Paxos

About

Paxos is a regulated financial institution building infrastructure to enable movement between physical and digital assets.

New York,New York,United States
101 - 250
https://www.paxos.com

Highlights

Details

Last Funding Type: Private Equity（PE）
Last Funding Money Raised: $4.99M
Industries: Blockchain,Cryptocurrency,Financial Services,FinTech
Founded date: Jan 1, 2012
Number Of Employee: 101 - 250
Operating Status: Active
Legal Name: Paxos Technology Solutions LLC
Also Known As: itBit,Kabompo Holdings

Paxos is a regulated financial institution building infrastructure to enable movement between physical and digital assets.

The company takes a two-pronged approach of establishing regulatory designations that give it access to the current financial infrastructure and the ability to develop innovative products. This allows Paxos to operate as a gateway between traditional finance and the digital future.

Paxos was founded in 2012 and headquartered in New York, United States.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

7

$543.47M

Paxos has raised a total of $543.47M in funding over 2 rounds. Their latest funding was raised on Dec 6, 2022 from a Private Equity（PE） round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Dec 6, 2022	Private Equity（PE）	$4.99M	1	Alameda Research	—	Detail
Jan 20, 2022	Corporate Round	—	1	MercadoLibre	—	Detail
Apr 29, 2021	Series D	$300M	9	Oak HC/FT	—	Detail
Dec 16, 2020	Series C	$142M	10	Declaration Partners	—	Detail
May 31, 2018	Series B	$65M	3	—	—	Detail

Investments

Number of Investments

Number of Lead Investments

4

0

Paxos has made 4 investments. Their most recent investment was on May 23, 2022, when Doppel raised $5M.

Date Company Name	Round	Money Raised	Industry	Lead Investor
May 23, 2022 Doppel	Seed	$5M	Blockchain	—
Apr 5, 2022 Starlight	Seed	$5M	Cryptocurrency	—
Mar 15, 2022 Aptos	Seed	$200M	Blockchain	—
Nov 30, 2020 Espresso Systems	Seed	$3.10M	Blockchain	—

Investors

Number of Lead Investors

Number of Investors

6

24

Paxos is funded by 24 investors. Alameda Research and MercadoLibre are the most recent investors.

Investor Name	Lead Investor	Funding Round
Alameda Research	Yes	Private Equity（PE）
MercadoLibre	Yes	Corporate Round
Oak HC/FT	Yes	Series D
Canaan Partners	Yes	Seed
Declaration Partners	—	Series D
Fantail Ventures	—	Series D
Liberty City Ventures	—	Series D
Mithril Capital Management	—	Series D
O.G. Tech	—	Series D
PayPal Ventures	—	Series D