Evonik Corporate Venturing Invests in Pangaea Ventures Fund III
Evonik Industries‘ Evonik Corporate Venturing has made an investment in the North American Pangaea Ventures Fund III.
Established in 2001 AND based in Vancouver, Canada, Pangaea Ventures invests in early stage cleantech technology companies with a focus on advanced materials and specialty chemicals including energy generation and storage, resource efficiency, and nanotechnology.
Evonik Corporate Venturing plans to invest up to € 100m in promising start-up companies with innovative technologies and specialized venture capital funds.
23/05/2012: Pangaea Ventures Holds First Close of Fund III at $50M