Corporates push Pangaea fund to $70m close

May 2, 2019 • Jack Hammond

Mitsubishi Chemical, Shin-Etsu, Sekisui, Tosoh, Henkel, JSR, PTT GLobal, Adidas, CorrsTek, Severstal and Doosan all contributed to Pangaea Ventures' latest fund.

Canada-based venture capital firm Pangaea Ventures reached a C$95m ($70m) final close for its fourth advanced-materials fund on Tuesday, having sourced limited partner commitments from several corporates.

Chemicals producers Mitsubishi Chemical Holdings, Shin-Etsu, Sekisui and Tosoh are all among the fund’s LPs, as are petrochemical product manufacturers JSR and PPT Global, consumer goods provider Henkel and semiconductor technology supplier Lam Research.

Apparel and footwear producer Adidas, diversified conglomerate Doosan, ceramics product maker CoorsTek and steel, energy and mining group Severstal…

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