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Founded Year

2018

Stage

Series B | Alive

Total Raised

$68M

Last Raised

$68M | 4 days ago

About Pangaea

Pangaea aims to help digital consumer brands including Lumin and Meridian.

Pangaea Headquarter Location

3600 Wilshire Blvd

Los Angeles, California, 90005,

United States

Latest Pangaea News

Empire Energy snaps up Betaloo’s Pangaea, readies raising

Apr 13, 2021

Share ASX-listed gas play Empire Energy will double down on its efforts in Northern Territory’s Betaloo Basin after winning an auction to buy Paul Fudge’s Pangaea. Street Talk can reveal Empire Energy will pay about $70 million for Fudge’s 82.5 per cent stake in Pangaea, in a cash and scrip deal to be announced on Wednesday. The offer will be funded with a $30 million equity raising arranged by Morgans and Blue Ocean. Empire Energy was advised by David Wood’s amicaa, while Morgan Stanley ran the auction for Pangaea. Empire Energy shares went into a trading halt ahead of the raising. The deal is expected to see Pangaea’s Fudge, a well known Australian oil and gas sector executive, emerge with about a 30 per cent stake in Empire Energy and a board seat. more to come

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