Pax Momentum is thrilled to announce the members of our Fall 2020 Cohort! After an extensive selection process, we’ve chosen a group of diverse companies that we’re excited to help grow. Pax is a team of remote professionals working together from various parts of the country. As such, we’ve looked for promising start-ups outside of California’s gravitational pull, and were impressed and excited by what we found. These companies come from Philadelphia, Wichita, Pittsburgh, Boston, Toronto, Raleigh, Richmond, and Washington DC.
The companies we’ve selected are breaking new ground in their industries. They’re making strides in environmental engineering, digital advertising, human resources, digital currency, sustainable fashion, and information services. This includes three cleantech companies that we’re proud to support as part of our sustainability focus!
The 2020 Cohort’s start-ups are led by a diverse group of founders who are passionate, driven, and committed to their work. Almost half of our companies are led by underrepresented founders, including two female-led companies, and two with international founders.
The Pax Momentum Accelerator exists to help these companies scale and reach new heights. They enter our program with promising, early-stage products, strong teams, and convincing potential. Pax helps them translate their resources into impressive market growth through a concentrated go-to-market curriculum, guidance from experienced mentors, and in-depth summit events with prestigious entrepreneurs.
Our climatetech companies help you help the environment in significant, substantial ways. Wearwell makes sustainably sourced fashion easy to access, while HyperBorean has invented an off-grid power solution that turns waste heat into cooling. Changewater Labs is expanding global access to clean water with an utterly surprising innovation in toilets.
Our two adtech companies are going after the $400B digital advertising market. Adstash is revolutionizing digital sign advertising with an integrated platform, and Adskate ensures brand safety by analyzing video content with machine learning.
Fonbnk and RoundlyX are innovating the way we interact with digital currency. Fonbnk’s system allows people in the developing world to turn mobile sim cards into bank accounts, while RoundlyX invests spare change into all kinds of digital currency, including Bitcoin.
We have two companies with SAAS solutions to make enterprises smarter and more efficient. EmployeeCycle offers a dashboard that brings all HR data together in one place to empower decision makers, while Nanovest’s platform allows knowledge workers to instantly assess the market potential of new technologies.
We are proud to introduce you to our inaugural cohort.
Cleantech
Change: Water Labs, from Boston, MA
Change: Water Labs’s team of engineers has invented a waterless, market-disruptive, sustainable toilet that rapidly evaporates 95% of sewage without using any energy. Their envisioned implementation will help expand access to clean water and sanitation around the world.
HyperBorean, from Wichita, KS
HyperBorean has developed an off-grid energy technology that uses waste heat and solar to power refrigeration and air-conditioning systems. In use with equipment shelters, HyperBorean offers a cut in energy consumption and added resiliency to heat-induced downtime threats.
Wearwell, from Philadelphia, PA
Wearwell is an online eCommerce business where consumers can purchase clothing that is sustainably made and sourced. While the fashion industry at large is responsible for 10% of all global carbon emissions, Wearwell makes it easy for you to choose climate-conscious brands.
Adtech
Adskate, from Pittsburgh, PA
AdSkate is an advertising technology firm that builds innovative solutions for targeting and brand safety. Their platform uses machine learning for sentiment analysis, video analytics and contextual targeting, to allow brands to make data-driven decisions about content creation and brand strategy.
Adstash, from Toronto, Canada
Adstash provides a platform for connecting online ad exchanges with digital signage operators, using their integrated platform and AI algorithms to automate transactions. Their streamlined interface offers revenue reports, content schedules, and multi-user management, while the platform is conveniently integrated with TransferWise.
Digital Currency
Fonbnk, from Washington, DC
Fonbnk’s system allows users to buy, share, and redeem mobile airtime credit, turning mobile sim cards into bank accounts for people in the developing world. Minutes can be shared across 600 service providers, reducing financial barriers to staying in touch. Fonbnk is currently a finalist at Africa Fintech Summit 2020.
RoundlyX, from Richmond, VA
RoundlyX allows crypto-currency investors to round their daily purchases (to the nearest dollar) and apply that rounded amount to their cryptocurrency investments. Users can link their round-ups to multiple currencies in multiple exchange accounts for a comprehensive portfolio, all toggleable in an easy-to-use dashboard.
SAAS
Employee Cycle, from Philadelphia, PA
Employee Cycle provides a real-time HR analytics dashboard which aggregates disparate employee platforms and empowers enterprises to make data-driven workforce decisions. The days of error prone exporting and time consuming manual report building are over. EmployeeCycle allows companies to integrate their HRIS, ATS, and Engagement & Performance systems for integrated and comprehensive report building.
Nanovest, from Raleigh, NC
Nanovest’s SAAS platform assists in the market assessment of new technologies by providing instant access to patents, market data, grants, research, trials, and regulatory, product and company information. Nanovest has partnered with leading research institutions in their quest to provide rapid access to comprehensive market assessments.
