Canada · Investor

Pangaea Ventures

Filed with the SEC to raise a fund in Nov 2025, closing $8M. Last cheque observed Oct 2019.

QuietNew fund $7.5M, Nov 2025VC firm

SeedSeries ASeries BHard TechMaterials ScienceChemistry

Cheques on record
0%of best year0cheques in 12 months, 32 on record
Since the last cheque2560days00hrs00min00sec
Median round$16MCheque size, as they say$3.0M – $8.0MRounds led3 of 32Sole investor3 roundsExits2 from the portfolioMostly inUnited States, 78%
Pitch Pangaea Ventures

Pangaea Ventures highlights

  1. 01

    32 rounds on record

  2. 02

    Mostly Series B and Series A: 58% of its rounds

  3. 03

    Sole investor in 3 rounds, median $3.0M

  4. 04

    2 exits from the portfolio

What they do

Pangaea is a world leader in hard tech venture capital.From their own website
Type
VC firm (from a list, unverified)
Cheque size
$3.0M – $8.0M as they say
Stages
SeedSeries ASeries BGrowth
Sectors
Hard TechMaterials ScienceChemistry
Based in
Vancouver, Canada
Cold pitches
Not accepted

The record

Every round we can evidence, newest first32 appearances

  1. 2019

    5 rounds

  2. Oct
    EssSeries C · US · FinSMEs$30MWith 7 others
  3. Oct
    TruTagSeries C · US · TechCrunch$7.5MLed
  4. Aug
    Hazel TechnologiesSeries B · US · FinSMEs$13MLed
  5. Jun
    VestaronSeries B · US · FinSMEs$40MWith 4 others
  6. Mar
    AeponyxSeries A · CA · FinSMEs$5.9MLed
  7. 2016

    1 round

  8. Aug
    VestaronSeries D · US · FinSMEs$18MWith 3 others
  9. 2015

    4 rounds

  10. Oct
    Energy Storage SystemsSeries A · US$3.2MSole investor
  11. May
    CarbonCure TechnologiesSeries C · CA$3.0MWith 1 other
  12. Apr
    Cnano TechnologySeries C · US$15MWith 5 others
  13. Feb
    Masterson IndustriesSeries A · US$550KWith 1 other
  14. 2014

    4 rounds

  15. Oct
    Vestaron CorporationSeries C · US$4.0MWith 5 others
  16. Sept
    NewLeaf SymbioticsSeries B · US$17MWith 3 others
  17. Aug
    Vestaron CorporationSeries C · US$10MWith 4 others
  18. Mar
    Redlen TechnologiesVenture · CA$5.5MWith 1 other
  19. 2013

    4 rounds

  20. Dec
    Calysta EnergySeries A · US · businesswire.com$3.0MSole investor
  21. Aug
    Masterson IndustriesSeries A · US · vcaonline.com$1.5MWith 1 other
  22. Mar
    RSI (Reel Solar Inc)Seed · US · venturebeat.com$4.0MWith 3 others
  23. Jan
    NewLeaf SymbioticsSeries A · US · finance.yahoo.com$7.0MWith 2 others
  24. 2012

    4 rounds

  25. Jul
    KovioVenture · US$7.0MWith 3 others
  26. Jul
    TivraVenture · US$250KSole investor
  27. May
    Vestaron CorporationSeries B · US · pevc.dowjones.com$10MWith 2 others
  28. Apr
    Boulder IonicsSeries A · US · pevc.dowjones.com$4.3MWith 1 other
  29. 2011

    2 rounds

  30. Jun
    KovioVenture · US · finsmes.com$15MWith 6 others
  31. Jan
    Envia SystemsSeries C · US · enviasystems.com$17MWith 4 others
  32. 2010

    2 rounds

  33. Dec
    Semprus BioSciencesSeries B · US · semprusbio.com$18MWith 4 others
  34. Jan
    SWITCH MaterialsSeries B · CA · finsmes.com$7.5MWith 3 others
  35. 2009

    1 round

  36. Jul
    KovioSeries E · US · deals.venturebeat.com$20MWith 10 others
  37. 2008

    2 rounds

  38. Dec
    Semprus BioSciencesSeries A · US · us.ellre.com$8.0MWith 1 other
  39. Jul
    Cyrium TechnologiesSeries B · CA$15MWith 3 others
  40. 2007

    1 round

  41. Jul
    Cnano TechnologySeries A · US · deals.venturebeat.com$6.0MWith 2 others
  42. 2005

    1 round

  43. Dec
    Cyrium TechnologiesSeries B · CA$2.6MWith 2 others
  44. 2003

    1 round

  45. Jul
    NanoxSeries B · CA$3.0MWith 2 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

The team

Named by the firm itself, on a filing, its Form ADV or its company registration8 named

ALAlexander LuMr. Lu is a memberiFiling they signed
AHAndrew HaughianManaging MemberiFiling they signed
CEChristian EricksonManaging MemberiFiling they signed
HPH.R.H. Prince PavlosH.R.H. Prince Pavlos is a memberiFiling they signed
JGJanelle GoulardManaging MemberiFiling they signed
PDPeter DeSorcyMr. DeSorcy is the managing memberiFiling they signed
SASarah ApplebaumManaging MemberiFiling they signed
TCTiffany ChiuMs. Chiu is a memberiFiling they signed

We also hold 12 people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

What the register says

From the firm's own filings with the SEC, which it must file accurately by law

$122Mgross assets of its fundsOct 2026
Exemptreporting adviserventure or small private funds
Legal name
Pangaea Ventures US Inc.
SEC number
CRD 281517

Exits from the portfolio

Companies it backed that were later bought or listed2 in all

KovioBought by Thin Film Electronics ASA$3.7MJan 2014
Semprus BioSciencesBought by Teleflex$30MJun 2012

An exit counts when it came after the firm's first round in the company. From historical deal records.

Who they invest alongside

The investors most often in the same rounds as Pangaea Ventures. A count of rooms they were both in, not a relationship either has claimed.

Recently backed

The latest companies Pangaea Ventures put money into.

On podcasts

1 episode naming Pangaea Ventures in the title.

Quick answers about Pangaea Ventures

What does Pangaea Ventures invest in?

Pangaea Ventures invests most often at Series B and Series A (58% of the rounds on record), in sectors such as Hard Tech, Materials Science and Chemistry.

How active is Pangaea Ventures?

32 investments on record, 0 of them in the last 12 months, and it led 3. The most recent was in Oct 2019.

What has Pangaea Ventures invested in recently?

Its most recent investments on record: Ess (Series C, Oct 2019), TruTag (Series C, Oct 2019) and Hazel Technologies (Series B, Aug 2019).

How big are Pangaea Ventures's cheques?

The median round it joins is $16M. It says it writes cheques of $3.0M to $8.0M.

Does Pangaea Ventures lead rounds?

Sometimes: it led 3 of its 32 investments on record (9%).

Where does Pangaea Ventures invest?

Most of the companies it backs are in the United States (78%) and Canada (22%).

Is Pangaea Ventures investing now?

No investments in the last 12 months; the latest was in Oct 2019.

Who does Pangaea Ventures invest alongside?

Most often Open Prairie (7 rounds together), BDC Capital (4 rounds together) and Cultivian Sandbox (4 rounds together).

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Built from the rounds we watched, its filings and its own website, refreshed every night. How we count · Report a correction · Is this your firm? Claim it