Cambrian bivalved arthropods are a polyphyletic group of carapace-bearing arthropods that includes stem euarthropods, stem mandibulates and crustaceans. Here, we describe Pakucaris apatis gen. et sp. nov., a new stem mandibulate bivalved arthropod from the middle Cambrian (Wuliuan Stage) Burgess Shale (Marble Canyon, Kootenay National Park, British Columbia, Canada). Two morphotypes of this small arthropod (11.6-26.6 mm long) are recognized, which differ mainly in their size and number of segments, possibly reflecting sexual dimorphism or different anamorphic stages. The carapace presents a dorsal crest extending anteriorly into a small recurved rostrum and two anterolateral processes. Around 20% of the posteriormost body segments and limbs are covered by a large spine-bearing shield. The head bears a pair of eyes, a possible pair of unsegmented appendicular projections and two pairs of segmented appendages. The thorax is multisegmented, homonomous, with weakly sclerotized segments bearing biramous limbs, composed of a stenopodous endopod with c. 20 podomeres and a paddle-shaped exopod. Pakucaris is interpreted as a nektobenthic suspension feeder. Bayesian phylogenetic analysis implies a position within Hymenocarina as stem mandibulates. The posterior shield is regarded as a pygidium, and represents a case of morphofunctional convergent evolution between mandibulates, artiopodans and mollisoniids. Furthermore, Pakucaris adds to a growing number of pygidium-bearing arthropods, potentially hinting at a common developmental pattern across early arthropod evolution. This study not only increases our understanding of the early evolution of mandibulates, but also illustrates a unique case of early evolutionary convergence during the Cambrian Explosion.