What is PAXAFE?
Founded in 2018, PAXAFE is a venture-backed startup specializing in predicting adverse supply chain events to mitigate risks associated with B2B shipments and to enable intelligent cargo insurance solutions. The company's core offering is its intelligence platform, 'CONTXT', which aggregates and analyzes telematics, third-party, and ERP data. This comprehensive data integration allows shippers, 3PLs/carriers, and insurance providers to proactively intercept at-risk shipments, automate claim diagnosis and root cause analysis, and ultimately minimize future losses. PAXAFE's technology aims to decrease cargo loss while simultaneously enhancing operational efficiencies within the supply chain.
How much funding has PAXAFE raised?
PAXAFE has raised a total of $11.3M across 2 funding rounds:
Angel/Seed
$2.3M
Series A
$9M
Angel/Seed (2021): $2.3M with participation from Ubiquity Ventures
Series A (2024): $9M led by Framework Venture Partners, Rosecliff Ventures, and M12
Key Investors in PAXAFE
Framework Venture Partners
Framework Venture Partners is a software-focused venture capital firm that combines a unique data-driven investment process with a collaborative engagement model. They invest in software companies, particularly those re-imagining financial services or applying AI to large datasets.
Rosecliff Ventures
Rosecliff Ventures is a diversified investment management firm based in New York City, focused on investing in rapidly growing companies with disruptive technologies across various sectors, including financial, consumer, healthcare, and software.
M12
M12 is an official distributor of Milwaukee tools in Minsk, offering a wide variety of power tools and accessories. Their product range includes specialized tools such as SDS-max, SDS-plus, and innovative solutions like ONE-KEY and PACKOUT.
What's next for PAXAFE?
The recent Series A financing positions PAXAFE for significant scaling and further development of its CONTXT platform. With a major strategic investment, the company is expected to expand its market reach, enhance its predictive analytics capabilities, and potentially forge new partnerships within the logistics and insurance sectors. This capital infusion will likely fuel innovation in AI-driven supply chain risk management, enabling PAXAFE to solidify its position as a leader in intelligent cargo insurance and supply chain de-risking. The company's focus on leveraging diverse data streams to provide actionable insights suggests a trajectory towards deeper integration with enterprise logistics systems.
See full PAXAFE company page
