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Panax secures $25M Series A led by Noam Mills

Panax secures $25M Series A led by Noam Mills
Panax secures $25M Series A led by Noam Mills

Panax, a New York-based AI-powered cash flow management platform, has secured $15M in funding.

The round was led by Team8 and TLV Partners. The funds will be used to enhance Panax's product offerings and expand their market presence, including opening a New York City office.

With this investment, Panax aims to scale its operations, strengthen its position in the treasury management sector, and accelerate growth by expanding sales and support teams.

In 2024, Panax reported a 50% growth in its customer base in Q1, reflecting the high demand for its solution, which offers significant savings and operational efficiencies for mid-market and large companies.

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