Pangaea Announces Final Close of Fourth Fund

Tuesday, 30 April 2019

Vancouver, BC, April 30, 2019 – Pangaea Ventures Ltd. today announced it has completed the final close of Pangaea Ventures Fund IV, LP, with commitments of $70M USD.

“We are pleased to have completed the fund raising for Fund IV and to see growth over our third fund,” said Chris Erickson, General Partner of Pangaea Ventures. “We have a good mix of limited partners that include strategic corporate heavyweights and financial institutions: VanCity and the BC Tech Fund, managed by Kensington Capital Partners.”

“The BC Tech Fund was established to invest in emerging technology across multiple sectors, including Clean Tech,” said Dr. Gerri Sinclair, Managing Director of Kensington Capital Partners. “Pangaea’s record for helping advanced materials reach global success made them an attractive fund through which we could support the Clean Tech start-up ecosystem.”

Fund IV brings together a dozen multinational corporations as Strategic Limited Partners. In addition to renewed commitments from Fund III partners CoorsTek, JSR, and Mitsubishi Chemical Holdings, Fund IV has also attracted commitments from Doosan, GC Ventures (the venture arm of PTT Global), Henkel, Lam Research, Sekisui, Severstal, Shin-Etsu, TOSOH, and adidas. This brings Pangaea’s total strategic limited partner count to twenty-five.

Fund IV has made six investments to date, in materials-driven companies addressing diverse market applications. The portfolio includes leading start-ups with commercial products in display materials, medical devices, 5G data electronics, and the 3D printing of living human tissue. It is expected that the fund will make a further 6-8 investments.

About Pangaea Ventures

Pangaea Ventures (www.pangaeaventures.com), is the world leader in advanced materials venture capital, with offices in Vancouver BC Canada, Scottsdale AZ USA and Hillsborough NJ USA. It invests in start-up companies using advanced materials to make our world better. Established in 2000, Pangaea has built an outstanding portfolio addressing multi-billion dollar markets in energy, electronics, health, and sustainability. Pangaea’s unmatched materials network spans multiple industry verticals and includes twenty-five major multinationals as Strategic Limited Partners.

Press Contacts

Chris Erickson (604) 484-0532 This email address is being protected from spambots. You need JavaScript enabled to view it.