Canopy Ventures raises $100M second fund for IT and life science
Early-stage venture capital firm Canopy Ventures has raised $100 million for its second fund. The firm is an investor in the information technology fields, and is also making an initial foray into life sciences.
Canopy’s first fund came out of a venture firm founded by Ray Noorda in 1995. The amount it invested is not listed, but the firm says it has invested in over 100 companies to date.
The primary areas of IT investment Canopy looks at are enterprise software, IP video technologies, networking and communications, security software, WI-FI broadcasting, IT hosting and software as a service. It’s based in Lindon, Utah.
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About the Author, Chris Morrison
Chris Morrison writes about cleantech and environmental issues for VentureBeat, with occasional forays into gaming and semantic technology. He got his start writing about tech for Business 2.0 magazine, but quickly realized new media was the ticket when that institution closed its doors in 2007. Chris has also covered public equities and regulatory issues. He originally hails from southern Virginia, graduated from Evergreen State College in Washington, and now lives in San Francisco.