Pfizer exec to join well-resourced venture capital firm

18 April 2024

Californian venture capital firm Canaan has added former Pfizer (NYSE: PFE) senior executive Uwe Schoenbeck to its healthcare investment team.

Joining as a new venture partner, Dr Schoenbeck will also have an additional $100 million to draw from, as the firm announced it had further expanded the size of its biopharma investment funds.

In April 2023, Canaan announced it had raised $850 million for the Canaan XIII fund, intended to support: “visionary entrepreneurs seeking seed and series A funding.”

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