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 Panacea Financial Raises $24.5M Series B to Fuel Strategic Growth

Jan 16, 2024•over 1 year ago

Amount Raised

$24.5 Million

Little RockFinancial Services

Investors

Valar Ventures

Description

Panacea Financial announced a $24.5 million Series B funding round led by Valar Ventures, to fuel its strategic growth among the doctor community.

Company Information

Company

Panacea Financial

Location

Little Rock, Arkansas, United States

About

Panacea Financial Holdings, Inc., is a financial technology company founded by Michael Jerkins, MD. M.Ed., Ned Palmer, MD, MPH, and Tyler Stafford, CFA, dedicated to providing world class financial services for physicians, dentists and veterinarians through all stages of their training and practice. Through the Panacea Financial Foundation, its nonprofit arm, the Company is dedicated to expanding ethnic and racial diversity within the medical field, providing more than $200,000 in scholarships and grants to underrepresented minority medical students, residents and fellows. For more information, visit PanaceaFinancial.com. Follow Panacea Financial on Instagram, Facebook, Twitter and LinkedIn.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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