Paxos raises USD 142 mln in series C funding
The investment Declaration Partners led the round, which included investments from Mithril Capital, PayPal Ventures, RIT Capital Partners plc, Ken Moelis, Alua Capital, Senator Investment Group, and more. Previous Paxos investors also participated in the round, including RRE Ventures and Liberty City Ventures. To date, Paxos has raised more than USD 240 million in funding.
Paxos will continue developing enterprise-grade infrastructure solutions. Paxos will use this capital to scale its operations and platform capacity to meet the demands of its expected customer base. The company plans to double the size of its team and will explore all opportunities for growth.
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