PANGAEA VENTURES US INC.

Thesis

Pangaea Ventures is a venture capital firm founded in 2000 that specializes in "hard tech" investments, focusing on companies that leverage advancements in materials science, chemistry, and biology to address global challenges and promote planetary health. The firm operates globally with offices in Vancouver, British Columbia; Phoenix, Arizona; and Tokyo, Japan. Their investment thesis centers on backing entrepreneurs who develop breakthrough technologies that address planetary health challenges and align with the United Nations Sustainable Development Goals (SDGs). Key sectors of interest include clean energy, biotechnology, manufacturing, nanotechnology, and materials science. The firm emphasizes supporting capital-efficient, lean business models and looks for visionary founders committed to creating impactful solutions while utilizing fewer resources. Pangaea Ventures often leads or co-leads investment syndicates. The firm's fifth fund, the Pangaea Ventures Impact Fund, closed at $85 million (CAD $115 million) in September 2024, making it their largest fund to date. Their fourth fund, Pangaea Ventures Fund IV, L.P., was a $100 million fund. The average round size is $10 million, with approximately 80% allocated to growth-stage companies with commercial products and 20% to pre-revenue companies with breakthrough innovation. They have also made 62 total investments.