Tech Company Financing Transactions
Paxos Funding Round
On 12/18/2020, Paxos raised $142 million in Series C funding from Declaration Partners, Alua Capital and private investors.
Transaction Overview
Company Name
Announced On
12/18/2020
Transaction Type
Venture Equity
Amount
$142,000,000
Round
Series C
Investors
Declaration Partners (Lead Investor) (Brian Stern)
private investors (Ken Moelis)
Mithril Capital Management (Ajay Royan)
Proceeds Purpose
Paxos will use this capital to accelerate growth, including scaling its operations and platform capacity to meet the demands of its expanding customer base.
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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Where The Data Comes From
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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