
Pangaea Ventures
Description
Pangaea Ventures is a prominent venture capital firm singularly focused on investing in hard technology companies that are developing solutions to address critical global challenges. The firm targets innovations in advanced materials, cleantech, and deep tech across vital sectors such as energy, water, food, health, and advanced manufacturing. Pangaea's investment philosophy is rooted in identifying and supporting scientific breakthroughs and engineering excellence that can translate into impactful, scalable products and services, aiming for both significant financial returns and positive environmental and societal outcomes.
The firm primarily engages with early-stage companies, typically participating in Seed, Series A, and Series B funding rounds. Pangaea Ventures is recognized for its hands-on approach, offering more than just capital by providing strategic guidance, access to its extensive industry network, and operational support to its portfolio companies. Their initial investment checks generally range from $1 million to $5 million, with a clear strategy for follow-on investments as their portfolio companies achieve key milestones and scale. This strategic capital, combined with their deep domain expertise, is crucial for accelerating the commercialization of complex, capital-intensive technologies. Pangaea frequently co-invests with corporate venture arms and other institutional investors, leveraging a broader pool of capital and expertise.
Pangaea Ventures has established a robust track record through multiple successful fundraises. For instance, their fifth fund, Pangaea Ventures Fund V, successfully closed at $75 million in 2021, underscoring strong investor confidence in their specialized investment thesis and their ability to identify promising hard tech ventures. The firm has made over 30 investments in companies that are pioneering advancements in areas like next-generation batteries, sustainable chemicals, and advanced filtration systems. Their commitment to impact investing ensures that beyond financial performance, they also measure and prioritize the tangible positive environmental and social contributions of their portfolio companies.
Investor Profile
Pangaea Ventures has backed more than 69 startups, with 4 new investments in the last 12 months alone. The firm has led 25 rounds, about 36% of its total and boasts 5 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Series A, Series B, Series C rounds (top funding stages).
- Majority of deals are located in United States, Canada, The Netherlands.
- Strong thematic focus on Manufacturing, Biotechnology, Electronics.
- Led 2 rounds in the past year.
- Typical check size: $1M – $5M.
Stage Focus
- Series A (26%)
- Series B (23%)
- Series C (20%)
- Series Unknown (14%)
- Seed (7%)
- Series D (4%)
- Series E (1%)
- Corporate Round (1%)
- Convertible Note (1%)
Country Focus
- United States (71%)
- Canada (26%)
- The Netherlands (3%)
Industry Focus
- Manufacturing
- Biotechnology
- Electronics
- Energy
- Agriculture
- Semiconductor
- Health Care
- Agtech
- Food And Beverage
- Sustainability
Frequently Asked Questions
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