SABIC invests in Pangaea-backed Airborne International

Airborne International BV, a Dutch provider of advanced composite solutions, has secured an undisclosed investment from the corporate venturing arm of Saudia Arabia's SABIC. With the deal, SABIC, a chemicals manufacturer, joins the company's existing shareholders, including Pangaea Ventures, a Canadian venture capital firm. Airborne said the funds raised will contribute to its full automation and digitization of composite manufacturing of goods. Vancouver-based Pangaea, which invested in Airborne in 2015, is currently raising its fourth advanced-materials fund.

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