Pangaea Ventures raises $70 mln for fourth advanced-materials fund
Canadian venture capital firm Pangaea Ventures has closed its fourth advanced-materials fund, raising about $70 million in commitments. Pangaea Ventures Fund IV was backed by a range of limited partners, including VanCity and BC Tech Fund, managed by Kensington Capital Partners. Pangaea also increased its strategic investors to twenty-five. Fund IV backers include existing investors CoorsTek, JSR and Mitsubishi Chemical Holdings and new investors Adidas, Doosan, Henkel, Lam Research, PTT Global, Sekisui, Severstal, Shin-Etsu and TOSOH.
30 April 2019•2 mins read
