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Cloud Commerce Marketplace Pioneer Pax8 Raises $185M at $1.7B Valuation.


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Pax8, which provides a cloud marketplace to help your business grow, has received an extra $185 million in equity capital from new investor SoftBank Vision Fund 2, bringing its worth to $1.7 billion. The SoftBank Vision Fund led the investment, with participation from Catalyst Investors, Sageview Capital, Blue Cloud Ventures, and Liberty Global Ventures.

Pax8 is a global transactional cloud marketplace with 20,000 managed service partners, a marketplace, education, support, and solutions. Over 200,000 enterprises have been cloud-enabled by the company. It offers an IT channel ecosystem through which the company delivers a unique approach to enterprises and streamlines the IT purchasing process for small and medium-sized organisations (SMBs). Pax8 handles invoicing and provisioning issues while also providing the automation that businesses require to run more efficiently.

Read More: https://www.hostingseekers.com/blog/pax8-a-cloud-marketplace-raises-185-m

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