DFX Intelligence
Venture Capital Intelligence
Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.
Firms / Pangaea Ventures US Inc.
Pangaea Ventures US Inc.
Pangaea is a world leader in hard tech venture capital. We invest in start-up companies leveraging advancements in materials, chemistry, and biology to address big global challenges and enable a sustainable future.
both early and growth/opportunity families, reported GAV $334M
Importance
41
elevated
Active deployment
55
elevated
Emerging
0
low
Completeness
69
high
Freshness
100
high
Research priority
20
moderate
Identity and regulatory footprint
- Headquarters
- Scottsdale, AZadviserinfo.sec.gov
- Office address
- 6730 N SCOTTSDALE RD, SUITE 235, Scottsdale, AZ, 85253adviserinfo.sec.gov
- Business phone
- 480 579-7373adviserinfo.sec.gov
- SEC adviser type
- exempt reporting adviseradviserinfo.sec.gov
- SEC exemption claimed
- venture capital fund adviseradviserinfo.sec.govItem 2.B(1): advises solely venture capital funds
- Latest Form ADV
- Mar 12, 2026
- Private funds reported
- 7 (7 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $122Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Owners on Schedule A
- Vicap Ltd. (Shareholder), C; Pangaea Ventures Ltd. (Shareholder), E; Monoc Capital Inc. (Shareholder Of Pangaea Ventures Ltd.), C
- business email
- info@pangaeaventures.compangaeaventures.compublished by the subject
- business email
- media@pangaeaventures.compangaeaventures.compublished by the subject
- business phone
- 480 881 4602adviserinfo.sec.govpublished by the subject
- business phone
- 480 579-7373adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
20 observed deals
Stated (the firm’s website)
- Sectors
- ai, biotech, climate, energy, deep tech, hardware
- Stages
- not stated or not yet read
- Geography
- canada, global, japan
- Check size
- not stated; DFX does not estimate checks from round sizes
Observed (from deals on record)
Stage at participation: no observed deals yet
Stage at first entry: no observed deals yet
Sectors
unknown 85%Other Technology 15%
lead rate n/afollow-on rate n/anew logos, 12 months 20
Funds and vehicles
6 reported, 2 no longer reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Pangaea Ventures Impact Fund LP | Fund | 2023 adv first reported | Active deployment | $71.2M Mar 21, 2024 | 21 | $0 | Jul 8, 2022 |
| Pangaea Partners LLC | Fund | 2022 adv first reported | Active deployment | $1.9M Mar 21, 2024 | 10 | unknown | unknown |
| Pangaea Ventures Fund IV (delaware), LP | Fund | 2018 form d first sale | Harvest | $15.0M Mar 21, 2024 | 4 | $0 | May 10, 2018 |
| Pangaea Ventures Fund IV, LP | Fund | 2016 form d first sale | Harvest | $65.9M Mar 21, 2024 | 15 | $41.7M | Apr 6, 2017 |
| Pangaea Ventures Fund III LP | Fund | unknown | Unknown | $180M Mar 21, 2024 | 17 | unknown | unknown |
| Pangaea Ventures Opportunity Fund LP | Opportunity fund | unknown | Fundraising | unknown | unknown | $0 | Nov 5, 2025 |
| Pangaea Redlen LLC | Fund | 2022 adv first reported | Wound down | $392,000 Mar 30, 2023 | 2 | unknown | unknown |
| Pangaea Ventures Fund II LP | Fund | unknown | Wound down | $100,000 Mar 31, 2021 | 13 | unknown | unknown |
GAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.
Investment team
14 current, 2 departed
Helen Sun
AnalystAnalyst
David Weekes
AssociateAssociate
Kandai Yamashita
AssociateAssociate
Kay Enjoji
Board or advisorySenior Advisor
Purnesh Seegopaul
Board or advisoryAdvisor
Yuki Shirato
Board or advisorySenior Advisor
Chris Erickson
Founder or executiveFounder
Hard Tech Report
OtherPortfolio
Andrew Haughian
PartnerPartner
Janelle Goulard
PartnerPartner
Sarah Applebaum
PartnerPartner
Tracy Hedberg
Platform and operationsDirector, Finance & Admin
Andrew Haughian
PrincipalDirector Of Pangaea Ventures Inc. And Shareholder Of Monoc Capital Inc. · since Jan 1, 2020
Christian B Erickson
PrincipalDirector Of Pangaea Ventures Inc. And Shareholder Of Vicap Llc · since Oct 1, 2018
2 departed (kept with end dates)
- Christian Brent Leif Erickson · Director And Shareholder Of Vicap Ltd. · Jan 1, 2001 to Jun 18, 2019 Inference
- Purnesh Seegopaul · Director Of Pangaea Ventures Inc. · Jun 1, 2002 to Mar 31, 2021 Inference
Investments on record
20 edges, 20 companies, 0 partner-attributed
“This investor” is the amount disclosed for this investor alone; it is unknown unless a source said it. The round size is the whole round.
Co-investors
6 relationships from shared deals, counted for the whole firm
Limited partners
0 disclosed
No LP commitment on record. An LP edge needs a public disclosure with a quote: a pension report (see Limited partners for the plans read), a fund announcement naming the LP, or a Form ADV owner. The fund page carries the LP’s reported performance.
Timeline
15 dated events
- Sep 12, 2026Pangaea Ventures US Inc.: INSTITUTIONAL_VC -> MULTI_STAGE_VC (both early and growth/opportunity families, reported GAV $334M)Classification changedClassificationInferenceno URL
- Mar 21, 2024Pangaea Redlen LLC no longer reported on Form ADV by Pangaea Ventures US Inc.Fund no longer reportedFundsInferencePangaea Redlen LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 30, 2023Pangaea Ventures Impact Fund LP first reported on Form ADV by Pangaea Ventures US Inc. (Venture Capital Fund), GAV $56,050,000Fund first reported on Form ADVFundsFactPangaea Ventures Impact Fund LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 9, 2022Pangaea Ventures Fund II LP no longer reported on Form ADV by Pangaea Ventures US Inc.Fund no longer reportedFundsInferencePangaea Ventures Fund II LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 9, 2022Pangaea Redlen LLC first reported on Form ADV by Pangaea Ventures US Inc. (Venture Capital Fund), GAV $392,000Fund first reported on Form ADVFundsFactPangaea Redlen LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 9, 2022Pangaea Partners LLC first reported on Form ADV by Pangaea Ventures US Inc. (Venture Capital Fund), GAV $1,901,740Fund first reported on Form ADVFundsFactPangaea Partners LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2021Purnesh Seegopaul (Director Of Pangaea Ventures Inc.) no longer on Schedule A of Pangaea Ventures US Inc.
- Jan 1, 2020Andrew Haughian joined Schedule A of Pangaea Ventures US Inc. as Director Of Pangaea Ventures Inc.
- Jun 18, 2019Pangaea Ventures Fund IV (delaware), LP first reported on Form ADV by Pangaea Ventures US Inc. (Venture Capital Fund), GAV $12,700,000Fund first reported on Form ADVFundsFactPangaea Ventures Fund IV (delaware), LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Jun 18, 2019Christian Brent Leif Erickson (Director And Shareholder Of Vicap Ltd.) no longer on Schedule A of Pangaea Ventures US Inc.
- Oct 1, 2018Christian B Erickson joined Schedule A of Pangaea Ventures US Inc. as Director And Shareholder Of Vicap Llc
- Apr 5, 2017Pangaea Ventures Fund IV, LP first reported on Form ADV by Pangaea Ventures US Inc. (Venture Capital Fund), GAV $41,720,000Fund first reported on Form ADVFundsFactPangaea Ventures Fund IV, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Nov 18, 2015Pangaea Ventures Fund II LP first reported on Form ADV by Pangaea Ventures US Inc. (Venture Capital Fund), GAV $31,770,000Fund first reported on Form ADVFundsFactPangaea Ventures Fund II LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Nov 18, 2015Pangaea Ventures US Inc. first filed Form ADV (ERA, venture capital fund adviser exemption)First SEC adviser filingOrganizationFactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Nov 18, 2015Pangaea Ventures Fund III LP first reported on Form ADV by Pangaea Ventures US Inc. (Venture Capital Fund), GAV $59,600,030Fund first reported on Form ADVFundsFactPangaea Ventures Fund III LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Classification history
- Sep 12, 2026Multi-stage venture firm (confirmed, 95%, cls-1)both early and growth/opportunity families, reported GAV $334M
- Sep 12, 2026Institutional venture firm (confirmed, 95%, cls-1)venture manager, reported GAV $334M across 5 vehicles
Evidence
51 observations from 3 sources