:** 2
- **Vintages:** 2024

The institutions that put money into its funds, which the firm then invests in companies. Source: the pension's own report, latest Mar 2026.

- [**California Public Employees' Retirement System (CalPERS)** 2 funds *$242M*](https://millionrounds.com/fund/california-public-employees) Fund Vintage Committed Canaan XIII 2024 $205M Canaan XIII Healthcare Fund 2024 $37M

## What they claim to have backed

From their own portfolio page (on their website)

**0** of 1 we have independently watched raise

LP Portal

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

## Exits from the portfolio

Companies it backed that were later bought or listed **53 in all**

**[Kustomer](https://millionrounds.com/company/kustomer)** Bought by [Facebook](https://millionrounds.com/fund/facebook) **$1.0B** Nov 2020

**[GrokStyle](https://millionrounds.com/company/grokstyle)** Bought by [Facebook](https://millionrounds.com/fund/facebook) **Undisclosed** Feb 2019

**[Novira Therapeutics](https://millionrounds.com/company/novira-therapeutics)** Bought by [Johnson & Johnson](https://millionrounds.com/fund/johnson-and-johnson) **Undisclosed** Nov 2015

**[Lancope](https://millionrounds.com/company/lancope)** Bought by [Cisco](https://millionrounds.com/fund/cisco) **$453M** Oct 2015

**[Spinifex Pharmaceuticals](https://millionrounds.com/company/spinifex-pharmaceuticals)** Bought by [Novartis](https://millionrounds.com/fund/novartis) **$200M** Jun 2015

**[Cortina Systems](https://millionrounds.com/company/cortina-systems)** Bought by INPHI **$131M** Oct 2014

**[Civitas Therapeutics](https://millionrounds.com/company/civitas-therapeutics)** Bought by Acorda Therapeutics **$525M** Sept 2014

**[Metacloud](https://millionrounds.com/company/metacloud)** Bought by [Cisco](https://millionrounds.com/fund/cisco) **Undisclosed** Sept 2014

**[Artspace](https://millionrounds.com/company/artspace)** Bought by Phaidon Press **Undisclosed** Aug 2014

**[Skybox Imaging](https://millionrounds.com/company/skybox-imaging)** Bought by [Google](https://millionrounds.com/fund/google-assistant-investments) **$500M** Jun 2014

**[Labrys Biologics](https://millionrounds.com/company/labrys-biologics)** Bought by [Teva Pharmaceutical Industries](https://millionrounds.com/fund/teva-pharmaceutical-industries) **$825M** Jun 2014

**[AtheroMed](https://millionrounds.com/company/atheromed)** Bought by Volcano Corporation **$117M** May 2014

**[ACTIVE Network](https://millionrounds.com/company/active-network)** Bought by [Vista Equity Partners](https://millionrounds.com/fund/vista-equity-partners) **Undisclosed** Nov 2013

**[Echopass Corporation](https://millionrounds.com/company/echopass-corporation)** Bought by [Genesys](https://millionrounds.com/fund/genesys) **Undisclosed** Oct 2013

**[Blip](https://millionrounds.com/company/blip)** Bought by [Maker Studios](https://millionrounds.com/fund/maker-studios) **Undisclosed** Aug 2013

**[Tremor Video](https://millionrounds.com/company/tremor-video)** Listed **$75M** Jun 2013

**[Enpirion](https://millionrounds.com/company/enpirion)** Bought by [Altera](https://millionrounds.com/fund/altera) **$140M** May 2013

**[Virsto Software](https://millionrounds.com/company/virsto-software)** Bought by [VMware](https://millionrounds.com/fund/vmware) **Undisclosed** Feb 2013

**[Acme Packet](https://millionrounds.com/company/acme-packet)** Bought by [Oracle Corporation](https://millionrounds.com/fund/oracle) **$2.1B** Feb 2013

**[XDN/3Crowd Technologies](https://millionrounds.com/company/xdn-3crowd-technologies)** Bought by [Fortinet](https://millionrounds.com/fund/fortinet) **Undisclosed** Dec 2012

The latest 20 here. An exit counts when it came after the firm's first round in the company. From historical deal records.

New fund on file

**$1.1M**

raised in Apr 2024

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Pre-seed Seed Series A

Median round joined **$20M** the round, not its cheque Alone, median **$6.0M**

Led 12 of 610 rounds **2%**

- **Said size:** $500K – $20M
- **Sole investor:** 55 rounds
- **Last cheque:** Oct 2026
- **Exits:** 53 from the portfolio

Rounds by stage said on their site

- Series A said *132*
- Series B said *132*
- Series C *83*
- Venture *79*
- Seed said *58*
- Series D *43*
- Pre-seed said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [New Enterprise Associates](https://millionrounds.com/fund/new-enterprise-associates) 26
- [Intel Capital](https://millionrounds.com/fund/intel-capital) 16
- [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) 14
- [Y Combinator](https://millionrounds.com/fund/y-combinator) 14
- [Domain Associates](https://millionrounds.com/fund/domain-associates) 13
- [InterWest Partners](https://millionrounds.com/fund/interwest-partners) 13

**Pitching Canaan?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as Canaan. A count of rooms they were both in, not a relationship either has claimed.

[**New Enterprise Associates** VC firm **26** rounds together](https://millionrounds.com/fund/new-enterprise-associates)[**Intel Capital** Corporate VC **16** rounds together](https://millionrounds.com/fund/intel-capital)[**Alumni Ventures** VC firm **14** rounds together](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund)[**Y Combinator** Accelerator **14** rounds together](https://millionrounds.com/fund/y-combinator)[**Domain Associates** VC firm **13** rounds together](https://millionrounds.com/fund/domain-associates)[**InterWest Partners** VC firm **13** rounds together](https://millionrounds.com/fund/interwest-partners)[**Sofinnova Investments** VC firm **13** rounds together](https://millionrounds.com/fund/sofinnova-investments)[**5AM Ventures** VC firm **12** rounds together](https://millionrounds.com/fund/5am-ventures)[**Khosla Ventures** VC firm **12** rounds together](https://millionrounds.com/fund/khosla-ventures)[**Morgenthaler Ventures** VC firm **12** rounds together](https://millionrounds.com/fund/morgenthaler)[**RA Capital Management** Private equity **12** rounds together](https://millionrounds.com/fund/ra-capital-management)[**Correlation Ventures** VC firm **11** rounds together](https://millionrounds.com/fund/correlation-ventures)

## Recently backed

The latest companies Canaan put money into.

[**Solstice Oncology** $225M · Sept 2026](https://millionrounds.com/company/solstice-oncology)[**Actualyze AI** $7.0M · Aug 2026](https://millionrounds.com/company/actualyze-ai)[**AttoTude** $52M · Jun 2026](https://millionrounds.com/company/attotude)[**Vedana Therapeutics** $46M · Jun 2026](https://millionrounds.com/company/vedana-therapeutics)[**IDEAYA Biosciences** $345M · Jun 2026](https://millionrounds.com/company/ideaya-biosciences)[**Tomorrow.io** $35M · May 2026](https://millionrounds.com/company/tomorrow-io)

## On podcasts

2 episodes naming Canaan in the title, and 4 more that mention it.

- [This Week in Startups](https://millionrounds.com/podcasts/this-week-in-startups) 28 Feb 2023 · 58 min ANGEL: Canaan's Maha Ibrahim on fund sizing, distribution strategies & early VC days | E1687 With [Maha Ibrahim](https://millionrounds.com/person/maha-ibrahim) Mentions [Canaan](https://millionrounds.com/fund/canaan-partners) Apple PodcastsShow page
- [The Twenty Minute VC](https://millionrounds.com/podcasts/20vc) 27 Apr 2015 · 21 min 20 VC 031: Investing in Gaming, Luxury Goods and Disruption with Maha Ibrahim, General Partner @ Canaan Partners With [Maha Ibrahim](https://millionrounds.com/person/maha-ibrahim) Mentions [Canaan](https://millionrounds.com/fund/canaan-partners) Apple PodcastsShow page

### Mentioned in

- [The Full Ratchet](https://millionrounds.com/podcasts/full-ratchet) 23 Sept 2024 · 37 min 452. Consumer Headwinds, Whether AI Revenue Will Catch up with Infra Spend, and Are Creative "Takeunders" the Solution to Lina Khan's FTC Agenda (Laura Chau) Apple PodcastsShow page
- [In Depth](https://millionrounds.com/podcasts/in-depth) 31 Mar 2022 · 58 min A crash course on comms for founders, Nairi Hourdajian’s early-stage advice from Figma & Uber Apple PodcastsShow page
- [Capital Allocators](https://millionrounds.com/podcasts/capital-allocators) 21 Mar 2022 · 53 min Renata Quintini and Roseanne Wincek – Renegade Spin-Out in the Supercritical Stage, Venture is Eating the Investment World 11 (Capital Allocators, EP. 242) Apple PodcastsShow page
- [Growth Investor](https://millionrounds.com/podcasts/growth-investor) 10 Mar 2022 · 20 min Safeguarding Civilization: Dragos CEO Robert M. Lee Apple PodcastsShow page

## Quick answers about Canaan

### What does Canaan invest in?

Canaan invests most often at Series A and Series B (50% of the rounds on record), in sectors such as B2b2c, Fin-tech and Paytech.

### How active is Canaan?

610 investments on record, 31 of them in the last 12 months, and it led 12. The most recent was in Oct 2026.

### What has Canaan invested in recently?

Its most recent investments on record: Setara Biosciences (Series A, Oct 2026), Luxor Technology (Undisclosed round, Oct 2026) and Solstice Oncology (Series A, Sept 2026).

### How big are Canaan's cheques?

The median round it joins is $20M. It says it writes cheques of $500K to $20M.

### Does Canaan lead rounds?

Sometimes: it led 12 of its 610 investments on record (2%).

### Where does Canaan invest?

Most of the companies it backs are in the United States (89%).

### Is Canaan investing now?

Yes: it is actively investing, with 31 investments in the last 12 months.

### Who does Canaan invest alongside?

Most often New Enterprise Associates (26 rounds together), Intel Capital (16 rounds together) and Alumni Ventures (14 rounds together).

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