Tech Company Financing Transactions
Paxafe Funding Round
Paxafe, operating out of Indianapolis, secured $9 million from Framework Venture Partners, AngelList and Elevate Ventures.
Transaction Overview
Company Name
Announced On
5/7/2024
Transaction Type
Venture Equity
Amount
$9,000,000
Round
Series A
Investors
Proceeds Purpose
The company intends to use the funds to meet customer demand, accelerate product innovation and expand global operations and key partner ecosystems.
Company Information
Company Status
Private & Independent
Industry
Software
Mailing Address
55 Monument Circle 900A
Indianapolis, IN 46204
USA
Indianapolis, IN 46204
USA
Phone
Website
Email Address
Overview
PAXAFE is the OS for visibility control towers. PAXAFE's B2B SaaS platform -- CONTXT -- is an AI-enabled, device-agnostic risk-management platform that reduces product loss, improves operational efficiency and optimizes decision making for perishable shippers and service providers. PAXAFE contextualizes active and passive visibility data, quantifies risk and predicts OTIF adverse events.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Ilya Preston
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