Pangaea Ventures

Pangaea Ventures Ltd. is a venture capital firm established in 2000 and headquartered in Vancouver, Canada, with additional offices in Phoenix, Arizona, and Hillsborough, New Jersey. The firm specializes in early and growth-stage investments, primarily focusing on advanced materials innovation across sectors such as energy, electronics, health, and sustainability. Pangaea Ventures seeks to invest between CAD0.5 million and CAD10 million, targeting companies based in North America, Europe, and Russia, while acquiring significant minority stakes and often taking board representation in its portfolio companies. The firm is particularly interested in sectors like clean technology, material science, nanotechnology, and chemistry, emphasizing energy generation, storage, and efficiency, as well as environmental materials. Importantly, Pangaea Ventures avoids investments in pharmaceuticals and weapons, aligning its portfolio with values of integrity and sustainability.

Sarah Applebaum

Partner

Chris Erickson

General Partner

Chris Erikson JD

Founding General Partner

Janelle Goulard

Partner

Andrew Haughian

General Partner

Leonid Molchanovsky

General Partner

Tara Nietzold

Associate

Purnesh Seegopaul

General Partner

David Weekes

Associate

Calvin Yee

Partner

59 past transactions

TruTag Technologies

Series D in 2021
TruTag Technologies, Inc. is a leading authentication and technology solution provider serving businesses and governments around the world. TruTag has the most advanced precision-fabricated, cGMP nano-porous silica manufacturing operation in the world for product authentication across a broad range of industries including pharmaceuticals, food, consumer products, and industrial & electronic parts. TruTag’s authentication platform is complemented by its’ advanced hyperspectral imaging technology, which is focused on providing powerful next-generation inline quality assurance solutions and diagnostics. TruTag Technologies has been recognized by the SPIE Prism Awards, the Edison Awards, Fast Company, R&D 100, and was selected a Technology Pioneer by the World Economic Forum as one of the most influential technology companies in the world.

Hazel Technologies

Series C in 2021
Hazel Technologies, Inc. designs and manufactures packaging inserts to reduce the spoilage of fruits and vegetables. It offers packaging inserts called sachets that are placed in boxes of the produce by growers at the time of harvest, extending the shelf-life of produce by slowing aging in produce and preventing fungus or decay. The company also provides agricultural and horticultural consulting services. Hazel Technologies, Inc. was founded in 2015 and is based in Chicago, Illinois with an additional location in Salinas, California.

Sun Genomics, Inc.

Series A in 2020
Sun Genomics, Inc. is a microbiome health company based in San Diego, California, specializing in customized probiotics aimed at addressing dysbiosis. Founded in 2014, the company’s flagship product, Floré, combines a gut microbiome test with personalized probiotic formulations tailored to individual gut profiles, assessed through whole-genome sequencing. The Floré Gut Test includes a microflora collection kit, a comprehensive microflora profile analysis, and wellness consultations. Additionally, Sun Genomics offers Floré Tots, a probiotic solution designed for children up to age 12, which comes in a convenient powder form that can be easily mixed with beverages. The company sells its products online, providing an automatic renewal service to enhance customer convenience.

Aspect Biosystems

Series A in 2020
Aspect Biosystems Ltd. is a biotechnology company based in Vancouver, Canada, specializing in 3D bioprinting and tissue engineering. Founded in 2013, the company develops advanced living tissues through its proprietary microfluidic 3D bioprinting platform. This technology allows for precise control over biomaterial composition and structure during tissue fabrication, facilitating research in areas such as respiratory diseases. Aspect also provides contract testing services using its 3DAirwayALI human tissue model, catering to pharmaceutical companies and academic institutions. In addition to its core offerings, Aspect is advancing internal programs focused on regenerative medicine, particularly for metabolic diseases and musculoskeletal disorders, while collaborating with industry partners to commercialize bioprinted therapeutics.

ESS

Series C in 2019
Since their founding in 2011, ESS has been focused on laying the groundwork for a future powered by clean and reliable energy. With a team that boasts decades of experience in distributed power generation and energy storage technologies, ESS has developed an extremely cost-effective energy management system that combines a safe, abundant and non-toxic iron electrolyte with their patented flow cell design. This combination of high performance with low cost means that ESS’s technology is ideally suited for applications that range in size from retail energy management to utility-scale renewables integration.

TruTag Technologies

Series C in 2019
TruTag Technologies, Inc. is a leading authentication and technology solution provider serving businesses and governments around the world. TruTag has the most advanced precision-fabricated, cGMP nano-porous silica manufacturing operation in the world for product authentication across a broad range of industries including pharmaceuticals, food, consumer products, and industrial & electronic parts. TruTag’s authentication platform is complemented by its’ advanced hyperspectral imaging technology, which is focused on providing powerful next-generation inline quality assurance solutions and diagnostics. TruTag Technologies has been recognized by the SPIE Prism Awards, the Edison Awards, Fast Company, R&D 100, and was selected a Technology Pioneer by the World Economic Forum as one of the most influential technology companies in the world.

Hazel Technologies

Series B in 2019
Hazel Technologies, Inc. designs and manufactures packaging inserts to reduce the spoilage of fruits and vegetables. It offers packaging inserts called sachets that are placed in boxes of the produce by growers at the time of harvest, extending the shelf-life of produce by slowing aging in produce and preventing fungus or decay. The company also provides agricultural and horticultural consulting services. Hazel Technologies, Inc. was founded in 2015 and is based in Chicago, Illinois with an additional location in Salinas, California.

Vestaron

Series B in 2019
Vestaron Corporation is a biotechnology company that specializes in developing, manufacturing, and selling peptide-based biologic crop protection products. Founded in 2005 and headquartered in Durham, North Carolina, with a research and development center in Kalamazoo, Michigan, Vestaron offers a range of bioinsecticides including Spear-T for thrips in vegetables and ornamentals, Spear-Lep for various fruits and vegetables, and Leprotec for field use. The company's products are designed to enhance the safety, efficacy, and sustainability of agricultural practices while being safe for humans, birds, fish, and pollinators. By utilizing peptides derived from spiders, Vestaron aims to provide innovative solutions for agriculture, animal health, and commercial pest control applications.

AEPONYX

Series A in 2019
AEPONYX Inc. is a Montreal-based company that designs and manufactures micro optical switch semiconductor chips, operating as a fabless entity. Founded in 2011, the company focuses on developing innovative technologies that integrate micro-electro-mechanical systems (MEMS) with silicon photonics. AEPONYX's products are aimed at enhancing fiber optic access to cloud services and facilitating optical switching within cloud environments. By leveraging its patented and patent-pending technologies, the company aims to provide compact, cost-effective micro optical switches that support disaggregated switching systems. These advancements enable tunability in both transmission and reception for pluggable transceivers, thereby improving optical circuit switching capabilities and increasing fiber capacity while reducing power consumption. Through its unique platform combining silicon photonics and MEMS, AEPONYX is positioned to support the next generation of optical communications.

Modulim

Series B in 2019
Modulim develops and manufactures non-invasive optical imaging solutions aimed at assessing tissue health. The company's flagship product, Clarifi, is a non-contact device that measures critical hemoglobin biomarkers in tissue, including tissue oxygen saturation and the concentration and distribution of hemoglobin in both the superficial and sub-surface dermis. Utilizing an advanced technique known as spatial frequency domain imaging (SFDI), Modulim's technology is particularly effective in applications related to diabetic foot ulcers, pressure ulcers, reconstructive surgical flaps, and burns. Founded in 2005 and based in Irvine, California, Modulim is recognized for its innovative approach to identifying patients at risk of complications, enabling clinicians to provide timely interventions that can significantly improve patient outcomes.

Tactus Technology

Venture Round in 2018
Tactus Technology, Inc. designs, develops, and manufactures polymer based user interfaces for mobile devices and consumer electronic devices. It offers TrueWrite, a writing and protection film for touchscreen devices. Tactus Technology, Inc. was founded in 2008 and is based in Fremont, California with an additional office in Tokyo, Japan.

CarbonCure

Corporate Round in 2018
CarbonCure Technologies Inc. provides technology to existing concrete plants that allows producers to sequester carbon dioxide into their concrete products. Its technology recycles waste carbon dioxide (CO2) to make concrete products. The company source waste CO2 from industrial emitters, and is added to the concrete during production, where it is chemically converted into a limestone-like mineral. The company was formerly known as Carbon Sense Solutions Inc. and changed its name to CarbonCure Technologies Inc. in January 2011. The company was incorporated in 2007 and is based in Dartmouth, Canada.

ESS

Series B in 2017
Since their founding in 2011, ESS has been focused on laying the groundwork for a future powered by clean and reliable energy. With a team that boasts decades of experience in distributed power generation and energy storage technologies, ESS has developed an extremely cost-effective energy management system that combines a safe, abundant and non-toxic iron electrolyte with their patented flow cell design. This combination of high performance with low cost means that ESS’s technology is ideally suited for applications that range in size from retail energy management to utility-scale renewables integration.

Correlia Biosystems

Venture Round in 2017
Correlia Biosystems, Inc. develops microarray technology that integrates platforms for research and diagnostic applications. It offers protein detection service by analyzing micro-samples of blood. The company's technology provides multiplexing for large protein panels, which includes cytokines and post-translational modifications with unparalleled speed and automation, enables healthcare providers to quantify proteins for proteomic and pharmaceutical applications, and also allows doctors to make immediate and informed treatment decisions. Correlia Biosystems, Inc. was founded in 2013 and is based in Berkeley, California.

Aspect Biosystems

Venture Round in 2017
Aspect Biosystems Ltd. is a biotechnology company based in Vancouver, Canada, specializing in 3D bioprinting and tissue engineering. Founded in 2013, the company develops advanced living tissues through its proprietary microfluidic 3D bioprinting platform. This technology allows for precise control over biomaterial composition and structure during tissue fabrication, facilitating research in areas such as respiratory diseases. Aspect also provides contract testing services using its 3DAirwayALI human tissue model, catering to pharmaceutical companies and academic institutions. In addition to its core offerings, Aspect is advancing internal programs focused on regenerative medicine, particularly for metabolic diseases and musculoskeletal disorders, while collaborating with industry partners to commercialize bioprinted therapeutics.

NewLeaf Symbiotics

Series C in 2017
NewLeaf Symbiotics, Inc. is a research-driven company based in Saint Louis, Missouri, specializing in the development and commercialization of beneficial symbiotic bacteria to enhance plant health and increase crop yields. The company focuses on Pink Pigmented Facultative Methylotrophs (PPFMs), which are natural bacteria beneficial to various agricultural sectors, including row crops, vegetables, fruits, and flowers. NewLeaf conducts extensive laboratory, greenhouse, and field trials to validate and refine its products, which are designed to help farmers combat plant diseases sustainably. Established in 2011 and previously known as TrophoMax, NewLeaf aims to innovate and expand its offerings through ongoing research and the filing of related patents, with the goal of commercializing its products.

Calysta

Series D in 2017
Calysta, Inc. is a biotechnology company focused on developing and manufacturing protein ingredients derived from sustainable sources. Based in Menlo Park, California, with additional locations in Houston, London, Stavanger, and Singapore, Calysta provides nutritional feeds and health products for fish and livestock, as well as chemicals used in various end products such as fibers, plastics, and building materials. The company also produces biofuels through innovative processes utilizing methane as a feedstock. Founded in 2011, Calysta was previously known as Calysta Energy before rebranding in 2014. Its technologies, including biological gas-to-liquids and gas-to-chemicals processes, aim to address global food security and meet the rising demand for sustainable protein in the aquaculture industry. The company has formed a strategic partnership with Bluestar Adisseo Company to enhance its market offerings.

polySpectra

Venture Round in 2017
PolySpectra, Inc. is a company based in Berkeley, California, that specializes in developing advanced functional materials for additive manufacturing. Founded in 2016, PolySpectra focuses on transforming 3D printing from a prototyping tool into a viable production method. The company utilizes light-activated catalysts to create durable, stereolithographic resins suitable for consumer applications. Its modular platform allows for the delivery of materials with a wide range of tailored properties derived from a single chemical system. By providing these innovative materials, PolySpectra aims to assist inventors, designers, and engineers in bringing their concepts to life.

Redlen Technologies

Series B in 2017
Redlen Technologies Inc. specializes in the manufacture of cadmium zinc telluride (CZT) semiconductors, which are essential for radiation detection and imaging equipment used in medical and security applications. Founded in 1999 and headquartered in Saanichton, Canada, the company produces high-resolution CZT detectors that enhance the performance of technologies such as nuclear cardiology, CT scanning, baggage scanning, and bomb detection. Redlen has pioneered a unique production process known as the Traveling Heater Method (THM), which improves the cost-effectiveness and availability of CZT materials, facilitating broader adoption in the medical and security sectors. Additionally, the company provides advanced thin film solar cadmium telluride feedstock solutions, contributing to the thin-film solar photovoltaic market. With a strong focus on innovation and quality, Redlen Technologies is positioned to significantly impact the landscape of radiation-based imaging technologies.

Airborne Technology

Series C in 2017
Airborne International is engaged in engineering, manufacturing, and supplying high-end composites structures for industries such as aerospace, defense, marine, high-end bicycles, and formula-one cars. It offers composites structures maintenance and repair services, including inspection and damage assessment, sealing and painting, and balancing. The company was founded in 1995 and is based in The Hague, the Netherlands.

Vestaron

Series D in 2016
Vestaron Corporation is a biotechnology company that specializes in developing, manufacturing, and selling peptide-based biologic crop protection products. Founded in 2005 and headquartered in Durham, North Carolina, with a research and development center in Kalamazoo, Michigan, Vestaron offers a range of bioinsecticides including Spear-T for thrips in vegetables and ornamentals, Spear-Lep for various fruits and vegetables, and Leprotec for field use. The company's products are designed to enhance the safety, efficacy, and sustainability of agricultural practices while being safe for humans, birds, fish, and pollinators. By utilizing peptides derived from spiders, Vestaron aims to provide innovative solutions for agriculture, animal health, and commercial pest control applications.

CarbonCure

Series C in 2016
CarbonCure Technologies Inc. provides technology to existing concrete plants that allows producers to sequester carbon dioxide into their concrete products. Its technology recycles waste carbon dioxide (CO2) to make concrete products. The company source waste CO2 from industrial emitters, and is added to the concrete during production, where it is chemically converted into a limestone-like mineral. The company was formerly known as Carbon Sense Solutions Inc. and changed its name to CarbonCure Technologies Inc. in January 2011. The company was incorporated in 2007 and is based in Dartmouth, Canada.

Tivra

Seed Round in 2016
Tivra Corporation operates in the electronics market focussing on microelectronics, semiconductor, and LED products. The company was incorporated in 2012 and is based in Pleasant Hill, California.

Airborne Technology

Private Equity Round in 2016
Airborne International is engaged in engineering, manufacturing, and supplying high-end composites structures for industries such as aerospace, defense, marine, high-end bicycles, and formula-one cars. It offers composites structures maintenance and repair services, including inspection and damage assessment, sealing and painting, and balancing. The company was founded in 1995 and is based in The Hague, the Netherlands.

Calysta

Series C in 2016
Calysta, Inc. is a biotechnology company focused on developing and manufacturing protein ingredients derived from sustainable sources. Based in Menlo Park, California, with additional locations in Houston, London, Stavanger, and Singapore, Calysta provides nutritional feeds and health products for fish and livestock, as well as chemicals used in various end products such as fibers, plastics, and building materials. The company also produces biofuels through innovative processes utilizing methane as a feedstock. Founded in 2011, Calysta was previously known as Calysta Energy before rebranding in 2014. Its technologies, including biological gas-to-liquids and gas-to-chemicals processes, aim to address global food security and meet the rising demand for sustainable protein in the aquaculture industry. The company has formed a strategic partnership with Bluestar Adisseo Company to enhance its market offerings.

ESS

Series A in 2015
Since their founding in 2011, ESS has been focused on laying the groundwork for a future powered by clean and reliable energy. With a team that boasts decades of experience in distributed power generation and energy storage technologies, ESS has developed an extremely cost-effective energy management system that combines a safe, abundant and non-toxic iron electrolyte with their patented flow cell design. This combination of high performance with low cost means that ESS’s technology is ideally suited for applications that range in size from retail energy management to utility-scale renewables integration.

ACME Advanced Materials

Seed Round in 2015
ACME Advanced Materials is a strategic technology company that establishes to commercializes a unique new form of Silicon Carbide for electronic components. Its grade devices have improved electronic transport, lower on-resistance, reduced forward voltage, and increased reliability. The company was founded in 2013 is based in Albuquerque, New Mexico.

Switch Materials

Series C in 2015
SWITCH Materials Inc. designs smart window solutions for automotive applications for OEMs and Tier 1 suppliers. It serves lower emissions, electric vehicles, customer impact, and custom solar management applications. The company was founded in 2007 and is based in Burnaby, Canada.

Redlen Technologies

Series A in 2015
Redlen Technologies Inc. specializes in the manufacture of cadmium zinc telluride (CZT) semiconductors, which are essential for radiation detection and imaging equipment used in medical and security applications. Founded in 1999 and headquartered in Saanichton, Canada, the company produces high-resolution CZT detectors that enhance the performance of technologies such as nuclear cardiology, CT scanning, baggage scanning, and bomb detection. Redlen has pioneered a unique production process known as the Traveling Heater Method (THM), which improves the cost-effectiveness and availability of CZT materials, facilitating broader adoption in the medical and security sectors. Additionally, the company provides advanced thin film solar cadmium telluride feedstock solutions, contributing to the thin-film solar photovoltaic market. With a strong focus on innovation and quality, Redlen Technologies is positioned to significantly impact the landscape of radiation-based imaging technologies.

CarbonCure

Series C in 2015
CarbonCure Technologies Inc. provides technology to existing concrete plants that allows producers to sequester carbon dioxide into their concrete products. Its technology recycles waste carbon dioxide (CO2) to make concrete products. The company source waste CO2 from industrial emitters, and is added to the concrete during production, where it is chemically converted into a limestone-like mineral. The company was formerly known as Carbon Sense Solutions Inc. and changed its name to CarbonCure Technologies Inc. in January 2011. The company was incorporated in 2007 and is based in Dartmouth, Canada.

CNano

Series B in 2015
Cnano Technology Limited specializes in the development and manufacturing of carbon nanotubes and related products, including conductive pastes. Founded in 2006 and headquartered in San Francisco, California, the company operates manufacturing facilities in China. Its diverse product offerings cater to various industries, including energy storage, where they are used in lithium-ion batteries and super-capacitors, as well as in automotive applications, such as conductive plastics and electrostatic paintable polymers. Additionally, Cnano's products find applications in structural composites for aerospace and sporting goods, electronics for transparent conductive coatings, and other markets requiring thermal management and flame retardant materials. With a focus on research and innovation, the company leverages proprietary technologies and partnerships, including exclusive licensing agreements with academic institutions, to enhance its production capabilities and product applications.

Masterson Industries

Series A in 2015
Masterson Industries, LLC, established in 2012 and located in Albuquerque, New Mexico, specializes in the development and manufacturing of microgravity-enabled and semiconductor materials, including gallium nitride. The company has built a substantial portfolio of intellectual property and recently expanded its operations into a new production facility. Masterson Industries produces specialty materials that cater to various sectors, including defense, medical devices, electronics, and telecommunications. With a newly appointed sales and marketing team focused on these industries, the company is poised for commercial expansion and is currently preparing for a commercialization demonstration.

Calysta

Series B in 2015
Calysta, Inc. is a biotechnology company focused on developing and manufacturing protein ingredients derived from sustainable sources. Based in Menlo Park, California, with additional locations in Houston, London, Stavanger, and Singapore, Calysta provides nutritional feeds and health products for fish and livestock, as well as chemicals used in various end products such as fibers, plastics, and building materials. The company also produces biofuels through innovative processes utilizing methane as a feedstock. Founded in 2011, Calysta was previously known as Calysta Energy before rebranding in 2014. Its technologies, including biological gas-to-liquids and gas-to-chemicals processes, aim to address global food security and meet the rising demand for sustainable protein in the aquaculture industry. The company has formed a strategic partnership with Bluestar Adisseo Company to enhance its market offerings.

Tivra

Convertible Note in 2015
Tivra Corporation operates in the electronics market focussing on microelectronics, semiconductor, and LED products. The company was incorporated in 2012 and is based in Pleasant Hill, California.

Vestaron

Series C in 2014
Vestaron Corporation is a biotechnology company that specializes in developing, manufacturing, and selling peptide-based biologic crop protection products. Founded in 2005 and headquartered in Durham, North Carolina, with a research and development center in Kalamazoo, Michigan, Vestaron offers a range of bioinsecticides including Spear-T for thrips in vegetables and ornamentals, Spear-Lep for various fruits and vegetables, and Leprotec for field use. The company's products are designed to enhance the safety, efficacy, and sustainability of agricultural practices while being safe for humans, birds, fish, and pollinators. By utilizing peptides derived from spiders, Vestaron aims to provide innovative solutions for agriculture, animal health, and commercial pest control applications.

NewLeaf Symbiotics

Series B in 2014
NewLeaf Symbiotics, Inc. is a research-driven company based in Saint Louis, Missouri, specializing in the development and commercialization of beneficial symbiotic bacteria to enhance plant health and increase crop yields. The company focuses on Pink Pigmented Facultative Methylotrophs (PPFMs), which are natural bacteria beneficial to various agricultural sectors, including row crops, vegetables, fruits, and flowers. NewLeaf conducts extensive laboratory, greenhouse, and field trials to validate and refine its products, which are designed to help farmers combat plant diseases sustainably. Established in 2011 and previously known as TrophoMax, NewLeaf aims to innovate and expand its offerings through ongoing research and the filing of related patents, with the goal of commercializing its products.

Vestaron

Series C in 2014
Vestaron Corporation is a biotechnology company that specializes in developing, manufacturing, and selling peptide-based biologic crop protection products. Founded in 2005 and headquartered in Durham, North Carolina, with a research and development center in Kalamazoo, Michigan, Vestaron offers a range of bioinsecticides including Spear-T for thrips in vegetables and ornamentals, Spear-Lep for various fruits and vegetables, and Leprotec for field use. The company's products are designed to enhance the safety, efficacy, and sustainability of agricultural practices while being safe for humans, birds, fish, and pollinators. By utilizing peptides derived from spiders, Vestaron aims to provide innovative solutions for agriculture, animal health, and commercial pest control applications.

Redlen Technologies

Venture Round in 2014
Redlen Technologies Inc. specializes in the manufacture of cadmium zinc telluride (CZT) semiconductors, which are essential for radiation detection and imaging equipment used in medical and security applications. Founded in 1999 and headquartered in Saanichton, Canada, the company produces high-resolution CZT detectors that enhance the performance of technologies such as nuclear cardiology, CT scanning, baggage scanning, and bomb detection. Redlen has pioneered a unique production process known as the Traveling Heater Method (THM), which improves the cost-effectiveness and availability of CZT materials, facilitating broader adoption in the medical and security sectors. Additionally, the company provides advanced thin film solar cadmium telluride feedstock solutions, contributing to the thin-film solar photovoltaic market. With a strong focus on innovation and quality, Redlen Technologies is positioned to significantly impact the landscape of radiation-based imaging technologies.

Calysta

Series A in 2013
Calysta, Inc. is a biotechnology company focused on developing and manufacturing protein ingredients derived from sustainable sources. Based in Menlo Park, California, with additional locations in Houston, London, Stavanger, and Singapore, Calysta provides nutritional feeds and health products for fish and livestock, as well as chemicals used in various end products such as fibers, plastics, and building materials. The company also produces biofuels through innovative processes utilizing methane as a feedstock. Founded in 2011, Calysta was previously known as Calysta Energy before rebranding in 2014. Its technologies, including biological gas-to-liquids and gas-to-chemicals processes, aim to address global food security and meet the rising demand for sustainable protein in the aquaculture industry. The company has formed a strategic partnership with Bluestar Adisseo Company to enhance its market offerings.

Masterson Industries

Series A in 2013
Masterson Industries, LLC, established in 2012 and located in Albuquerque, New Mexico, specializes in the development and manufacturing of microgravity-enabled and semiconductor materials, including gallium nitride. The company has built a substantial portfolio of intellectual property and recently expanded its operations into a new production facility. Masterson Industries produces specialty materials that cater to various sectors, including defense, medical devices, electronics, and telecommunications. With a newly appointed sales and marketing team focused on these industries, the company is poised for commercial expansion and is currently preparing for a commercialization demonstration.

RSI (Reel Solar Inc)

Seed Round in 2013
RSI provides technology, tools, materials and know-how to the leaders in photovoltaic manufacturing. The company has developed a proprietary process for Rapid Efficient Electroplating on Large-areas (REEL). RSI works with regional manufacturing partners to deliver the lowest cost locally manufactured photovoltaic modules. The company was founded in 2009 by a team of capital equipment veterans based in Silicon Valley, California. Co-investors include CalCEF Angel Fund, CMEA, Mayfield Fund, Nth Power, and Pangaea Ventures.

NewLeaf Symbiotics

Series A in 2013
NewLeaf Symbiotics, Inc. is a research-driven company based in Saint Louis, Missouri, specializing in the development and commercialization of beneficial symbiotic bacteria to enhance plant health and increase crop yields. The company focuses on Pink Pigmented Facultative Methylotrophs (PPFMs), which are natural bacteria beneficial to various agricultural sectors, including row crops, vegetables, fruits, and flowers. NewLeaf conducts extensive laboratory, greenhouse, and field trials to validate and refine its products, which are designed to help farmers combat plant diseases sustainably. Established in 2011 and previously known as TrophoMax, NewLeaf aims to innovate and expand its offerings through ongoing research and the filing of related patents, with the goal of commercializing its products.

Tivra

Seed Round in 2012
Tivra Corporation operates in the electronics market focussing on microelectronics, semiconductor, and LED products. The company was incorporated in 2012 and is based in Pleasant Hill, California.

Kovio

Venture Round in 2012
Kovio Inc. is a privately held company based in Silicon Valley that specializes in the development of semiconductor products utilizing printed silicon electronics and thin film technology. Founded in the MIT Media Laboratory, Kovio focuses on creating innovative manufacturing processes that merge the affordability of graphics printing with the capabilities of silicon-based semiconductors. The company designs and manufactures printed silicon products aimed at the Near Field Communication (NFC) and Electronic Article Surveillance (EAS) markets, including applications such as Radio Frequency Identification (RFID) tags and NFC barcodes.

Vestaron

Series B in 2012
Vestaron Corporation is a biotechnology company that specializes in developing, manufacturing, and selling peptide-based biologic crop protection products. Founded in 2005 and headquartered in Durham, North Carolina, with a research and development center in Kalamazoo, Michigan, Vestaron offers a range of bioinsecticides including Spear-T for thrips in vegetables and ornamentals, Spear-Lep for various fruits and vegetables, and Leprotec for field use. The company's products are designed to enhance the safety, efficacy, and sustainability of agricultural practices while being safe for humans, birds, fish, and pollinators. By utilizing peptides derived from spiders, Vestaron aims to provide innovative solutions for agriculture, animal health, and commercial pest control applications.

Boulder Ionics

Series A in 2012
Boulder Ionics is a start-up focused on producing ionic liquids and ionic liquid-based electrolytes tailored for demanding electrochemical applications. Utilizing a proprietary high-throughput synthesis platform, the company manufactures ultra-high-purity ionic liquids that offer an exceptional price/performance ratio. Its advanced Iolyte™ electrolytes and pure ionic liquids are designed for use in various products, including ultracapacitors, lithium-ion batteries, and next-generation metal-air batteries. Boulder Ionics collaborates with several strategic partners and industry leaders, with plans for the full integration of its Iolyte™ electrolytes into an expanding range of commercial products.

Kovio

Venture Round in 2011
Kovio Inc. is a privately held company based in Silicon Valley that specializes in the development of semiconductor products utilizing printed silicon electronics and thin film technology. Founded in the MIT Media Laboratory, Kovio focuses on creating innovative manufacturing processes that merge the affordability of graphics printing with the capabilities of silicon-based semiconductors. The company designs and manufactures printed silicon products aimed at the Near Field Communication (NFC) and Electronic Article Surveillance (EAS) markets, including applications such as Radio Frequency Identification (RFID) tags and NFC barcodes.

Envia Systems

Series C in 2011
Envia Systems specializes in developing advanced lithium-ion batteries that offer high energy density at a lower cost. By combining innovative high-energy electrodes, the company produces batteries suitable for clean energy applications, including electric vehicles, hybrid electric vehicles, and plug-in hybrid electric vehicles. Their technology aims to enhance the performance of energy storage solutions, facilitating the broader adoption of sustainable energy systems.

Semprus BioSciences

Series B in 2010
Semprus BioSciences is a biomedical company based in Cambridge, Massachusetts, specializing in advanced medical device technology. The company focuses on developing a vascular access catheter featuring a novel single surface modification aimed at reducing both microbial adherence and thrombus accumulation throughout the device's lifespan. Their innovative approach involves implantable and permanently antimicrobial coating technology, which is applicable to a wide range of device sizes, shapes, and materials. Semprus has successfully raised a total of $28.5 million in equity financing, with significant investments from notable firms, including the corporate venture capital arm of GlaxoSmithKline and Foundation Medical Partners.

Switch Materials

Series B in 2010
SWITCH Materials Inc. designs smart window solutions for automotive applications for OEMs and Tier 1 suppliers. It serves lower emissions, electric vehicles, customer impact, and custom solar management applications. The company was founded in 2007 and is based in Burnaby, Canada.

Kovio

Series E in 2009
Kovio Inc. is a privately held company based in Silicon Valley that specializes in the development of semiconductor products utilizing printed silicon electronics and thin film technology. Founded in the MIT Media Laboratory, Kovio focuses on creating innovative manufacturing processes that merge the affordability of graphics printing with the capabilities of silicon-based semiconductors. The company designs and manufactures printed silicon products aimed at the Near Field Communication (NFC) and Electronic Article Surveillance (EAS) markets, including applications such as Radio Frequency Identification (RFID) tags and NFC barcodes.

Semprus BioSciences

Series A in 2008
Semprus BioSciences is a biomedical company based in Cambridge, Massachusetts, specializing in advanced medical device technology. The company focuses on developing a vascular access catheter featuring a novel single surface modification aimed at reducing both microbial adherence and thrombus accumulation throughout the device's lifespan. Their innovative approach involves implantable and permanently antimicrobial coating technology, which is applicable to a wide range of device sizes, shapes, and materials. Semprus has successfully raised a total of $28.5 million in equity financing, with significant investments from notable firms, including the corporate venture capital arm of GlaxoSmithKline and Foundation Medical Partners.

Cyrium Technologies

Series B in 2008
Cyrium Technologies Inc. specializes in the development and manufacturing of concentrator photovoltaic (CPV) cells for terrestrial solar energy applications. Established in 2002 and headquartered in Ottawa, Canada, with an additional office in Tsuen Wan, Hong Kong, the company offers a range of products including quantum dot enhanced cells and application-specific concentrator cells (ASCC). Cyrium Technologies also provides optimization and customization services for cell performance through its ASCC program, catering to the needs of CPV system manufacturers and the broader solar energy market.

Switch Materials

Venture Round in 2007
SWITCH Materials Inc. designs smart window solutions for automotive applications for OEMs and Tier 1 suppliers. It serves lower emissions, electric vehicles, customer impact, and custom solar management applications. The company was founded in 2007 and is based in Burnaby, Canada.

CNano

Series A in 2007
Cnano Technology Limited specializes in the development and manufacturing of carbon nanotubes and related products, including conductive pastes. Founded in 2006 and headquartered in San Francisco, California, the company operates manufacturing facilities in China. Its diverse product offerings cater to various industries, including energy storage, where they are used in lithium-ion batteries and super-capacitors, as well as in automotive applications, such as conductive plastics and electrostatic paintable polymers. Additionally, Cnano's products find applications in structural composites for aerospace and sporting goods, electronics for transparent conductive coatings, and other markets requiring thermal management and flame retardant materials. With a focus on research and innovation, the company leverages proprietary technologies and partnerships, including exclusive licensing agreements with academic institutions, to enhance its production capabilities and product applications.

Cyrium Technologies

Series B in 2005
Cyrium Technologies Inc. specializes in the development and manufacturing of concentrator photovoltaic (CPV) cells for terrestrial solar energy applications. Established in 2002 and headquartered in Ottawa, Canada, with an additional office in Tsuen Wan, Hong Kong, the company offers a range of products including quantum dot enhanced cells and application-specific concentrator cells (ASCC). Cyrium Technologies also provides optimization and customization services for cell performance through its ASCC program, catering to the needs of CPV system manufacturers and the broader solar energy market.

Pionetics

Series C in 2005
Pionetics Corporation specializes in manufacturing innovative water treatment products designed to produce safe and great-tasting drinking water while minimizing wastewater compared to traditional systems. Founded in 1995 and headquartered in San Carlos, California, the company offers a range of products, including water filters, drinking water systems, and water coolers, which cater to household, commercial, and industrial applications. Pionetics also provides installation services and rental options for its water treatment systems. Its products are distributed through authorized dealers both domestically and internationally. The company operates as a subsidiary of Rayne Corporation and is supported by financial backing from Kline Hawkes & Co, NGEN Partners, and Unilever Technology Ventures Fund.

Nanox

Series B in 2003
Nanox, Inc. develops and manufactures nanostructured perovskite-based catalyst formulations for emission control.

InMat

Venture Round in 2003
InMat, Inc. is a company that specializes in the development, manufacturing, and marketing of nanocomposite coating solutions. Founded in 1999 and based in Hillsborough, New Jersey, InMat offers a range of products, including Air D-Fense 2000 and 3000, Nanolok NP, and Nanolok PT, which are aqueous suspensions of nano-dispersed silicates combined with various polymers. These products serve as effective barrier coatings and can be applied to different elastomeric substrates using spray or dip coating methods. InMat's innovative technology platform focuses on creating stable aqueous dispersions that provide environmentally friendly coatings, enhancing product performance across multiple industries, including packaging, automotive, medical, protective apparel, and sports equipment.
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