Pax
PrivateLast Round
Seed
Apr 8, 2025
Total Funding Raised
$4.5M
Momentum Score
25 /100
Company Overview
Pax is a technology company that develops and provides an AI-powered software platform designed to automate and streamline the duty drawback process for businesses. Duty drawback is the refund of customs duties paid on imported goods that are subsequently exported. The company's platform uses AI to handle data collection and validation, maximize refund claims through optimization algorithms, and provide real-time tracking of claims. Pax aims to make these tariff refunds more accessible, particularly for small to medium-sized retailers and manufacturers, helping them recover a percentage of their revenue that often goes unclaimed. Founded in 2024 by Penny Chen and Chris Le, the company is part of the Y Combinator Summer 2024 batch and is headquartered in San Francisco.
Sector
Enterprise Software
Verticals
RegTech, Vertical SaaS, Logistics Software, Data Integration
Business Model
B2B
Customer Profile
Revenue Share, Subscription SaaS
AI Layer
Application
Keywords
Historical Pricing
Historical view of private secondary pricing and transaction trends.
Pax Comps
Public and private peers based on sector, stage, and business model.
Pax Funding Rounds
Historical fundraising activity
| Round | Date | Amount Raised | Valuation | Investors | Sources |
|---|---|---|---|---|---|
| Seed | Apr 8, 2025 |
Pax Investors
Notable investors and investment history
| Investor | Rounds |
|---|---|
| Sancus Ventures | Seed |
| Basis Set Ventures | Seed |
| ZVC1 | Seed |
| General Catalyst | Seed |
| Initialized Capital Management | Seed |
| Transpose Platform | Seed |
| Soma Capital | Seed |
Market signals
Structured signals derived from secondary market and firmographic data.
- Dec 23, 2025
Added Google as a customer.
- Dec 23, 2025
Added Amazon.com, Inc. as a customer.
Pax Filings
SEC and related filings with document metadata.
| Typed | Date | Amount Offered | Amount Sold | Filling | Pages | Download |
|---|---|---|---|---|---|---|
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Frequently Asked Questions
Common questions about Pax's valuation, stock price, and market status.
