Orrick Advises Blue Cloud Ventures on Investment in Pax8’s $185 Million Round


Orrick has advised Blue Cloud Ventures on its investment in Pax8’s $185 million funding round, valuing the company at $1.7 billion. Led by SoftBank Vision Fund 2, the round also included Catalyst Investors, Sageview Capital and Liberty Global Ventures. Pax8, a cloud commerce marketplace, will use the capital to accelerate innovation and continue expanding into new markets.

The Orrick team advising Blue Cloud Ventures was led by John Bautista and Paul Klimos. Over the past year, the firm has advised Blue Cloud Ventures on its investments in Iterable, Paradox.ai, Arctic Wolf, Templafy and Narvar, among many others.