About Panacis
Panacis is a company based in Ottawa (Canada) founded in 2002 was acquired by Revision Military in February 2014.. Panacis has raised $1.8 million across 1 funding round from investors including Revision Military, Capital Angel Network and FedDev Ontario. Panacis operates in a competitive market with competitors including A123 Systems, Corvus Energy, Ampd Energy, Microvast and Powin Energy, among others.
- Headquarter Ottawa, Canada
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$1.8 M (USD)
in 1 rounds
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Latest Funding Round
$1.8 M (USD), Series A
Apr 23, 2013
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Investors
Revision Military
& 2 more
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Employee Count
Employee Count
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Acquired by
Revision Military
(Feb 25, 2014)
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Funding Insights of Panacis
Panacis has successfully raised a total of $1.8M through 1 strategic funding round. The most recent funding activity was a Series A round of $1.8 million completed in April 2013. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series A — $1.8M
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First Round
First Round
(23 Apr 2013)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2013 | Amount | Series A - Panacis | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Panacis
Panacis has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Revision Military, Capital Angel Network and FedDev Ontario. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early-stage investment and mentorship are provided to Canadian startups.
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Founded Year | Domain | Location | |
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It serves as a government backed investment fund focused on the economic growth of southern ontorio.
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Founded Year | Domain | Location | |
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Ballistic eyewear and head systems are supplied for military protection.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Panacis
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Panacis
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Panacis Comparisons
Competitors of Panacis
Panacis operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as A123 Systems, Corvus Energy, Ampd Energy, Microvast and Powin Energy, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Lithium-ion batteries for automotive and industrial uses are manufactured.
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| domain | founded_year | HQ Location |
Developer of energy storage systems (ESS) based on lithium NMC technology
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| domain | founded_year | HQ Location |
Developer of battery energy storage system solutions
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| domain | founded_year | HQ Location |
Lithium-ion batteries for multi-category electric vehicles are developed.
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| domain | founded_year | HQ Location |
Energy storage systems are provided for grid-level and behind-the-meter applications.
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| domain | founded_year | HQ Location |
Lithium-ion battery systems for energy storage are developed.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Panacis
Frequently Asked Questions about Panacis
When was Panacis founded?
Panacis was founded in 2002 and raised its 1st funding round 11 years after it was founded.
Where is Panacis located?
Panacis is headquartered in Ottawa, Canada. It is registered at Ottawa, Ontario, Canada.
Is Panacis a funded company?
Panacis is a funded company, having raised a total of $1.8M across 1 funding round to date. The company's 1st funding round was a Series A of $1.8M, raised on Apr 23, 2013.
What does Panacis do?
Founded in 2002 in Ottawa, Canada, advanced lithium powerpack systems are designed and manufactured for defense and aerospace sectors. These systems are applied in soldier equipment, aviation platforms, unmanned vehicles, medical devices, and off-grid energy storage. Operations emphasize compact, lightweight designs that support energy-efficient power needs in challenging environments.
Who are the top competitors of Panacis?
Panacis's top competitors include Microvast, Corvus Energy and A123 Systems.
Who are Panacis's investors?
Panacis has 3 investors. Key investors include Revision Military, Capital Angel Network, and FedDev Ontario.