Company

We build the settlement layer.

PacSpace was founded on a simple observation: when two systems measure the same activity independently, the numbers will always drift apart. We're building the neutral infrastructure that makes every exchange provable — so both sides trust the math, not each other's word.

Origin

Born from the
reconciliation problem.

PacSpace began as Pacmodo, a hardware company building supply chain provenance systems. While reconciling supply chain data with counterparties, we discovered the same structural problem that plagues every usage-based business: both sides track the same activity independently, and both are right — about different things.

The reconciliation technology we built to solve our own problem turned out to be the product. PacSpace is the infrastructure company that emerged from that realization. The Balance API is the first product.

Milestones

Pacmodo → PacSpace

Founded as a hardware company. The reconciliation layer we built for ourselves became the product.

Multiple utility patents filed

Core architecture protected. Represented by Perkins Coie.

30+ combined years at Nike

Founding team brings three decades of innovation work at Nike, with 20+ patents spanning product creation, supply chain, and product provenance.

The team

Who's building this.

David Ngene

Co-founder & CEO

Northwestern University, RISD (Master's, Industrial Design). Former Innovation Director at Nike. 20+ patents in product creation, supply chain, and product provenance. Previously founded Pacmodo.

Sebastian Tesche

Co-founder & COO

Former 20-year product and operations director at Nike. Co-founded Pacmodo. Brings deep experience in global supply chain and product provenance systems.

Brandon Ross

Business Development

Senior Associate at Elevate Capital Fund. Background in institutional investment across Meketa Investment Group and Pension Consulting Alliance. Reed College.

Sam Adams

Marketing & Comms

10 years at Nike across marketing strategy and EMEA operations. Former Global Brand Marketing Director at TAG Heuer. University of Birmingham (Master's, Marketing).

What we believe

Settlement infrastructure will be invisible, neutral, and autonomous.

Every transaction between two parties requires agreement on what happened. Today, that agreement is negotiated — through invoices, reconciliation, and dispute resolution. It's manual, expensive, and adversarial.

We believe settlement will become infrastructure. Like DNS resolves domain names without anyone thinking about it, settlement infrastructure will resolve balances between counterparties automatically. For that to work, the infrastructure has to be neutral — not built by either side, not interested in the outcome.

PacSpace is building that infrastructure. The Balance API is the first product. Usage-based billing disputes are the first wedge. The vision is larger: verified receipts as a primitive for every exchange between autonomous systems.

Read our neutrality principles →