Printer Friendly

Canvas Ventures closes USD300m fund for software, services startups investments.

M2 EQUITYBITES-September 27, 2016-Canvas Ventures closes USD300m fund for software, services startups investments


Canvas Ventures has closed Canvas Ventures 2, a new USD300 million fund to focus on software and early stage tech companies, the company said.

Canvas Ventures 2 was closed in June 2016. The firm listed USD250 million as its target fundraising amount on their PPM (private placement memorandum). The fund was oversubscribed, closing at its hard cap of USD300 million. The firm's previous fund was capitalized at USD175 million in August 2013.

The four investing Canvas Ventures partners for the new fund are: Rebecca Lynn, Gary Little, Paul Hsiao, and Ben Narasin.

Canvas said its initial investment into a company could range from USD250,000 to USD10 million. The company will focus on technology startups in the Silicon Valley with thesis areas of artificial intelligence, network marketplaces, fintech, digital health and new enterprise.

Canvas Ventures is an early-stage venture capital firm based in Silicon Valley. Canvas portfolio companies include: FutureAdvisor (acquired by BlackRock), CrowdFlower, Eden, Everwise, HealthLoop, Totango, Transfix, Viewics and Zola.

((Comments on this story may be sent to

COPYRIGHT 2016 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2016 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:M2 EquityBites (EQB)
Date:Sep 27, 2016
Previous Article:Q4 partners with Rackspace, AWS to release Q4 cloud solution for investor relations websites.
Next Article:Midwest Real Estate News names Walker & Dunlop named top direct lender.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters