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About PAX Labs
Industries
Hardware
Consumer Software
Healthcare
Consumer Goods
Company Size
201-500
Company Stage
Late Stage VC
Total Funding
$521.7M
Headquarters
San Francisco, California
Founded
2017
Overview
PAX Labs makes portable cannabis vaporizers and accessories for adults, focusing on North American markets. Its devices are designed for on-the-go use with options to vaporize loose leaf, wax, and cannabis oil extracts, and they feature temperature control and app connectivity. The products are sold directly to consumers via the company’s website and authorized retailers, with additional revenue from compatible pods and replacement parts. What sets PAX Labs apart is its emphasis on premium, user-friendly devices and a direct-to-consumer model that helps maintain product authenticity and a strong relationship with customers, as well as a steady stream of revenue from consumables. The company aims to be a leading provider of reliable, high-quality vaping experiences for adult users while growing its direct sales and consumable ecosystem.
Simplify's Take
What believers are saying
- Rising demand for hybrid heating boosts PAX FOUR sales since March 2026.
- rePurpose Global partnership removes twice plastic waste per product sold.
- Water pipe adaptor expands compatibility with bongs for users.
What critics are saying
- Stiiizy erodes market share with cheaper disposables in 6-12 months.
- Patent suits against Stiiizy and ALD drain $10M+ fees in 12-24 months.
- FDA bans flavored PAX Era pods by end-2026, collapsing 40% revenue.
What makes PAX Labs unique
- PAX FOUR delivers 50% more vapour via hybrid heating system.
- First cannabis brand achieves Plastic Negative certification across products.
- Launched PAX TRIP, industry's first plastic negative all-in-one vape.
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Funding
Total Funding
$521.7M
Above
Industry Average
Funded Over
2 Rounds
Tiger GlobalBenefits
Health Insurance
Dental Insurance
Vision Insurance
401(k) Retirement Plan
Paid Vacation
Paid Parental Leave
Wellness Program
Phone/Internet Stipend
Mental Health Support
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↑ 0%2 year growth
↑ 1%PAX has launched PAX FOUR, its most powerful dry herb vaporiser, designed to deliver smoking-level intensity without combustion. The device features a redesigned hybrid heating system that produces 50% more vapour and faster heat-up than previous PAX models. PAX FOUR includes four preset heat modes with patented temperature control, haptic feedback, USB-C charging and up to 50 minutes of battery life. The vaporiser is 40% smaller and 75% lighter than competing devices whilst heating cannabis flower rather than burning it, avoiding harmful combustion byproducts. Available from 3 March 2026 in Onyx and Greenstone colourways, PAX FOUR retails for $250 on pax.com and at select global retailers. The launch completes PAX's dry herb lineup alongside FLOW and MINI models.
PAX today announced the highly anticipated launch of PAX FLOW, the latest innovation from the global cannabis brand that pioneered the portable dry herb vaporization category nearly two decades ago.
PAX, a globally recognized leader in the cannabis industry, has announced the launch of its exclusive 100% Live Rosin Limited Edition collection.
SAN FRANCISCO--(BUSINESS WIRE)--PAX, a leading global cannabis brand, today announced a new program to reduce plastic waste. Through a partnership with rePurpose Global, the world’s leading Plastic Action Platform, PAX has become the first brand in the cannabis space to achieve Plastic Negative certification across all existing product lines. This certification includes PAX MINI and PLUS, PAX ERA and 1G pods, and PAX Gummies, and means that for every product sold, twice as much plastic waste is removed from nature. As part of this broader plastic action effort, PAX is launching PAX TRIP, the brand’s first all-in-one vape, and the industry’s first plastic negative all-in-one, made with ocean bound plastic. The TRIP features PAX’s pure cannabis oils, with a rechargeable battery that heats, never burns, from start to finish. Additionally, it has been engineered for clean hits, with a clear air path that ensures vapor never touches the internal electronics
PAX Labs is Hiring for 11 Jobs on Simplify!
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About PAX Labs
Industries
Hardware
Consumer Software
Healthcare
Consumer Goods
Company Size
201-500
Company Stage
Late Stage VC
Total Funding
$521.7M
Headquarters
San Francisco, California
Founded
2017
PAX Labs is Hiring for 11 Jobs on Simplify!
Find jobs on Simplify and start your career today