Panax Raises $15M Funding for Expansion and Product Development

Panax's Funding and Expansion

Key Highlights:

• Funding: Panax, an AI-driven cash flow management platform, raised $15 million in funding.
• Investors: Backed by Team8 and TLV Partners.
• Expansion Plans: Funds will be used to scale sales and support teams, establish a New York City office, and enhance product development resources.

Panax's Target Market

• Mid-Market and Large Companies: Targeting organizations in the mid-market and large company segments that require advanced cash flow management solutions.
• Finance and Treasury Departments: Providing tools and insights to finance teams for improved cash flow control and decision-making.
• Organizations Seeking Automation: Offering AI-driven automation and insights to optimize liquidity and increase operational efficiency.

What Panax Needs to Buy

• Sales and Support Resources: Expanding sales and support teams to meet growing customer demand and provide excellent customer service.
• Office Space and Infrastructure: Establishing a New York City office to enhance presence and accessibility for U.S. customers.
• Product Development Expertise: Investing in product development resources to enhance the cash flow management platform and stay ahead of market trends.

Sorted raises £1.65M in Seed Funding for Recycling Tech

Summary: Sorted, a recycling tech startup based in the UK, recently secured £1.65M in seed funding to revolutionize waste management and recycling. Their AI-powered sorting solutions aim to improve the efficiency of recycling processes and contribute to a more sustainable future.

Funding Amount: £1.65 million

Industry: Software Development

Employee Count: 51-200

CEO: Carmen Carey (CEO Linkedin)

What Sorted needs to buy: Sorted is seeking partnerships with waste management companies, recycling industry leaders, and environmental organizations. Companies specializing in AI technology, sustainability solutions, and waste management systems are ideal partners to support Sorted's expansion plans and drive innovation in the recycling industry.