Pangea Ventures Raises Cleantech Capital

Pangaea Ventures, with offices in Vancouver, BC, Hillsborough, NJ, and Moscow, Russia, has achieved a first close of Pangaea Ventures Fund III, LP, having attracted the initial $50 million into the target $100 million fund.   Pangaea Ventures invests in early stage cleantech companies with compelling advanced material technologies. Pangaea’s central investment thesis is that breakthroughs in advanced materials are critical for the continued growth of cleantech, and will be the primary drivers of value for venture-backed exits in the space.