Minority Investment
February 2019
Pax8, a cloud marketplace provider, has received a minority investment from a confidential growth equity investor.
- Pax8 has focused on building an expansive online marketplace that allows IT professionals to buy cloud products
- The capital will be used to expand the company’s geographic reach while also doubling down on cloud automation and orchestration capabilities for its marketplace users
About Pax8
Pax8 is modernizing how partners buy, sell, and manage cloud. As a born-in-the-cloud company, Pax8 simplifies the buying journey with cloud automation, empowering the modern partner to achieve more. The company’s technology displaces legacy distribution by connecting the channel ecosystem to its award-winning transactional cloud marketplace. Through billing, provisioning, automation, industry-leading PSA integrations, pre and post-sales support, and education, Pax8 is a proven disruptor in the market. Pax8 has ranked in the Inc. 5000 for three consecutive years.
Transaction Details
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SectorsCorporate & Business Solutions
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ServiceCapital Raise
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OwnershipInvestor-Backed
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Practices
Managed IT ServicesSponsor CoverageSupply Chain Technology
Managed IT Services
Sponsor Coverage
Supply Chain Technology
“This new investment provides Pax8 with the capital to expand globally into new geographies and accelerate the ongoing development of our industry-leading cloud marketplace technology platform. We have a unique approach that tightly couples our technology platform with an unparalleled customer experience that simplifies cloud adoption. ”