Pangaea Ventures

Congratulations to Craig Kasberg, Zach Wilkinson, and the incredible team at Tidal Vision on securing $140M in Series B funding! From a fishing boat captain's vision to revolutionize seafood waste, this team has built a remarkable green chemistry company that's rapidly scaling across multiple industries. This new capital will accelerate Tidal Vision's growth in water treatment, agriculture, and materials science - bringing their sustainable chitosan solutions to even more customers globally. With 287 employees, facilities across the US, and their innovative zero-waste process, they're proving that breakthrough hard tech can deliver both environmental and commercial success. We're proud to be supporting this exceptional team as they continue to pioneer sustainable alternatives to conventional industrial chemicals. #Sustainability #HardTech #Innovation #VentureCapital

From revolutionary photonics to game-changing thermal management breakthroughs, discover how the semiconductor industry is evolving to meet AI's insatiable demands in part 2 of our series on #semiconductor innovation. Key highlights from our deep dive: - Next-gen manufacturing techniques for higher performance and yields - 3D packaging to deliver 50% better bandwidth with 50% less power - Groundbreaking thermal solutions using carbon nanotubes - The photonics revolution: Beyond traditional computing As AI continues to drive demand for more powerful computing solutions, technological advances will play a crucial role in enabling the next generation of applications. Companies that can deliver mulit-pronged solutions while maintaining manufacturability and cost-effectiveness will be particularly well-positioned. For investors, founders, and industry observers, understanding innovation trends and their implications will be crucial for navigating the evolving semiconductor landscape. [Read full post here: https://lnkd.in/g2WD5btR]

As AI transforms our world, we're racing against physics itself. Modern GPUs draw over 1,000 watts – creating unprecedented challenges in power, thermal management, and manufacturing. What's at stake? By 2029, the GPU market is projected to surge from $44B to $274B. But this growth faces serious hurdles: state-of-the-art lithography tools cost $350M each, thermal limits threaten to cap AI advancement, and data centers are already consuming 1% of global electricity. Read our latest post, Hard Tech Enablers: The AI Computing Power Crisis Driving Semiconductor Innovation, part 1 of our two part series. 🔗 https://lnkd.in/gEt_4BhK #hardtech #hardtechvc #semiconductors

When we first invested in Aspect Biosystems, we saw a team with an audacious vision: to pioneer a new category of regenerative medicine through bioprinted tissue therapeutics. Today's announcement of their US$115M Series B financing validates that vision and highlights the transformative potential of their approach. Aspect's unique platform combines AI-powered bioprinting technology with advanced biomaterials to develop disease-modifying treatments. We're proud to be part of Aspect's journey as they work to deliver breakthrough therapies that could fundamentally change how we treat serious diseases. Congratulations to the entire Aspect team on this significant milestone. 🔗 Read more: https://lnkd.in/gpjcgtdY #Biotech #Innovation #RegenerativeMedicine #VentureCapital

As we conclude 2024, we reflect on a transformative year in hard tech innovation. We've witnessed the development of innovative solutions in energy storage, carbon capture, and semiconductor technologies – each telling a story of human ingenuity in the face of global challenges. The rapid rise of generative AI has brought energy consumption to the forefront of technological discourse. Our own story this year has been an exciting one of growth. From launching our fifth and largest Fund to establishing our presence in Tokyo, we've expanded our ability to support visionary entrepreneurs. As we approach 2025, marking Pangaea's 25th anniversary, the hard tech sector shows remarkable resilience. Despite market fluctuations, we're seeing unprecedented levels of entrepreneurial activity, with our own deal flow screening reaching five-year highs. Read our full reflection on 2024 and our vision for the future: 🔗 https://lnkd.in/gekBxmr8 #HardTech #Innovation #Sustainability #VentureCapital

We are thrilled to announce that Dr. Larry Meixner will join Pangaea Ventures as a Senior Advisor based in Tokyo, Japan, effective January 1, 2025. Larry brings exceptional expertise in hard tech innovation and global leadership, most recently serving as Chief Technology Officer and SVP at Mitsubishi Chemical Group. There, he led all internal R&D and global open innovation initiatives for the $40B multinational, focusing on advanced materials, chemicals, sustainability, and digital transformation. Larry’s 30+ years of experience pioneering advanced materials innovation traces a path from his Ph.D. at Stanford University and individual research contributions in industry to developing global innovation strategy as a top executive. Larry founded a successful corporate venture capital (CVC) organization that has invested in startups across the US, EU, and Asia. His deep expertise bridging Western and Japanese innovation ecosystems was recognized in 2023 by his selection from over 100 leaders across all Japanese industries to receive one of three Nikkei Crosstech “CTO of the Year” awards. Larry's unique insights and cross-cultural expertise will be instrumental in identifying and supporting the next generation of hard tech innovators making meaningful impact on planetary health.

Pangaea Ventures partner Andrew Haughian recently appeared on VC10X. Hear what he had to say about egos in hard tech.

Appreciate seeing Pangaea Ventures' fifth fund ($115M) included in this diverse roundup of Vancouver's 2024 funding announcements. Great to see BC's climate tech, #hardtech, and impact investing ecosystem continuing to gain momentum too!

The future of carbon removal isn't just about climate impact - it's about smart business. Through the lens of portfolio company CarbonCure, we explore how innovative business models are transforming carbon capture from a cost center into a revenue generator. This is the future of climate tech - solutions that make business sense today while building a more sustainable tomorrow. Read more about the Carbon Removal Flywheel and what it means for the future of sustainable innovation: https://lnkd.in/gGYwvVVu #HardTech #Sustainability #Innovation #ClimateAction #VentureCapital

Our GP Andrew Haughian breaks down what real PMF looks like for #HardTech founders on Prashant Choubey podcast VC10X. With 20 + years investing in hard tech, we've seen this pattern repeatedly - the transition from linear to exponential returns often signals true product-market fit. Listen to Andrew's full conversation on the VC10X podcast ⬇️ [https://lnkd.in/gBPVrJzn] #HardTech #VentureCapital #AdvancedMaterials