Investments
86Portfolio Exits
13Funds
3About Canvas Ventures
Canvas is a Menlo Park-based venture capital firm focused on making early-stage investments in software and services. Spun out from Morgenthaler Ventures in August 2013, Canvas was initially managed by Rebecca Lynn, Gary Little and Gary Morgenthaler. Paul Hsiao joined as general partner in May 2014. Previous to Canvas, these partners led early investments in companies such as Lending Club, Evernote, Siri, Houzz, MuleSoft, Elance-oDesk, and Doximity. Canvas has made four investments since raising its inaugural fund; these include CrowdFlower, FutureAdvisor, HealthLoop, and Totango. With its thesis-based approach to investing, Canvas continues to establish itself as the go-to VC firm for enterprise SaaS, financial services, digital health, marketplaces, big data, and machine learning.
Canvas Ventures Headquarter Location
3200 Alpine Road
Portola Valley, California, 94028,
United States
650-388-7600
Canvas Ventures Web Traffic
Canvas Ventures Rank
Research containing Canvas Ventures
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Canvas Ventures in 1 CB Insights research brief, most recently on Aug 21, 2019.
Latest Canvas Ventures News
Jun 27, 2022
FinSMEs Search for: Keyway , a New York-based provider of a technology platform that simplifies commercial real estate transactions, raised $25M in Series A funding. The round was led by Camber Creek with participation from Canvas Ventures, Crosscut, Montage Ventures, Thomvest and Parker89. The company intends to use the funds to invest in its technology and machine learning (ML) technology. Led by CEO Matias Recchia and COO and co-founder Sebastian Wilner, Keyway is a commercial real estate platform that makes it easy for small and medium businesses to quickly and predictably achieve their goals. Keyway handles sourcing, underwriting, closing and asset management with a full technology stack. The company, which has plans to facilitate at least $200M in transactions by the end of the year, with an initial focus on sale-leaseback and expansion solutions for medical, dental and veterinary practices, previously raised a $15M seed financing round led by Canvas Ventures and over $100M in debt financing. FinSMEs
Canvas Ventures Investments
86 Investments
Canvas Ventures has made 86 investments. Their latest investment was in Keyway as part of their Series A on June 6, 2022.
Canvas Ventures Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
6/21/2022 | Series A | Keyway | $25M | No | 3 | |
5/3/2022 | Series C | Possible Finance | $20M | No | 2 | |
5/3/2022 | Seed VC | Decrypt | $10M | Yes | Alex Bamberger, Don Ho, Global Coin Research, Hack VC, HashKey Capital, Honey DAO, IOSG, Jordan Garbis, Orange DAO, Own.fund, Richard Dai, SKH Group, Steven Fingerhood, Terry Mcdonell, Undisclosed Angel Investors, Undisclosed Investors, William Mougayar, and XBTO Humla Ventures | 2 |
3/28/2022 | Series B | |||||
3/10/2022 | Series E |
Date | 6/21/2022 | 5/3/2022 | 5/3/2022 | 3/28/2022 | 3/10/2022 |
|---|---|---|---|---|---|
Round | Series A | Series C | Seed VC | Series B | Series E |
Company | Keyway | Possible Finance | Decrypt | ||
Amount | $25M | $20M | $10M | ||
New? | No | No | Yes | ||
Co-Investors | Alex Bamberger, Don Ho, Global Coin Research, Hack VC, HashKey Capital, Honey DAO, IOSG, Jordan Garbis, Orange DAO, Own.fund, Richard Dai, SKH Group, Steven Fingerhood, Terry Mcdonell, Undisclosed Angel Investors, Undisclosed Investors, William Mougayar, and XBTO Humla Ventures | ||||
Sources | 3 | 2 | 2 |
Canvas Ventures Portfolio Exits
13 Portfolio Exits
Canvas Ventures has 13 portfolio exits. Their latest portfolio exit was 11 Honore on June 01, 2022.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
6/1/2022 | Acquired | 2 | |||
11/19/2021 | Acquired | 3 | |||
10/20/2021 | Acq - Fin | 1 | |||
Date | 6/1/2022 | 11/19/2021 | 10/20/2021 | ||
|---|---|---|---|---|---|
Exit | Acquired | Acquired | Acq - Fin | ||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 2 | 3 | 1 |
Canvas Ventures Fund History
3 Fund Histories
Canvas Ventures has 3 funds, including Canvas Ventures 3.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
|---|---|---|---|---|---|
3/30/2021 | Canvas Ventures 3 | $350M | 3 | ||
9/26/2016 | Canvas Ventures 2 | ||||
9/12/2013 | Canvas Ventures 1 |
Closing Date | 3/30/2021 | 9/26/2016 | 9/12/2013 |
|---|---|---|---|
Fund | Canvas Ventures 3 | Canvas Ventures 2 | Canvas Ventures 1 |
Fund Type | |||
Status | |||
Amount | $350M | ||
Sources | 3 |
Canvas Ventures Team
6 Team Members
Canvas Ventures has 6 team members, including current Founder, General Partner, Paul Hsiao.
Name | Work History | Title | Status |
|---|---|---|---|
Paul Hsiao | New Enterprise Associates, Mazu Networks, McKinsey & Company, Medtronic, and Massachusetts General Hospital | Founder, General Partner | Current |
Gary Little | Apple, Sun Microsystems, and IBM | Founder, General Partner | Current |
Rebecca Lynn | Founder, General Partner | Current | |
Grace Isford | Managing Partner | Current | |
Mike Ghaffary | General Partner | Current |
Name | Paul Hsiao | Gary Little | Rebecca Lynn | Grace Isford | Mike Ghaffary |
|---|---|---|---|---|---|
Work History | New Enterprise Associates, Mazu Networks, McKinsey & Company, Medtronic, and Massachusetts General Hospital | Apple, Sun Microsystems, and IBM | |||
Title | Founder, General Partner | Founder, General Partner | Founder, General Partner | Managing Partner | General Partner |
Status | Current | Current | Current | Current | Current |
Discover the right solution for your team
The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.