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PAX LABS
PAX Labs
Cannabis / vaporizer hardware · San Francisco, California · United States · Founded · 2007 · ≈ · 303 · employees

PAX Labs Funding — Last Valued at $1.7B

Private

PAX Labs has raised $476.7M across 2 funding rounds, plus 1 undated round. The latest round valued PAX Labs at $1.7B post-money.

ProfileValuationFundingCompetitorsStock & IPOHow to invest
PAX Labs funding · at a glance
Total raised, all rounds
$476.7M
sum of disclosed sizes
Funding rounds
2
plus 1 undated round
Latest round
$1.7B
post-money · Apr 2019
Lead on that event
not disclosed
2019
About PAX Labs

PAX Labs is backed by Japan Tobacco International, which invested $10 million into the business in 2011 when it operated as Ploom, before parting ways as the Pax vaporizer became associated with the cannabis market instead of tobacco.

Funding timeline

The PAX Labs funding timeline

2 funding rounds, the latest highlighted.

2007
PAX Labs founded

PAX Labs was founded in 2007, United States.

UNDATED
Strategic investment

No date is disclosed for this round.

JUN 2015
Series C

A primary round — the company sells new shares to investors it selects. $46.7M raised.

Valuation basisAmount$46.7MPrice / shareLead
APR 2019LATEST
Equity round at $1.7B post-money

A primary round — the company sells new shares to investors it selects. $420M raised.

Valuation basispost-moneyAmount$420MPrice / shareLead
IPO: NOT ANNOUNCED

No filing has been made.

Funding rounds

PAX Labs funding rounds in full

2 dated rounds, newest first.

Round
Date
Amount
Valuation
Price / share
Lead investors
Participation
Equity round LATEST
Apr 2019
$420M
$1.7Bpost-money
—
—
—
Series C
Jun 2015
$46.7M
—
—
—
—
Strategic investment
—
$10M
—
—
Japan Tobacco International
—
PAX Labs · investors

Investors

JJapan Tobacco InternationalLEAD

Frequently asked questions

What is PAX Labs's valuation?›

The last valuation is $1.7B.

Who has invested in PAX Labs?›

Lead investors for each round are in the funding timeline.

Who are PAX Labs's competitors?›

The closest cannabis / vaporizer hardware peers are on the competitors page.

How can I get exposure to PAX Labs?›

The routes section explains what is realistically available for a company at this stage.

Is PAX Labs publicly traded?›

No. PAX Labs is a private company; its shares do not trade on a public exchange.

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