Paxafe
Carmel, US · Founded 2018 · Delaware corporation · 28 employees on LinkedIn · 8 known investors
Find your way into Paxafe
592 people in our graph share verified history with the Paxafe team — schools, employers, funds. One of them is your warm intro.
David Phuunlockedknows ILYA PRESTON · together at PwC (overlapped)
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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 and Ashok Seetharam.
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ILYA PRESTONinCo-Founder & CEOIlya Preston previously worked as a management consultant focused on supply chain strategy and held a position with a Fortune 200 company in supply chain operations. He is now Executive Officer and Director at Paxafe, a logistics orchestration platform for cold chain providers.
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Ashok SeetharaminCo-Founder and CTO
Board
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PETER MISEKin𝕏Director Board of DirectorsManaging Partner and Co-Founder at Framework Venture Partners
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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
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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.
Founder mafia
3 people who came through Paxafe went on to found or lead other companies.
Competitors · 5
by search overlap
Csafeglobal6 shared keywordsCSafe develops temperature-controlled shipping solutions for the pharmaceutical and life sciences cold chain, including active and passive air cargo containers, parcel shippers, and cryogenic dewars for cell and gene therapies. It serves biopharma logistics worldwide with a network of service centers, manufacturing facilities, and real-time tracking technology.
AeroSafe Global3 shared keywordsAeroSafe Global provides cold chain logistics and pharmaceutical distribution solutions through its proprietary "Cold Chain as a Service" model, serving specialty distributors, pharmaceutical manufacturers, health systems, specialty pharmacies, and direct-to-patient programs worldwide. The company operates across 80 countries with real-time tracking and advanced packaging technology to ensure the safe delivery of temperature-sensitive therapies.
Freight Waves3 shared keywordsFreightWaves is a news and editorial publication covering logistics, supply chains, and freight transportation sectors.
Skusafe3 shared keywordsSKUsafe offers a formulation module for food and beverage product developers to build multi-level recipes while automatically tracking cost, yield, nutrition, and allergens. It includes AI-assisted recipe generation, version history, and reformulation impact analysis, plus related tools for labeling and supplier control.
Aspisafesolutions3 shared keywordsAspisafe Safe Solutions develops medical devices in the hospital medicine space, including products related to NG (nasogastric) tube safety. The company operates in the medical device and healthcare sector.
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 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.