Colorado-based Pax8, a provider of IT and consulting services, has relocated to an expanded office in Bristol, UK. The company has moved its staff to a new location in the Distillery on Avon Street as part of a major expansion plan. Bristol operates as the company’s European headquarters and has enabled it to achieve 800% year-on-year growth since opening in 2020.
John Street, chief executive officer of Pax8, explained: “It is such an exciting time for Pax8 as we continue to expand across Europe, the Middle East and Africa. Our presence in Bristol has opened so many doors to our success, and those prospects will only continue to grow with our fantastic new office. We also look forward to welcoming our partners and vendors to the space, which will generate further opportunities for collaboration and creativity in the channel.”
In April 2022, Pax8 raised $185m in new equity capital from investor SoftBank Vision Fund 2, which it said increased its valuation to $1.7bn.