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Pangea Raises Additional $4M in Private Financing


OAKLAND, Calif.--After raising $15 million in an initial round of Series C financing that was completed in December, privately held bioinformatics company Pangea Systems announced last month that it has raised an additional $4 million. Pangea CEO John Couch said the new investors, Burrill Agbio Capital Fund and Mitsui, bring unique experience in the agbio field and Japanese markets. Burrill invests in companies with broadly applicable technology platforms that have commercial importance in agricultural biotechnology and human health care. Mitsui invests in early-stage information technology and healthcare companies. "Their expertise positions us nicely to grow into new areas," Couch said.

The initial round included MDS Capital, Boston Millennia Partners, Institutional Venture Partners, Mayfield Fund, Kleiner Perkins Caufield and Byers, Levensohn Capital Management, and Moss Forest Ventures.

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