Canaan Partners, a venture capital firm focused on technology and healthcare companies, appointed Richard Boyle as Partner.
Boyle brings to Canaan more than 25 years experience in Silicon Valley emerging companies, from inception and initial product launch to scaling the business, through the IPO process and M&A.
Most recently, Boyle was the CEO and Chairman of LoopNet (Nasdaq: LOOP), an online marketplace for commercial real estate, before its acquisition by CoStar Group (Nasdaq: CSGP) for approximately $900 Million in 2012. Prior to that, he was Senior Vice President of Products and Technology at Risk Management Solutions (RMS), a provider of catastrophic risk modeling platform. RMS was acquired in 1997 by DMGInfo.
In his work as an investor prior to joining Canaan, Boyle has been an active angel investor, advisor and Board member and was previously an Operating Partner at Khosla Ventures. He has invested in and/or worked with companies such as MetaMind (acquired by Salesforce), Blue River Technology, RoofStock, VTS, Cylance, Kaggle, Cape Analytics, Beepi, YourMechanic, FundBox, Pillow, Super, Pixlee, Hipmunk and SterlingBackcheck (acquired by Goldman Sachs).