Pax Momentum is pleased to introduce Pax Angels, the group of investors that will provide funding to companies selected for the Pax Momentum accelerator, as well as work together to select the 10 companies that will be invited to join the Fall 2020 Cohort. Pax Angels are accredited investors with early stage investing experience from a broad range of business verticals and regions across the US. These investors will hear pitches from the finalists pool of 15-20 startups and select 10 companies to join each Pax Cohort. Pax Angels will also offer mentorship to the entrepreneurs, and have the opportunity to initiate deeper, ongoing involvement with Pax Portfolio companies.
Pax Momentum runs two cohorts a year and hopes to graduate 100 carefully screened startups in its first five years. A Pax Angel invests in each cohort, and commits a few days to final company selection and to coaching entrepreneurs during the accelerator program. The individual can make follow-on investments in their favorite companies, engage as a board member or mentor, and even become a Deal Lead for the potential to earn an additional percentage of the carry. Darren Lee, EVP/GM at ProofPoint (PFPT) said “I love what Pax is doing to break down geographic barriers to investment and I’m excited to see companies from around the country grow through this accelerator program.”
These investors have come onboard to not only access Pax vetted investment opportunities but also to be a part of finding solutions to save our planet. Pax intends for 3 of the 10 companies in each cohort to be focused on technologies that promote environmental sustainability. David Krauskopf, Principal at Blu Ventures and owner of Hamanasi Adventure Resort, said “One thing that really sold me on being a Pax Angel was the environmental focus. I’m excited for the opportunity to invest in vetted companies working on climate solutions.”
Pax Angels are 12 strong (and growing)! They hail from seven different states, and represent a broad spectrum of deep domain knowledge, including CleanTech, FinTech, Cybersecurity, Healthcare, Education, Telecom, Datacom, eCommerce and Software Development. Members of Pax Angels co-invest with dozens of other firms and communities giving Pax portfolio companies greater opportunity to align with the right funding partners.