When was PAX Labs founded?

PAX Labs was founded in 2007 and became a unicorn in 2019, reaching the milestone in 12 years. It raised its 1st funding round 3 years after its incorporation.

Where is PAX Labs located?

PAX Labs is headquartered in San Francisco, United States. It is registered at San Francisco, California.

Who is the current CEO of PAX Labs?

Michael Murphy, Adam Cahan and Chris Ahern s of PAX Labs.

How many employees does PAX Labs have?

As of Jun 30, 2026, the latest employee count at PAX Labs is 423.

Is PAX Labs a funded company?

PAX Labs is a funded company, having raised a total of $571M across 6 funding rounds to date. The company's 1st funding round was a $240K Grant (prize money) round, raised on Aug 27, 2010.

How much is PAX Labs worth?

The latest valuation of PAX Labs is $1.7B as of Apr 22, 2019.

When was the latest funding round of PAX Labs?

PAX Labs' latest funding was a $446M Series E round on Apr 12, 2019, with participation from 3 investors.

Is PAX Labs a Smoking Products E-Commerce company?

The primary sector of PAX Labs is Smoking Products E-Commerce.

Where does PAX Labs rank among its competitors?

PAX Labs ranks 1st amongst 9 active competitors, of which 2 are funded. It stands 1st in terms of total funding among its competitors. The most recent competitor to raise funding was G Pen, which secured an undisclosed amount in Jul, 2019.

Who are the top competitors of PAX Labs?

PAX Labs' top competitors include G Pen, Firefly and Dr. Dabber. Among them, G Pen secured the most recent funding round in July, 2019.

PAX Labs - 2026 Company Profile, Team, Funding & Competitors

PAX Labs is a series E company based in San Francisco (United States), founded in 2007 by Adam Bowen. It operates as an Internet-first brand offering cannabis-infused vapor products. PAX Labs has raised $571M in funding from Sand Hill Angels and Tao Capital Partners, with a current valuation of $1.7B. The company has 9 active competitors, including 2 that are funded. Its top competitors include companies like G Pen, Firefly and Dr. Dabber.

Sectors and market segments that PAX Labs operate in

PAX Labs serves in the Retail market segments.The primary business model of PAX Labs is:

Retail > Smoking Products E-Commerce > ***** **** > ***** ******

Company Details

Internet-first brand offering cannabis-infused vapor products. It offers multi-category products like cannabis-infused vape, cannabis, and accessories for smoking product

Website: www.pax.com/
Social
Email ID: *****@pax.com, *****@pax.com
Registered Address: San Francisco, California

Key Metrics

Founded Year

2007

Location

San Francisco, United States

Stage

Series E

Total Funding

$571M in 6 rounds

Latest Funding Round

Series E, Apr 12, 2019, $446M

Post Money Valuation

$1.7B as on Apr 22, 2019

Investors

Sand Hill Angels & 28 more

Ranked

1^st among 9 active competitors

Employee Count

423 as on Jun 30, 2026

Similar Companies

G Pen & 4 more

View PAX Labs' full profile

PAX Labs is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
PAX LTD CIN: 13831543 , United Kingdom, Active	Jan 05, 2022	£0 - £1M (As on Jan 31, 2024)	-
PAX LABS (DEUX), INC. CIN: 821459401 , United States, Active	Dec 31, 1999	-	89 (As on Dec 31, 2024)	-

PAX Labs has raised a total funding of $571M over 6 rounds. Its first funding round was on Aug 27, 2010. Its latest funding round was a Series E round on Apr 12, 2019 for $446M. 3 investors participated in its latest round. PAX Labs has 29 institutional investors.

Here is the list of recent funding rounds of PAX Labs:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Apr 12, 2019	$446M	Series E	$1.7B	-	-	Tao Capital Partners, Tiger Global Management, ArmaVir Partners
Oct 23, 2018	$20M	Series D	-	-	-	-
Mar 17, 2017	$55M	Series D	-	-	-	-

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View details of PAX Labs's funding rounds and investors

The founders of PAX Labs is Adam Bowen. Chris Ahern, Adam Cahan and Michael Murphy are the CEOs of PAX Labs.

Here are the details of PAX Labs' key team members:

Adam Bowen: Former Co-Founder of PAX Labs.
Michael Murphy: Co-CEO of PAX Labs.
Adam Cahan: Co-CEO of PAX Labs.
Chris Ahern: Co-CEO of PAX Labs.
Contact Info: 1 email address

View details of PAX Labs's Founder profiles and Board Members

PAX Labs' employee count trend

PAX Labs has 423 employees as of Jun 26. Here is PAX Labs's employee count trend over the years:

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Top competitors of PAX Labs include G Pen, Firefly and Dr. Dabber. Here is the list of Top 10 competitors of PAX Labs, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	PAX Labs 2007, San Francisco (United States), Series E	Internet-first brand offering cannabis-infused vapor products	$571M	Fidelity Investments, Scale Up Venture Capital ... & 27 others	72/100
2nd	G Pen 2012, Los Angeles (United States), Series A	Manufacturer of vapour products	-	Serruya Private Equity, Stable Road Capital ... & 3 others	39/100
3rd	Firefly 2012, San Francisco (United States), Unfunded	Internet first brand offering smart vaporizer	-	-	28/100
4th	Dr. Dabber 2013, Las Vegas (United States), Unfunded	Internet first brand offering multi-category vapes products for consumers	-	-	27/100
5th	Rama Vape 2024, West Lafayette (United States), Unfunded	Provider of disposable vaping products with features	-	-	24/100
6th	Kushcart 2021, Englewood (United States), Unfunded	Internet-first brand offering vaporizers	-	-	16/100
7th	IGet 2024, Santa Monica (United States), Unfunded	Online brand offering disposable vaporizers	-	-	16/100
8th	Pucker Vapes 2021, Novi (United States), Unfunded	Internet first brand offering vaporizers	-	-	16/100
9th	v4/twenty 2016, Northbrook (United States), Deadpooled	Online platform offering smart vaporizer	-	-	15/100
10th	Magic Flight 2007, Orlando (United States), Unfunded	Manufacturer of handheld vaporizers for dry herbs and concentrates	-	-	15/100