Panax Overview
Panax provides an automated cash management solution designed to help finance teams improve visibility, increase capital efficiency, and achieve total control. Panax enables finance teams to streamline their day-to-day cash and liquidity management in order to achieve optimal results.
Cumulative Funding Raised Over Time ($)
$10.0MMar 2022
$15.0MMar 2022
$15.0MMay 2024
Latest News
growth-positive
At 19, Israeli Noam Mills was the top-ranked fencer in the world in her age group and was on the way to becoming an Olympic athlete. Her journey took a sharp turn at Harvard, where she realized her ambitions extended beyond sports. Now the co-founder of Panax, a startup building a cash flow management platform, Mills explains how elite competition shaped her as an entrepreneur, and why she doesn’t look back.
Noam Mills, a former top-ranked fencer and Olympic athlete, co-founded Panax, a fintech startup focused on automated cash flow management. Her experience in competitive sports has influenced her entrepreneurial journey, emphasizing resilience and strategic thinking. Panax, recognized as one of Calcalists Most Promising Startups for 2025, has raised $15 million across two funding rounds. The company addresses a significant gap in cash flow management for small and medium-sized enterprises, offering a cloud-based platform that integrates AI to enhance financial visibility and decision-making. Mills transition from fencing to entrepreneurship highlights her shift in motivation from fear of losing to a desire to win, applying her competitive drive to business success.
InvestmentCustomers
Growth-Positive
Panax raises $10 million Series A for AI-powered cash flow management platform | CTech
Israeli startup Panax, which develops an AI-driven cash flow management platform, has raised $10 million in a Series A funding round led by Team8 and TLV Partners. The platform helps mid-market and large companies gain full visibility and control over their cash operations and optimize their liquidity. The company plans to use the funds to open a new office in New York this summer. Panaxs clients include Artlist, Elementor, Oddity, Lightricks, and others.
InvestmentExpand
| Sector | Fintech & Insurtech |
Funding
| Total funding | $15M |
| Last funding | Undisclosed |
| Stage | A |
| Rounds | 3 |
| Investors | 2 |
Team Members
5
Employees: 51-200
Web & Social Links
| Website | www.thepanax.com/ |
Locations
Tel Aviv-Yafo, Israel
New York, NY, USA
Photos & Videos
No files yet
Panax Business
Business models
B2B
Product stage
Released
Employees
51-200
Sector
Fintech & InsurtechFinancial Operations SoftwareTarget Customer
—Core Technology
Platforms & InterfacesWebPanax Financials
$15M
Total funding
Undisclosed
Capital raised
Undisclosed
Last funding
A
Funding stage
3
Total rounds
2
Investors
Cumulative Funding Raised Over Time ($)
$10.0MMar 2022
$15.0MMar 2022
$15.0MMay 2024
Private Equity Funding
A Round
May 2024
Undisclosed
TLV Partners
A Round
Mar 2022
$10M
Team8 (Lead)
,
TLV Partners
Seed
Mar 2022
$5M
TLV Partners (Lead)
Panax Lifecycle
Cumulative Funding Raised Over Time
$10.0MMar 2022
$15.0MMar 2022
$15.0MMay 2024
All Events
A Round
May 2024
Undisclosed
TLV Partners
A Round
Mar 2022
$10M
Team8 (Lead)
,
TLV Partners
Seed
Mar 2022
$5M
TLV Partners (Lead)
Panax News
2 articles
growth-positive
At 19, Israeli Noam Mills was the top-ranked fencer in the world in her age group and was on the way to becoming an Olympic athlete. Her journey took a sharp turn at Harvard, where she realized her ambitions extended beyond sports. Now the co-founder of Panax, a startup building a cash flow management platform, Mills explains how elite competition shaped her as an entrepreneur, and why she doesn’t look back.
Noam Mills, a former top-ranked fencer and Olympic athlete, co-founded Panax, a fintech startup focused on automated cash flow management. Her experience in competitive sports has influenced her entrepreneurial journey, emphasizing resilience and strategic thinking. Panax, recognized as one of Calcalists Most Promising Startups for 2025, has raised $15 million across two funding rounds. The company addresses a significant gap in cash flow management for small and medium-sized enterprises, offering a cloud-based platform that integrates AI to enhance financial visibility and decision-making. Mills transition from fencing to entrepreneurship highlights her shift in motivation from fear of losing to a desire to win, applying her competitive drive to business success.
InvestmentCustomers
Growth-Positive
Panax raises $10 million Series A for AI-powered cash flow management platform | CTech
Israeli startup Panax, which develops an AI-driven cash flow management platform, has raised $10 million in a Series A funding round led by Team8 and TLV Partners. The platform helps mid-market and large companies gain full visibility and control over their cash operations and optimize their liquidity. The company plans to use the funds to open a new office in New York this summer. Panaxs clients include Artlist, Elementor, Oddity, Lightricks, and others.
InvestmentExpand
Panax Team
Employee Info
| Employees (range) | 51-200 |
| Exact count | 68 |
| Team members | 5 |
Similar Companies
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Panax Internal
Recent Updates
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Admin Info
| Confidence | 80/100 |
| Missing | tags, video or image, markets, not claimed |
| BI Verification | Jenny Sotnik-Talisman |
| Registrar ID | 516573185 |
| Creator | Jenny Sotnik-Talisman |
| Creator email | jenny.sotnik@sncentral.org |
| Last updater | Jenny Sotnik-Talisman |
| Updater email | jenny.sotnik@sncentral.org |
| Last update | 2024-05-08T00:00:00.000Z |
| Created | 2023-03-16T00:00:00.000Z |
| Claimed | Yes |