Paxafe
Carmel, US · Founded 2018 · Delaware corporation · 28 employees on LinkedIn · 8 known investors
PAXAFE is a logistics orchestration platform that helps cold chain manufacturers and logistics service providers reduce monitoring costs and automate lane validation and risk assessments using IoT device data and prescriptive recommendations.
Founders & leadership
Paxafe was founded in 2018 by ILYA PRESTON, ASHOK SEETHARAM, and Ashok Seetharam.
Board
PM
PETER MISEKin𝕏Director Board of DirectorsManaging Partner and Co-Founder at Framework Venture Partners
ML
MATTHEW LAUTZBoard director
Investors · 8
Elevate VenturesIndianapolis · $20K – $2M
FinTech VenturesAtlanta · $250K – $2M
Framework Venture PartnersToronto
M12 (Microsoft's Venture Fund)Seattle · $100K – $10M
Rosecliff VenturesNew York City · $500K
Tech Square VenturesAtlanta · $500K – $3M
__Twitter.png)
GaingelsreportedNew York · $200K – $500K
Ubiquity Venturesreported · 2 sourcesPalo Alto · $1M – $3M
Reported raises · per SEC filings
Form D private placements$12.2M disclosed across 6 of 7 rounds · 2019–2025
▶$750KraisedNov 2025 · 1 investors · Other TechnologyRule 506(b)
▶$750KraisedNov 2025 · 1 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- PETER MISEKDirector
- ILYA PRESTONExecutive Officer, Director
- ASHOK SEETHARAMExecutive Officer, Director
- Offering amount
- $1.5M
- Amount sold
- $750K
- Minimum investment
- $100K
- First sale
- Oct 2025
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$6MraisedMar 2024 · 7 investors · Other TechnologyRule 506(b)
▶$6MraisedMar 2024 · 7 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- SUNIL NAGARAJExecutive Officer
- PETER MISEKExecutive Officer
- ILYA PRESTONExecutive Officer, Director
- ASHOK SEETHARAMExecutive Officer, Director
- Offering amount
- $8.8M
- Amount sold
- $6M
- Minimum investment
- $150K
- First sale
- Feb 2024
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$750KraisedJul 2023 · 1 investors · Other TechnologyRule 506(b)
▶$750KraisedJul 2023 · 1 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- ILYA PRESTONExecutive Officer, Director
- ASHOK SEETHARAMExecutive Officer, Director
- SUNIL NAGARAJDirector
- Offering amount
- $750K
- Amount sold
- $750K
- Minimum investment
- $750K
- First sale
- Jul 2023
- Incorporated
- Corporation, Delaware, 2018
- Federal exemptions
- 06b
▶$1.5MraisedMay 2022 · 4 investors · Other TechnologyRule 506(b)
▶$1.5MraisedMay 2022 · 4 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Ilya PrestonExecutive Officer, Director
- Ashok SeetharamExecutive Officer, Director
- Sunil NagarajDirector
- Offering amount
- $1.5M
- Amount sold
- $1.5M
- Minimum investment
- $25K
- First sale
- Apr 2022
- Incorporated
- Corporation, Delaware, 2018
- Federal exemptions
- 06b
▶$2.3MraisedApr 2021 · 11 investors · Other TechnologyRule 506(b)
▶$2.3MraisedApr 2021 · 11 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- MATTHEW LAUTZDirector
- ASHOK SEETHARAMExecutive Officer, Director
- ILYA PRESTONExecutive Officer, Director
- Offering amount
- $2.3M
- Amount sold
- $2.3M
- Minimum investment
- $10K
- First sale
- Mar 2021
- Incorporated
- Corporation, Delaware, 2018
- Federal exemptions
- 06b
▶$904KraisedNov 2019 · 14 investors · OtherRule 506(b)
▶$904KraisedNov 2019 · 14 investors · Other
Rule 506(b)Officers, directors & promoters on the filing
- ILYA PRESTONExecutive Officer, Director
- ASHOK SEETHARAMExecutive Officer, Director
- Offering amount
- $904K
- Amount sold
- $904K
- Minimum investment
- $20K
- First sale
- Oct 2019
- Incorporated
- Corporation, Delaware, 2018
- Federal exemptions
- 06b
▶$400KofferedFeb 2019 · Other TechnologyRule 506(b)
▶$400KofferedFeb 2019 · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Ilya PrestonExecutive Officer, Director
- Ashok SeetharamExecutive Officer, Director
- Offering amount
- $400K
- Minimum investment
- $25K
- Proceeds to insiders
- $60K
- Incorporated
- Corporation, Delaware, 2018
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Competitors · 5
by search overlapCsafeglobal6 shared keywordsCSafe provides temperature-controlled shipping solutions for pharmaceutical, biotechnology, and cell and gene therapy products across clinical development and commercial distribution stages. The company operates a global logistics network offering active and passive bulk cargo, parcel shipping, and digital tracking solutions.
AeroSafe Global3 shared keywordsAeroSafe Global provides end-to-end cold chain delivery management and intelligence services for last-mile, point-of-care pharmaceutical distribution, including thermal transport packaging and reusable parcel return logistics. It serves pharma companies and US healthcare providers to maintain temperature stability and delivery visibility for temperature-sensitive medicines.
Freight Waves3 shared keywordsFreightWaves is a news and editorial publication covering logistics, supply chains, and freight transportation sectors.
Skusafe3 shared keywordsSKUsafe is a product lifecycle and compliance platform for food, beverage, and supplement makers, combining formulation, nutrition/label fact panels, supplier sourcing, quality management (CAPA, forms), and stage-gated approvals in one system. It generates ingredient and allergen statements for US, Canada, EU, and Mexico labeling and links formulas, ingredient specs, suppliers, and fact panels with version control and audit trails.
Aspisafesolutions3 shared keywordsAspi Safe Solutions develops medical devices for intubated and intensive care patients, including an orogastric tube securement device, a feeding tube designed to prevent stomach reflux and aspiration, and a system (SAMMY) that uses indirect calorimetry to measure and deliver personalized caloric nutrition. Its products target ICU care and address complications such as aspiration pneumonia and malnutrition.
Companies competing with Paxafe for the same Google search keywords, organic and paid, via search-intersection analysis.
In the news
Frequently asked questions
- What does Paxafe do?
- PAXAFE is a logistics orchestration platform that helps cold chain manufacturers and logistics service providers reduce monitoring costs and automate lane validation and risk assessments using IoT device data and prescriptive recommendations.
- Who founded Paxafe?
- Paxafe was founded by ILYA PRESTON, ASHOK SEETHARAM, Ashok Seetharam in 2018.
- Who are Paxafe's investors?
- Paxafe's investors include Elevate Ventures, FinTech Ventures, Framework Venture Partners, M12 (Microsoft's Venture Fund), Rosecliff Ventures, Tech Square Ventures, Gaingels, Ubiquity Ventures.
- How much funding has Paxafe raised?
- Paxafe has disclosed $12.2M raised across 6 of its 7 known rounds.
- Where is Paxafe headquartered?
- Paxafe is headquartered in Carmel, US.