PAX Labs is an internet-first cannabis technology company known for designing premium vaporizers and cannabis-infused products. Founded in 2007, the brand combines engineering, design, and science to deliver high-quality consumer experiences.
Its product ecosystem includes cannabis vapes, pods, dry-herb devices, and accessories, all built with temperature control, safety-locking, and advanced airflow technologies. PAX Labs emphasizes purity, safety, and transparency while promoting sustainable alternatives to traditional smoking.
Serving consumers globally, the company continues to expand its footprint across cannabis-forward markets, focusing on innovation, regulatory compliance, and responsible product development.
What Is PAX Labs and What Does It Do?
PAX Labs, founded in 2007 by James Monsees and Adam Bowen, is headquartered in San Francisco, United States. The company develops premium cannabis-infused vapor products and advanced consumer smoking technologies designed to deliver clean, controlled, and consistent experiences.
Known for engineering high-performance vaporizers and cannabis products, PAX Labs aims to normalize and elevate cannabis consumption through innovation, transparency, and user safety.
PAX Labs employs between 201-500 people and remains one of the most influential brands shaping the future of cannabis technology.
How Much Funding Has PAX Labs Raised?
1. Series D
- Amount Raised: $46.7M
- Date: June 2015
- Lead Investors: Tao Capital, Sand Hill Angels
- Motivation: To expand internationally, introduce new product categories, and accelerate customer acquisition.
2. Series E
- Amount Raised: $420M
- Date: April 2019
- Lead Investors: Tiger Global Management, Tao Capital Partners, Prescott General Partners
- Motivation: To invest in new product development, scale operations, and expand into international cannabis markets including Canada.
Total Funding Raised: $617 Million
Current Valuation: $1.7 Billion (as of April 2019)
Latest Funding Date: April 2019
Key Investors
1. Tiger Global Management
- Details: A global investment firm known for aggressive investments in high-growth tech and consumer brands.
- Investment Focus Areas: Technology, telecommunications, media, consumer.
- Notable Investments: Facebook, LinkedIn, Spotify.
2. Tao Capital Partners
- Details: A private investment firm from the Pritzker family supporting category-defining companies.
- Investment Focus Areas: Technology, healthcare, sustainability.
- Notable Investments: SpaceX, Uber, Airbnb.
3. Sand Hill Angels
- Details: A Silicon Valley angel investor group providing early-stage capital and mentorship.
- Investment Focus Areas: Technology startups.
- Notable Investments: Facebook, LinkedIn.
4. Fidelity Management & Research Company
- Details: A global financial institution with extensive equities and tech investments.
- Investment Focus Areas: Technology, healthcare, consumer products.
- Notable Investments: Apple, Google.
Where Is PAX Labs’ Headquarters?
PAX Labs is headquartered in San Francisco, California, a significant innovation hub that gives the company access to advanced engineering talent, regulatory expertise, and partnerships across the cannabis and consumer electronics ecosystems.
What’s Next for PAX Labs?
PAX Labs is positioned to expand aggressively in legalized markets, focusing on cannabis-infused products, hardware innovation, and international deployment. The company aims to deepen its presence in Canada and explore CBD-based product categories. With rising global acceptance of cannabis and firm investor backing, PAX Labs is expected to introduce next-generation devices, broaden its product ecosystem, and scale its distribution footprint worldwide.
Get Investor & Funding Insights with TexAu
TexAu helps sales and business teams uncover detailed fundraising information on companies like PAX Labs. Use the platform to research investors, track funding rounds, and gather actionable insights to strengthen prospecting and business strategy.
Sign Up for Free on TexAu and start uncovering detailed funding insights that give your business a competitive edge.
