Tech Company Financing Transactions
Pax Funding Round
On 4/9/2025, Pax raised $4.5 million in Seed funding from Initialized Capital, Basis Set Ventures and Flexport.
Transaction Overview
Company Name
Announced On
4/9/2025
Transaction Type
Venture Equity
Amount
$4,500,000
Round
Seed
Investors
Proceeds Purpose
The company intends to use the funds to to scale its team, enhance its platform and expand operations.
Company Information
Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
2261 Market Street 10065
San Francisco, CA 94114
USA
San Francisco, CA 94114
USA
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
Pax is the leader in AI-powered duty drawback. Founded by former duty drawback experts, researchers and engineers from Charter Brokerage, MIT, Google, Amazon and Flexport, we combine deep industry knowledge with cutting-edge technology to streamline refunds and maximize savings.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Penny Chen
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