Pangaea Ventures Closes $32M Fund

Gregory T. Huang8/5/08

Vancouver, BC-based Pangaea Ventures, an investor in early-stage cleantech and advanced-materials companies, announced it has closed a second fund worth $32 million (U.S. dollars). The new investors in the fund are Asahi Glass, Umicore, and Bekaert. The Pangaea fund has made four investments to date, in Cyrium Technologies, Kovio, Switch Materials, and CNano Technology Limited.

Gregory T. Huang is Xconomy's National IT Editor and the Editor of Xconomy Boston. You can e-mail him at gthuang@xconomy.com, call him at 617-252-7323, or follow him on Twitter at @gthuang.