Canaan Partners kicks off the year's VC fundraising market.
Venture capital firm Canaan Partners today announced that it has raised $600 million for its ninth fund, bringing the firm's total capital under management to $3.5 billion.
Canaan had raised $650 million for its eighth fund back in 2007. The downsizing was based on the firm's desire to get its investment cycle down from four years to three years, according to general partner MORE