US - Canaan Partners, the California based venture capital firm, has closed its Canaan Equity III fund to investors at $700m and has made three new appointments to establish investments within the new equities fund.
Lead investors in the Canaan Equity III fund include the $102bn General Motors pension fund, Bank of Boston, First Union and Harbourvest. The fund, Canaan's sixth, will be split 3:1 between IT and ...
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