Pangaea News
Sep. 23

Surging interest in hard tech investment continues to drive impact

Pangaea Ventures, a pioneering venture capital firm dedicated to catalyzing hard tech solutions for a sustainable future, is thrilled to announce the successful final close of the Pangaea Ventures Impact Fund, securing $85 million in capital commitments. Pangaea's largest fund to-date, this milestone fund reflects growing investor interest in hard tech solutions that address planetary health.

"For 24 years, Pangaea Ventures has stayed true to its hard tech ethos, investing in innovations that are shaping the future," says Chris Erickson, General Partner at Pangaea Ventures. "The breakthroughs in advanced materials, chemistry, and biology that we support not only deliver returns but also drive real, meaningful change. We’ve always believed that solving the world’s toughest problems requires unwavering dedication to hard tech, and that’s exactly what we are committed to."

Since its inception in 2000, Pangaea Ventures has remained at the forefront of hardtech innovation, leveraging its expertise to support groundbreaking startups that have the potential to reshape industries and mitigate environmental impact. The final close of this fifth fund furthers Pangaea's ability to generate meaningful returns for investors while making a difference in critical areas of sustainability.

“Pangaea's experience in hard tech has enabled us to see around corners and think strategically about how we approach markets and business building questions. They get the challenges and nuances of what we do - in a world where we are trying to climb high mountains, it’s great to have true partners on the journey.” Erica Nemser, CEO of Ardent Process Technologies

The Pangaea Ventures Impact Fund has already invested in five innovative ventures. These initial investments include pH7 Technologies, Ardent Process Technologies, Versogen, Kanvas Biosciences, and Biodel AG. These companies represent a diverse array of solutions aimed at addressing pressing global challenges, from clean energy to sustainable agriculture and biosciences.

In addition to its successful closing of the fund, Pangaea Ventures continues to expand its global presence with the recent opening of an office in Tokyo, Japan. This strategic move enhances Pangaea's ability to identify and support promising startups in one of the world's most dynamic innovation ecosystems. The new office complements existing operations in Vancouver, BC, and Phoenix, AZ.

Pangaea Ventures is excited to continue its mission of supporting visionary entrepreneurs and groundbreaking technologies that have the power to create a more sustainable and prosperous future for all.

For media inquiries or further information, please contact:

Sarah Applebaum
Partner
media@pangaeaventures.com
778-846-8439

About Pangaea Ventures:

Pangaea Ventures is a leading venture capital firm specializing in hard tech investments with a focus on Planetary Health. With a track record of identifying and nurturing high-impact startups, Pangaea Ventures is committed to advancing innovation for a sustainable future. Established in 2000, Pangaea Ventures operates globally with offices in Vancouver, BC, Phoenix, AZ, and Tokyo, Japan.