Canaan Has Capital For Start-Ups With Eye On New Twists On Traditional Modalities In Pharma

VC partner Colleen Cuffaro talked to Scrip about how the investment firm plans to direct investment in biopharma and raising capital in a challenging environment.

money bags
Canaan has raised capital for a new fund to invest in biopharma • Source: Shutterstock

Canaan Partners will invest $650m in health care and technology start-ups as part of a new, oversubscribed fund called Canaan XIII, the VC firm announced on 6 April. About 35% of the money, which will be dedicated to entrepreneurs seeking seed and series A financing, will be devoted to investment in biopharma.

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