25 Percent Of Canaan’s $650 Million Fund For India And Israel
By Nikhil Pahwa - Fri 21 Dec 2007 07:51 PM PST
Canaan Partners, which has recently closed its eight fund of around $650 million, intends to invest at least 25 percent of the money in India and Israel. This is a marked increase over the 10 percent that it had invested of it’s $450 million fund, in India and Israel. However, Canaan does not have a dedicated India corpus. It’s current investments include Consim India (the Bharatmatrimony group), TechTree Techtribe - a tech social networking site, iYogi, a remote desktop support company, and CellCast Asia Holdings, which creates interactive content for TV, leveraging the Internet and Mobile. More at Mint.
Posted in: Venture Capital
