Pangaea Ventures logo

Pangaea Ventures

North America, Arizona, United States, Phoenix

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
circle-line
FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Pangaea Ventures frequently co-invest with?

Pallasite Ventures
North America, Illinois, United States, Chicago
Co-Investments: 3
Kleiner Perkins
North America, California, United States, Menlo Park
Co-Investments: 3
Anterra Capital
Europe, Noord-Holland, The Netherlands, Amsterdam
Co-Investments: 3
S2G Ventures
North America, Illinois, United States, Chicago
Co-Investments: 3
180 Degree Capital
North America, New Jersey, United States, Montclair
Co-Investments: 3
BDC Venture Capital
North America, Alberta, Canada, Calgary
Co-Investments: 4
CC
North America, California, United States, San Francisco
Co-Investments: 3
Open Prairie
North America, Illinois, United States, Effingham
Co-Investments: 8
Rhapsody Venture Partners
North America, Massachusetts, United States, Cambridge
Co-Investments: 4
Cultivian Sandbox Ventures
North America, Illinois, United States, Chicago
Co-Investments: 4

Which angels does Pangaea Ventures often collaborate with?

TW
North America, California, United States, San Francisco
Shared Deals: 2
Henry Soesanto
Asia, Manila, Philippines
Shared Deals: 1

What are some of recent deals done by Pangaea Ventures?

Hinalea Imaging

Emeryville, California, United States

Hinalea Imaging is a technology company that unifies the power of digital imaging to reveal critical details about a product.

Image RecognitionInformation Technology
SeedApr 25, 2025
Amount Raised: $4,700,000
ChEmpower

Beaverton, Oregon, United States

ChEmpower is an advanced materials company that develops chemically reactive, abrasive-free planarization pads.

Advanced MaterialsSemiconductor
Series AApr 24, 2025
Amount Raised: $18,700,000
Aspect Biosystems

Vancouver, British Columbia, Canada

Biotech company developing bioprinted tissue therapeutics to transform how we treat disease.

BiotechnologyLife Science
Series BJan 8, 2025
Amount Raised: $115,000,000
Green Theme Technologies

Rio Rancho, New Mexico, United States

Green Theme Technologies is a developer of environmentally-friendly, dry textile finishing technology.

ChemicalManufacturingTextiles
Series CNov 6, 2024
Amount Raised: $6,000,000
Kanvas Biosciences

Monmouth Junction, New Jersey, United States

Mapping interactions foundational to therapeutic discovery and human health.

BiotechnologyLife Science
Series AJul 1, 2024
Amount Raised: $12,500,000
Biodel AG

Maricopa, Arizona, United States

Ag Tech/Regenerative Agriculture

AgTechFarmingManufacturing
Series ASep 13, 2023
Compact Membrane Systems

Wilmington, Delaware, United States

Compact Membrane Systems specializes in custom fluoropolymer membranes for tough and new chemical separations.

ChemicalChemical EngineeringIndustrialManufacturing
Series AAug 2, 2023
Amount Raised: $16,500,000
Prime Roots

Berkeley, California, United States

Prime Roots makes mycelium based meats products focusing on deli and charcuterie products.

Alternative ProteinFood and BeverageFood ProcessingRestaurants
Series BMay 15, 2023
Amount Raised: $30,000,000
pH7

Burnaby, British Columbia, Canada

pH7 designs and implements sustainable extraction and refining of strategic metals.

Environmental ConsultingRenewable Energy
Series AMar 27, 2023
Amount Raised: $16,000,000
TruTag Technologies

Emeryville, California, United States

TruTag Technologies, Inc. provides product authentication and brand protection solutions.

Advanced MaterialsHealth DiagnosticsPharmaceutical
Series DNov 24, 2021
Amount Raised: $14,692,572