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New Deal


Announced

Completed

SoftBank Vision Fund 2 led a $185m funding round in Pax8.

Financials

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Transaction Value£141m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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IT Services: Other

Minority

Private

Cross Border

United States

cloud management

cloud technology

Completed

Acquisition

Private Equity

Friendly

Venture Capital

Synopsis

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SoftBank Vision Fund 2, an investment fund, led a $185m funding round in Pax8, a cloud distribution company, with participation from Catalyst Investors, Sageview Capital, Blue Cloud Ventures and Liberty Global Ventures. "As we continue to evolve our technology and marketplace to meet the needs of SMBs, the new investment will provide capital to accelerate innovation and continued expansion into new global markets. This strong funding round reflects the powerful work Pax8 is doing to enable and grow SMBs through our partners, employees, technology, education, and support. Year over year, we continue to experience record-breaking growth, and we look forward to working with SoftBank to continue elevating our performance," John Street, Pax8 CEO.

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