Announced
Completed
Financials
Sources
Tags
IT Services: Other
Minority
Private
Cross Border
United States
cloud management
cloud technology
Completed
Acquisition
Private Equity
Friendly
Venture Capital
Synopsis
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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