MENLO PARK, Calif.--(BUSINESS WIRE)--May 3, 2005--Canaan Partners, an early-stage investor and creator of next-generation companies in technology and life sciences, today announced the closing of Canaan VII. The fund will invest in Internet infrastructure, communications, software and services, medical devices, biological sciences, pharmaceuticals and diagnostics. The closing of Canaan VII brings Canaan Partners capital under management to $2.2 billion.
Canaan also announced today the promotions of two general partners at the firm, Brent Ahrens and Maha Ibrahim. Mr. Ahrens and Ms. Ibrahim will join other general partners in Canaan VII: John Balen, James Furnivall, Deepak Kamra, Gregory Kopkinsky, Seth Rudnick, Guy Russo, and Eric Young.
