Tech Company Financing Transactions
Paxos Funding Round
Paxos, operating out of New York, secured $65 million from Liberty City Ventures and RRE Ventures.
Transaction Overview
Company Name
Announced On
6/1/2018
Transaction Type
Venture Equity
Amount
$65,000,000
Round
Undisclosed
Investors
Proceeds Purpose
Paxos will use the cash injection to expand its operations, which include providing blockchain-based services to financial institutions, as well as operating cryptocurrency exchange and custodian itBit, it said.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
1 State St.
New York, NY 10004
USA
New York, NY 10004
USA
Phone
Website
Email Address
Overview
Paxos is the first Blockchain-powered Trust, building products to simplify settlement and eliminate risk. Eliminating settlement risk starts with the ability to settle assets and payments simultaneously. That's why Paxos combines regulated Trust status with distributed ledger technology to create a modern settlement platform.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Charles Cascarilla
Chief Information Officer
Nick Selby
Chief Operating Officer
Andrew Chang
Co-Founder
Rich Teo
VP - Bus. Development
Walter Hessert
VP - General Counsel
Daniel Burstein
VP - Marketing
Dorothy Chang
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We report on every notable VC transaction. VC investment data records on this site are sourced from publicly available VC deal announcements. The information is sourced from VentureDeal.com, an affiliated venture.
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