United States · Seed startup

Who invested in Pax

3 rounds we have observed, with the 7 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

AICannabisGovtech

Raised 5 months agoValuation: $1.7B, Mar 2026

Funding summaryUpdated 5 Nov 2026

$480Mraised across 3 rounds since 2018, from 5 sources

$20MRound$420MRound$40MSeed
Latest round
Seed, $40MMay 2026
Led by
Benchmark and Greenoaks
Biggest round
$420MRound · Apr 2019
Investors
7 (2 led)
See who backed them

The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2020202220242026
$20MRound$420MRound$40MSeed
First round
Round, $20M
Oct 2018
Biggest round
$420M
Round · Apr 2019
Usual gap between rounds
7.1 years
the median of 2

The rounds

  1. May 2026
    Seed$40M2 new

    Reported by LatamList and 2 others

  2. Apr 2019
    Round$420M2 new

    Reported by TechCrunchSEC filing: $446M sold, first sale Apr 2019

  3. Oct 2018
    Round$20M3 new

    Reported by Bloomberg

Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

Everyone who backed them

BenchmarkVC firm1round, led 1
GreenoaksVC firm1round, led 1
FidelityVC firm1round
Tao Capital PartnersFamily office1round
TigerGrowth equity1round
Taono record of our own yet1round

Missing a round, or an investor who was in one? Tell us.

Quick answers about Pax

Who invested in Pax?

Pax's investors include Benchmark, Greenoaks, Tiger Global Management, Fidelity and Tao Capital Partners, and 2 more on record. Benchmark led its latest round.

How much has Pax raised?

Pax has raised $480M across 3 rounds since 2018.

When did Pax last raise?

Pax's most recent round was a Seed of $40M in May 2026, led by Benchmark.

What was Pax's biggest round?

Pax's largest round on record is $420M (Undisclosed round), in Apr 2019.

Who backed Pax first?

Pax's first round on record, in Oct 2018, was backed by Fidelity, Tiger and Tao.

What stage is Pax at?

Pax's latest named round is a Seed, in May 2026.

Where is Pax based?

Pax is based in the United States.

Who led Pax's rounds?

Benchmark led the Seed in 2026.

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