Pangea operates an online marketplace linking college-age talent to companies seeking freelance services, with demand concentrated in social media and web development work. The company reported strong GMV growth: a 400% year-over-year increase in Q2 2021 and a 40% rise in the four weeks prior to July, pushing monthly GMV toward a roughly $100,000 run rate from about $50,000 in March 2021. Pangea graduated from Y Combinator earlier in the year and has raised around $3 million in total to date. The startup is based in Providence, Rhode Island, and emphasizes building in a lower-cost market to extend runway. Management intends to use the new capital to scale headcount (from four full-time staff toward nine) and accelerate product development cycles. Leadership says the seed will provide roughly 20–25 product cycles of runway as the company scales GMV and product. Pangea operates a marketplace that matches college students offering digital services (social media, design, etc.) with emerging brands and smaller tech startups. The company is based in Providence, Rhode Island and is active on roughly 600 campuses. Over the past months Pangea has accelerated growth, reporting sequential GMV growth of about 35% in each of the last two months and facilitating $50,000 in transactions in the most recent four-week period (versus roughly $3,000–$4,000 a year earlier). Pangea has expanded its market take rate to around 25% after adjusting how it charges for services, which the company says should help grow net revenue. The team has been somewhat reserved on upcoming product announcements but is explicitly looking for investing partners as it pushes toward Series A scale ahead of YC demo day.

Total raised

$2M

Funding rounds

2

Latest round

Seed

Latest activity

Jul 2021