Pangaea Ventures closes fifth fund at $115M

Pangaea Ventures, a Vancouver-founded venture capital firm specializing in hard tech investments, today announced the close of its Pangaea Ventures Impact Fund. The fund — Pangaea’s fifth — has secured CAD $115 million in commitments, representing its largest fund to date.

Pangaea Ventures launched in 2000 in Vancouver, with a goal of supporting startups that have the potential to reshape industries and mitigate humanity’s impact on the environment. The firm — which operates globally from its bases in Vancouver, Phoenix, and new office in Tokyo — aims to generate meaningful returns for investors while making a difference in critical areas of sustainability.