# Pax8

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/pax8

- Industry: Internet
- Headquarters: Greenwood Village, US
- Website: www.pax8.com
- Total disclosed funding: $283M
- Latest round: Series G (Mar 30, 2022)
- Investors on record: 7

## About

Pax8, Inc. operates as a cloud marketplace, facilitating the distribution of cloud-based products and services specifically aimed at small to midsized businesses (SMBs).Founded in 2012 and headquartered in Greenwood Village, US, Pax8, Inc. is a cloud services distributor focused on enhancing operational efficiency for its partners. The company has not undergone any significant pivots or business strategy changes since its inception. John Street is the founder, who has previously been involved in founding other companies. Pax8 has successfully raised a total of USD 185.28 mn across multiple funding rounds, with the latest being a Venture Debt round of USD 50.00 mn from HSBC Bank on September 5, 2023.Pax8 operates a cloud marketplace that facilitates the distribution of cloud-based products and services primarily targeting small to midsized businesses (SMBs). The company's core offerings include a comprehensive marketplace that integrates various cloud solutions, enabling partners to easily access and sell these products. Pax8 connects its partners with industry-leading security solutions, professional services, and educational resources, serving a diverse client base that includes managed service providers (MSPs), resellers, and IT consultants across North America, Europe, and the Asia-Pacific region.Pax8 generates revenue through a subscription-based model, where partners purchase cloud services and solutions to resell to their end customers. Transactions occur through direct sales to these partners, which provide value-added services to their clientele. The business operates on tiered pricing plans that cater to various service levels, allowing partners to select offerings that best fit their needs. The core products, including the Pax8 Marketplace, security solutions, and professional services, drive this revenue model, supported by strong partner relationships ensuring ongoing engagement and transaction flows.Pax8 plans to utilize the recent USD 50 mn in funding to enhance its product offerings, aiding in the development of new cloud solutions aimed at small to midsized businesses. The company also intends to expand its services into new geographic regions, specifically targeting additional markets in Europe and the Asia-Pacific by late 2024. This strategic expansion aligns with their goal to meet the increasing demands of cloud technology and provide comprehensive solutions to a broader client base.

## Funding rounds

- Series G, Mar 30, 2022, $185M — Catalyst, Sageview Capital, Liberty Global Ventures, Blue Cloud Ventures, SB Investment Advisers, Kamet Capital Partners
- Series F, Dec 23, 2020, $96M — Catalyst, Sageview Capital, Liberty Global Ventures, Blue Cloud Ventures
- Series B, Mar 1, 2013, $1.5M — FirstMile Ventures

## Investors

- FirstMile Ventures (https://capitalatlas.ai/funds/firstmile-ventures) — Series B
- Catalyst (https://capitalatlas.ai/funds/catalyst) — Series F, Series G
- Sageview Capital (https://capitalatlas.ai/funds/sageview-capital) — Series F, Series G
- Liberty Global Ventures (https://capitalatlas.ai/funds/liberty-global-ventures) — Series F, Series G
- Blue Cloud Ventures (https://capitalatlas.ai/funds/blue-cloud-ventures) — Series F, Series G
- SB Investment Advisers (https://capitalatlas.ai/funds/sb-investment-advisers) — Series G
- Kamet Capital Partners (https://capitalatlas.ai/funds/kamet-capital-partners) — Series G