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.

Pax8 is 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's 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 - #68 in 2018, #60 in 2019, and #111 in 2020 - as one of the fastest-growing private companies in the US.