{"id":409532,"date":"2021-01-06T09:03:23","date_gmt":"2021-01-06T14:03:23","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=409532"},"modified":"2021-01-06T09:03:23","modified_gmt":"2021-01-06T14:03:23","slug":"pax8-raises-96-million-appoints-two-new-board-members","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/pax8-raises-96-million-appoints-two-new-board-members\/","title":{"rendered":"Pax8 Raises $96 Million, Appoints Two New Board Members"},"content":{"rendered":"<h2>\nNew growth funding led by Catalyst Investors and Sageview Capital with additional equity from Blue Cloud Ventures and Liberty Global Ventures<br \/>\n<\/h2>\n<div class=\"mw_release\">\n<p align=\"justify\">DENVER, Jan.  06, 2021  (GLOBE NEWSWIRE) &#8212; <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=OdOuxQgE0cd2PxnDBRIDdx8kZHWY02N_i3TOjH9dzeDfs06g8Yqa2aYLAXjBeApV\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Pax8<\/a>, the best place for IT professionals to buy cloud products, today announced it has raised $96 million in new equity capital; the funding was co-led by <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=iDSh18pCrW2jDqdL3P7o30VummvyftG8VCDolRNZb7x_FtxWiPPnZHjE_9PopGnYa7wQknIX-vSwVnFrYOf0Sw==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Catalyst Investors<\/a> and <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Z2JGYZzsrq6z5dfwhY7a3YU6P9lRtFWmY_xCXHaz3nLgB-HIYMH7t9cM_WIZ0pDofIeDU0x3rLY-oO0xZXpvDw==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Sageview<\/a><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=oKPs-v9HU57mzf-jQMnpha8iw1tkQr6aMG-L6Sd8VIZGkUW-mYkYaxOM4yZZ4z1Z81Vixj2GbCCe4YE-aJ9ieA==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"> Capital<\/a> with additional contribution from previous investors Blue Cloud Ventures and Liberty Global Ventures. The company also named Todd Clapp, Partner at Catalyst Investors, and Scott Stuart, Co-Founder and Managing Partner at Sageview, to the Pax8 Board of Directors.<\/p>\n<p align=\"justify\">\u201cThis new investment provides Pax8 with the capital to expand globally into new geographies and accelerate the ongoing development of our industry-leading cloud marketplace technology platform,\u201d said John Street, Chief Executive Officer at Pax8. \u201cWe have a unique approach that tightly couples our technology platform with an unparalleled customer experience that simplifies cloud adoption. As we enter into the new year, we are excited about the partnership with Catalyst and Sageview and the new opportunities this investment provides.\u201d<\/p>\n<p align=\"justify\">\u201cJohn and his team have built Pax8 into a true innovator and leading provider of cloud services to the channel,\u201d said Clapp. \u201cAs SMBs have only moved a fraction of workloads to the cloud, Pax8 is poised to experience tremendous growth and Catalyst is thrilled to be partnering with the team to help unlock this value.\u201d<\/p>\n<p align=\"justify\">\u201cPax8\u2019s impressive growth profile, significant addressable market, and emerging leadership position in North America and now Europe are hallmarks of a Sageview investment,\u201d said Stuart. \u201cWe look forward to partnering with the Pax8 team and our co-investors to capitalize on the opportunity.\u201d\u00a0<\/p>\n<p align=\"justify\">To learn more about Pax8, please visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=wHVk6WiOabIxY7m-3HWJlFV_xrVqZ6gttp_HxrsvikfkRx9uUQ9ydAZ8f8dgnmV_wIldgZBNwmfdX-WxIwDIkg==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.pax8.com<\/a>.<\/p>\n<p align=\"justify\">\n        <strong>About Pax8<\/strong><br \/>\n        <br \/>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=IdMLXduDfH7eR75E70ixTqKkrrPydB1SytyIcfei2R9HXhx7xwtQ22eEfzcJY6V2\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">Pax8<\/a>\u00a0is modernizing how partners buy, sell, and manage cloud. As a born-in-the-cloud company, Pax8 simplifies the buying journey with cloud automation, empowering the modern partner to achieve more. The company\u2019s technology displaces legacy distribution by connecting the channel ecosystem to its award-winning transactional cloud marketplace. Through billing, provisioning, automation, industry-leading PSA integrations, pre and post-sales support, and education, Pax8 is a proven disruptor in the market. Pax8 has ranked in the Inc. 5000 for three consecutive years \u2014 #68 in 2018, #60 in 2019, and #111 in 2020 \u2014 as one of the fastest-growing private companies in the US. If you want to be successful with cloud, you want to work with Pax8. Get started today at\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=wHVk6WiOabIxY7m-3HWJlJAtqkJynM8LoUsbtpx1ySE55LHJH5ZEwbUW445Xr0dOj1whhU_xqDQmuodsgkrKZg==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.pax8.com<\/a>.<\/p>\n<p align=\"justify\">\n        <strong>Follow Pax8 on\u00a0<\/strong><br \/>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=rnGgN4pOueJVkH0BHLkVIY0LF-gssqFMAouXHzJhEe9gH6xsQsm9K0c1buvKwgMubOmEITM-db4QqiKvkR6Zqg==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><br \/>\n          <strong>Facebook<\/strong><br \/>\n        <\/a><br \/>\n        <strong>,\u00a0<\/strong><br \/>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=TVepHi-mHvH-gZ-AAlegY0ds_ltv1n02HERwZxgwlEY2kZDSywxIFZcuHkzF5yasdPa4NQwKTn6B6dWCvTpnt-W5s7N4ZhrhUwBoD_H25Jo=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><br \/>\n          <strong>LinkedIn<\/strong><br \/>\n        <\/a><br \/>\n        <strong>, and\u00a0<\/strong><br \/>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=3H5x2qlSv0_B1XK8xkZu3n7mqeJdjstfKcHXfIZxOTXUYaG-7LejruDoFysaj7hv3VsxX0L5U2ZA9X23pXo8ow==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><br \/>\n          <strong>Twitter<\/strong><br \/>\n        <\/a><br \/>\n        <strong>.<\/strong>\n      <\/p>\n<p align=\"justify\">\n        <strong>About Catalyst Investors<\/strong><br \/>\n        <br \/>Catalyst Investors is a growth equity firm based in New York. The firm\u2019s mission is to earn superior returns by helping entrepreneurs build great companies. Catalyst employs a rigorous top-down research focus that seeks to identify investment opportunities in companies and industries that will exhibit strong revenue growth. Over the past 20 years, Catalyst has invested in companies across the SaaS, tech enabled services and internet infrastructure sectors, and has established a successful track record of partnering with entrepreneurs and helping companies scale. Recent investments and exits include Weave, Effectual, ChowNow, EnterpriseDB, Xplornet, Insite Wireless and PresenceLearning. For more information, visit\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=6OjSqi4T4hS81Fhp0tVlQmkYXuO3-IHXVnRLHMc7s1U6jbKFSOZ3noz8pA3Iga7zPhK-dzrPDkYpq6qobiFXmA==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.catalyst.com<\/a>.<\/p>\n<p align=\"justify\">\n        <strong>About Sageview Capital<\/strong><br \/>\n        <br \/>Sageview Capital is a private investment firm focused on providing growth capital and operational support to leading tech-enabled businesses. The firm&#8217;s investments include 360insights, Aceable, Brandwatch, CallRail, Demandbase, Drivewyze, Elastic Path, Ezoic, MetricStream, Pantheon, NAM, Rapid RTC, Theatro, Womply, and XSELL Technologies, among others. Sageview was founded in 2006 and is led by co-founders Ned Gilhuly and Scott Stuart, and senior partner Dean Nelson. Since 2008, the firm has deployed over $1 billion across 26 growth capital investments. The firm has offices in Greenwich, Connecticut, and Palo Alto, California.\u00a0<\/p>\n<p align=\"justify\">\n        <strong>About Blue Cloud Ventures<\/strong><br \/>\n        <br \/>Blue Cloud Ventures is a software-focused growth equity venture capital firm based in New York City. The fund targets investments in leading SaaS, infrastructure and open source software companies such as ApplyBoard, Aras, Clari, Cloudbees, Doctor on Demand, Druva, Iterable, NGINX, Pax8, Weave and Wrike. For more information on BCV and our portfolio companies, visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=E1JruxgHz0mKaBU7DPeJqOSZL3LlxdWl3hzAw2J0SpTOOwnrBTTMFnxtJz_lNQsoY-yQbDSRI13EF86I2xiR1xt3TccdZ5LY9ij74wvJ_lAxIhDfdk8aI-EOLFTk2PfI\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.bluecloudventures.com<\/a>.<\/p>\n<p align=\"justify\">\n        <strong>About Liberty Global Ventures<\/strong><br \/>\n        <br \/>Liberty Global Ventures is Liberty Global\u2019s investment arm, with a diverse portfolio of 40 companies in content, technology, internet and distribution. The group consists of a dedicated team in Denver, Silicon Valley, London and Amsterdam, whose remit is to leverage the company\u2019s scale and expertise to drive superior strategic and investment returns.<\/p>\n<p align=\"justify\">Media contact:<\/p>\n<p align=\"justify\">John Trent<br \/>PR Manager at Pax8 <br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=YeqfoakR3_mVYkoI95M-4VgaBF6nb8QJnRxpqQKqtyUYmxZGsm7KeW92a8E3ZwdGGmo-fuHvBnZj0457VINlWQ==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">jtrent@pax8.com<\/a>\u00a0<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEyMDUxNCMzOTA0MTcwIzIwODE3OTA=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/97fb8cde-c51b-442e-817d-43d604fb685d\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>New growth funding led by Catalyst Investors and Sageview Capital with additional equity from Blue Cloud Ventures and Liberty Global Ventures DENVER, Jan. 06, 2021 (GLOBE NEWSWIRE) &#8212; Pax8, the best place for IT professionals to buy cloud products, today announced it has raised $96 million in new equity capital; the funding was co-led by Catalyst Investors and Sageview Capital with additional contribution from previous investors Blue Cloud Ventures and Liberty Global Ventures. The company also named Todd Clapp, Partner at Catalyst Investors, and Scott Stuart, Co-Founder and Managing Partner at Sageview, to the Pax8 Board of Directors. \u201cThis new investment provides Pax8 with the capital to expand globally into new geographies and accelerate the ongoing development of our industry-leading &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/pax8-raises-96-million-appoints-two-new-board-members\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Pax8 Raises $96 Million, Appoints Two New Board Members&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-409532","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Pax8 Raises $96 Million, Appoints Two New Board Members - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/pax8-raises-96-million-appoints-two-new-board-members\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pax8 Raises $96 Million, Appoints Two New Board Members - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"New growth funding led by Catalyst Investors and Sageview Capital with additional equity from Blue Cloud Ventures and Liberty Global Ventures DENVER, Jan. 06, 2021 (GLOBE NEWSWIRE) &#8212; Pax8, the best place for IT professionals to buy cloud products, today announced it has raised $96 million in new equity capital; the funding was co-led by Catalyst Investors and Sageview Capital with additional contribution from previous investors Blue Cloud Ventures and Liberty Global Ventures. The company also named Todd Clapp, Partner at Catalyst Investors, and Scott Stuart, Co-Founder and Managing Partner at Sageview, to the Pax8 Board of Directors. \u201cThis new investment provides Pax8 with the capital to expand globally into new geographies and accelerate the ongoing development of our industry-leading &hellip; Continue reading &quot;Pax8 Raises $96 Million, Appoints Two New Board Members&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/pax8-raises-96-million-appoints-two-new-board-members\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-06T14:03:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEyMDUxNCMzOTA0MTcwIzIwODE3OTA=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/pax8-raises-96-million-appoints-two-new-board-members\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/pax8-raises-96-million-appoints-two-new-board-members\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Pax8 Raises $96 Million, Appoints Two New Board Members\",\"datePublished\":\"2021-01-06T14:03:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/pax8-raises-96-million-appoints-two-new-board-members\\\/\"},\"wordCount\":736,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/pax8-raises-96-million-appoints-two-new-board-members\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODEyMDUxNCMzOTA0MTcwIzIwODE3OTA=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/pax8-raises-96-million-appoints-two-new-board-members\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/pax8-raises-96-million-appoints-two-new-board-members\\\/\",\"name\":\"Pax8 Raises $96 Million, Appoints Two New Board Members - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/pax8-raises-96-million-appoints-two-new-board-members\/","og_locale":"en_US","og_type":"article","og_title":"Pax8 Raises $96 Million, Appoints Two New Board Members - Market Newsdesk","og_description":"New growth funding led by Catalyst Investors and Sageview Capital with additional equity from Blue Cloud Ventures and Liberty Global Ventures DENVER, Jan. 06, 2021 (GLOBE NEWSWIRE) &#8212; Pax8, the best place for IT professionals to buy cloud products, today announced it has raised $96 million in new equity capital; the funding was co-led by Catalyst Investors and Sageview Capital with additional contribution from previous investors Blue Cloud Ventures and Liberty Global Ventures. The company also named Todd Clapp, Partner at Catalyst Investors, and Scott Stuart, Co-Founder and Managing Partner at Sageview, to the Pax8 Board of Directors. \u201cThis new investment provides Pax8 with the capital to expand globally into new geographies and accelerate the ongoing development of our industry-leading &hellip; Continue reading \"Pax8 Raises $96 Million, Appoints Two New Board Members\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/pax8-raises-96-million-appoints-two-new-board-members\/","og_site_name":"Market Newsdesk","article_published_time":"2021-01-06T14:03:23+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEyMDUxNCMzOTA0MTcwIzIwODE3OTA=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/pax8-raises-96-million-appoints-two-new-board-members\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/pax8-raises-96-million-appoints-two-new-board-members\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Pax8 Raises $96 Million, Appoints Two New Board Members","datePublished":"2021-01-06T14:03:23+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/pax8-raises-96-million-appoints-two-new-board-members\/"},"wordCount":736,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/pax8-raises-96-million-appoints-two-new-board-members\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEyMDUxNCMzOTA0MTcwIzIwODE3OTA=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/pax8-raises-96-million-appoints-two-new-board-members\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/pax8-raises-96-million-appoints-two-new-board-members\/","name":"Pax8 Raises $96 Million, Appoints Two New Board Members - 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