Panax

Company Overview

Snapshot

Founded in March 2022 by Noam Mills, Niv Yaar, and Sefi Itzkovich, Panax operates with 51–200 employees. The company has raised $15 million across two funding rounds from two investors, with TLV Partners participating in both rounds. In May 2024, Panax secured a Series A funding round.

Business overview

Panax delivers an automated cash management solution designed to enhance visibility, boost capital efficiency, and provide comprehensive control for finance teams. The company's core technology streamlines day-to-day cash and liquidity management, enabling optimal financial results. Panax primarily serves the Fintech & Insurtech sector, operating within the financial operations software category.

Strategic signal

In May 2025, Panax's co-founder and CEO, Noam Mills, was featured in an article discussing her journey from an Olympic-level fencer to an entrepreneur. This highlights the strong leadership and competitive drive within the company, signaling to investors a resilient and ambitious team capable of navigating the demanding startup landscape in the AI-powered cash flow management sector.

Company Intelligence Q&A

What is Panax's primary focus?

Panax focuses on providing an AI-driven cash flow management platform to help finance teams improve visibility, increase capital efficiency, and achieve total control over their liquidity.

When was Panax founded and by whom?

Panax was founded in March 2022 by co-founders Noam Mills, Niv Yaar, and Sefi Itzkovich.

What was a significant funding event for Panax?

In May 2024, Panax raised a Series A funding round. This round was joined by TLV Partners and Team8.

Which investors have participated in Panax's funding rounds?

TLV Partners has participated in Panax's funding rounds, including leading a Seed round in March 2022 and joining the Series A round in May 2024. Team8 also joined the Series A round.

What is the total capital raised by Panax?

Panax has raised a total of $15 million across two funding rounds.