Stax.ai, a transformative solution that empowers retirement third-party administrators (TPAs) to streamline their operations and create efficiencies previously deemed impossible, announced $7 million in new funding led by Neotribe. To date, the company has raised $11.65 million. It will continue its momentum by investing in its next phase of customer growth and product development while building its leadership team.
With 70+ TPAs now using Stax.ai products covering over 120,000 plan sponsors, the startup will utilize this new investment to expand its platform, enhance payroll and census automation, and ensure clients can continue to focus on growing their businesses. And early adopters like MAP Retirement, a TPA have already seen tremendous growth since partnering with Stax.ai.
KEY QUOTES:
“Stax.ai is redefining the future of retirement plan administration by addressing some of the industry’s most pressing challenges with bold innovation and technology. Their impact is already undeniable—streamlining workflows, driving efficiency, and enabling their customers to achieve measurably remarkable results. Neotribe is proud to lead this funding round, and I’m honored to join their board as we partner with Stax.ai to accelerate their vision and transform the retirement industry at scale.”
– Nitin Chopra, Managing Director, Neotribe Ventures
“Stax.ai has transformed how we serve our clients by automating time-consuming tasks and freeing our team to focus on what matters most—delivering exceptional client service and driving real value. The company’s relentless innovation and development of cutting-edge solutions continue to revolutionize our operations, empowering us to elevate the service we provide and scale our operations over the last two years.”
– Matthew Reimer, Managing Partner, MAP Retirement
“This newest investment propels Stax.ai forward in transforming the retirement industry. As our offerings and our team grow, we remain focused on our mission to drive innovation and deliver unmatched value to TPAs nationwide.”
– Naru Muraleedharan, CEO and co-founder of Stax.ai
