Venture Capital, deals, cleantech

Pangaea Ventures Closes $32M Fund

Gregory T. Huang 8/5/08

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 the Editor of Xconomy Seattle. You can e-mail him at gthuang@xconomy.com or call 206-624-2249.