Stax.ai Secures $7 Million in Funding

Stax.ai Secures $7 Million in Funding

Stax.ai, a Scottsdale, AZ-based cutting-edge platform for third-party retirement administrators (TPAs), has secured $7 million in funding.

The round was led by Neotribe Ventures, bringing Stax.ai’s total funding to $11.65 million.

Neotribe Ventures is an early-stage venture capital firm specializing in deep technology investments with the potential to create new product categories. The firm leverages its company-building expertise to help portfolio companies achieve product-market fit.

Stax.ai plans to use the funds to expand its platform, enhance payroll and census automation, and drive customer growth.

Stax.ai builds workflow automation tools for retirement TPAs, empowering them to better serve plan sponsors. The platform leverages advanced automation to streamline complex processes like payroll, census management, and retirement plan administration. It is already used by over 70 TPAs managing 120,000+ plan sponsors.

Funding Details

Company: Stax.ai, Inc.

Raised: $7.0M

Round: Unknown

Funding Date: November 2024

Lead Investor: Neotribe Ventures

Additional Investors:

Company Website: https://stax.ai/

Software Category: Workflow Automation