Client News/Details

Snell & Wilmer Advises Hardtech Investment Firm Pangaea Ventures As It Leads Series A Funding Round of Biodel AG

September 13, 2023

SAN DIEGO – Snell & Wilmer represented hardtech investment firm Pangaea Ventures as it led the Series A funding round of Biodel AG, a regenerative agriculture company. The funding will support Biodel AG's commitment to accelerating commercialization of novel solutions aimed at enhancing soil health, optimizing water utilization, improving nutrient efficiency, and sequestering carbon emissions from the atmosphere. As part of the financing, Janelle Goulard, a partner at Pangaea Ventures, has joined Biodel AG's board of directors.

"We recognize the immense value of Biodel AG's innovative regenerative agriculture solutions, which promise to rebuild the earth's depleted soil and its biodiversity in order to reverse climate change," said Goulard in a recent press release. “Funding will enable Biodel AG to accelerate its transformative work, further solidifying the company's role in building a sustainable future.”

Daniel McEvers Mahoney and Bardia Moayedi led the Snell & Wilmer team advising Pangaea Ventures in the deal. The diverse team included Sarah Hibbard, Christopher Franich, and Paralegal Scott Drake.

Snell & Wilmer's corporate and securities attorneys have served as counsel to a substantial number of clients ranging from Fortune 100 companies to smaller emerging businesses. Our attorneys have provided sophisticated legal representation to biotech companies, health care and financial institutions, public utilities, homebuilders, transportation companies, restaurant and hospitality providers, athletic complexes, fitness facilities and many other types of businesses. Snell & Wilmer’s venture capital and private equity practice covers multiple aspects of the transactional arena involving public and private companies, including the structuring and execution of majority buyouts and minority investments, acquisitions (including buy- and sell-side deals, as well as negotiated and auction deals), financings (including 144A transactions and PIPEs), going-private transactions, and spin-off transactions. Our venture capital and private equity attorneys advise both domestic and international funds, including venture capital, private equity, hedge, mezzanine, real estate opportunity, fund-of-funds, exchange, and other private investment funds.