PAX Labs

PAX Labs

Manufactures portable cannabis vaporizers.

About

PAX Labs specializes in creating portable vaporizers for cannabis consumption, including loose leaf, wax, and oil extracts. Their devices, such as the PAX 2, PAX 3, and Era series, are designed for adult users who value discretion and ease of use. These vaporizers feature advanced options like precise temperature control and app connectivity, enhancing the vaping experience. PAX Labs distinguishes itself from competitors by operating a direct-to-consumer model, which allows them to control the customer experience and ensure product authenticity. Their goal is to provide a premium vaping experience while catering to both recreational users and medical patients seeking alternative consumption methods.

Company Stage

Late Stage VC

Employees

201-500

Industries

Healthcare, Consumer Goods

Total Funding

$507.5M

Headquarters

San Francisco, California

Founded

2017


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Simplify's Take

What believers are saying

  • PAX's Plastic Negative certification attracts environmentally conscious consumers.
  • The PAX TRIP showcases innovation and sustainability, enhancing brand reputation.
  • PEACE BY PAX program aligns with consumer demand for corporate social responsibility.

What critics are saying

  • Increased competition from companies like Storz & Bickel threatens market share.
  • Patent litigation could lead to costly legal battles and financial losses.
  • New products like PAX TRIP may face challenges in consumer acceptance.

What makes PAX Labs unique

  • PAX Labs leads in app-controlled vaporization technology, enhancing user experience.
  • The company offers premium, portable devices for discreet cannabis consumption.
  • PAX Labs' direct-to-consumer model ensures product authenticity and customer satisfaction.

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Growth & Insights
Headcount

6 month growth

1%

1 year growth

1%

2 year growth

1%

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