Canaan Valley Capital
VC Fund
Old Greenwich, United States
Canaan Valley Capital is a VC fund in Old Greenwich focused on E-Commerce and Internet. Canaan Valley is a venture and growth equity firm that focuses mostly on providing capital to Asia (non-China) cutting edge technology and media companies. The firm partners with early-stage experienced entrepreneurs and thought-leading management teams to accelerate growth and maximize shareholder returns from the venture stage through IPO. Byemploying strong multi-sector experience, bottoms-up research, superior market technology vision, financial strategy, and an extensive network of superior contacts, Canaan Valley has enhanced value creation and financial performance for many of the region's most promising companies. Highlight Growth Equity investments: VerSe Innovation, Market Kurly, Zomato, and Crushmore. Highlight Venture/Early Stage: LocoNav, Jobhop, Tonik, Cleanorigin.com, Migo, Panagara, and Maria Health.
- Total investments:
- 15
- Last investment:
- Lead investor:
- 0%
Last updated:
For AI agents: llms.txt
Industries Canaan Valley Capital invests in
Stages Canaan Valley Capital invests in
Countries Canaan Valley Capital invests in
Round sizes
Contacts
| Name | Phone | Socials | |
|---|---|---|---|
Round size
- Seed
- $500k–$2.5M
Investment Focus
Industry
- E-Commerce 6 (40%)
- Internet 3 (20%)
- SaaS 2 (13%)
- Retail 2 (13%)
- Delivery 2 (13%)
Stage
- Seed 6 (40%)
- Series B 3 (20%)
- Series A 1 (7%)
- Series D 1 (7%)
- Series H 1 (7%)
Country
- Indonesia 3 (20%)
- Singapore 3 (20%)
- India 2 (13%)
- United States 2 (13%)
- Philippines 1 (7%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
|
Matthew Crakes
Managing Partner
|
Managing Partner | Total investments: 0 | Find email |
Investments
| Company | Description | Round | Links |
|---|---|---|---|
| A daily needs platform that uses a network of dark stores to guarantee deliveries in under 20 minutes. | $2.5M / Seed / Nov 23, 2021 | ||
| KaryaKarsa helps online creators display and paywall their creative works and services to their fan communities, through its direct to the fans monetization platform. | $500K / Seed / Nov 15, 2021 | ||
| VerSe Innovation is a local language technology company that develops a discovery platform to consume and socialize with media. Its platform facilitates the curation of content and tracks user preferences through its vertical search and recommendation tools that provide users with personalized content and notifications. | $100M / Series H / Feb 08, 2021 | ||
| Migo levels the digital playing field for 3 billion under-innovated consumers – bringing the best bits of the internet to the corner store, across the emerging world.After bringing reading into the digital era, Kindle tech inventor Barrett Comiskey built Migo’s disruptive unique ecosystem solution to provide affordable access to digital productsand services. Backed by Temasek, YouTube’s Co-Founding CTO, blue chip VCs, and key industry insiders, Migo delivers data up to 100 times cheaper than existing networks, and that cost advantage is growing.Migo launched in Indonesia in 2020. Migo’s initial product is sachet passes providing customers access to entertainment and education at convenient neighborhood clouds (aka Migo Download Stations/MDS). Migo today has over 300 MDS locations across Jakarta and is rapidly scaling. In September 2021, MNC Vision Networks (MVN), a subsidiary of leading media conglomerate MNC Group, invested $40 million for a minority stake in Migo Indonesia, accelerating Migo Indonesia’s rollout to reach 100 million Indonesians across Java by end of 2022. Prior to the investment, Migo Indonesia became the core distributor of Vision+ (MVN’s OTT) content, by launching Vision+ on Migo to deliver a tailored experience to offline consumers. In addition to its cornerstone partnership with Vision+, Migo Indonesia also carries entertainment content from a range of top local and international producers, and education content from the best Indonesian EdTech players, as well from the Ministry of Education, Culture, Research and Technology. | Series B / Jan 01, 2021 | ||
| ASTRO Indonesia is a quick commerce start-up platform that provides groceries and essentials in 15 mins. | Series B / Jan 01, 2021 | ||
| Maria Health created a place online where people can easily compare what the top healthcare brands have to offer and confidently shop right after. They offer simple, easy access to healthcare because they believe everyone deserves one. | Seed / Jan 01, 2021 | ||
| Migo levels the digital playing field for 3 billion under-innovated consumers – bringing the best bits of the internet to the corner store, across the emerging world.After bringing reading into the digital era, Kindle tech inventor Barrett Comiskey built Migo’s disruptive unique ecosystem solution to provide affordable access to digital productsand services. Backed by Temasek, YouTube’s Co-Founding CTO, blue chip VCs, and key industry insiders, Migo delivers data up to 100 times cheaper than existing networks, and that cost advantage is growing.Migo launched in Indonesia in 2020. Migo’s initial product is sachet passes providing customers access to entertainment and education at convenient neighborhood clouds (aka Migo Download Stations/MDS). Migo today has over 300 MDS locations across Jakarta and is rapidly scaling. In September 2021, MNC Vision Networks (MVN), a subsidiary of leading media conglomerate MNC Group, invested $40 million for a minority stake in Migo Indonesia, accelerating Migo Indonesia’s rollout to reach 100 million Indonesians across Java by end of 2022. Prior to the investment, Migo Indonesia became the core distributor of Vision+ (MVN’s OTT) content, by launching Vision+ on Migo to deliver a tailored experience to offline consumers. In addition to its cornerstone partnership with Vision+, Migo Indonesia also carries entertainment content from a range of top local and international producers, and education content from the best Indonesian EdTech players, as well from the Ministry of Education, Culture, Research and Technology. | Series B / Sep 07, 2020 | ||
| TONIK provides retail financial products, including deposits, loans, current accounts, payments, and cards on a highly secure digital banking platform. | $6M / Venture - Series Unknown / Feb 25, 2020 | ||
| LocoNav is a provider of an online fleet management software used to deliver a single platform to run and manage fleet operations with ease. Its software offers GPS and intelligent analytics that track vehicle's speed, direction, and smart alerts that enable vehicle owners, businesses, and transporters to improve security, operations andreduce costs.The company was founded in 2015 and is headquartered in San Francisco, California. | $4M / Series B / May 23, 2019 | ||
| Market Kurly is an online premium grocery service that compares quality and price when looking for good ingredients for foreign goodies.Market Kurly is a food delivery and logistics platform that enables users to order food via the website and receive it the following morning. The company delivers fresh high-end desserts, bread, milk, bottledwater, condiments such as flour & salt, processed foods, and more.The company was founded in 2015 and based in Seoul, South Korea. | $87.9M / Series D / Apr 05, 2019 | ||
| See all 15 investments → | |||
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FAQ
What does Canaan Valley Capital invest in?
Canaan Valley Capital invests primarily in E-Commerce, Internet and SaaS startups, most often at Seed and Series B stage. Most of the 15 investments tracked by Shizune back companies in Indonesia. The Investment Focus section breaks down every industry, stage and country in the portfolio.
What is Canaan Valley Capital's check size?
Canaan Valley Capital typically joins rounds of $500k–$2.5M at Seed. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Canaan Valley Capital participates in.
How do I contact Canaan Valley Capital?
For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.
Who are the partners at Canaan Valley Capital?
The team at Canaan Valley Capital includes Matthew Crakes (Managing Partner). The Team section lists each member with their title, investment count and links.
Is Shizune's investor data accurate?
Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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