# Pana Industries

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/pana-industries

- Industry: Travel & Leisure
- Headquarters: Denver, US
- Website: www.pana.com
- Total disclosed funding: $11M
- Latest round: Series A (Apr 29, 2019)
- Investors on record: 8

## About

Pana Industries, Inc. provides innovative technology solutions aimed at enhancing operational efficiency across multiple sectors through a comprehensive software platform that integrates advanced analytics and machine learning.Pana Industries, Inc. specializes in creating technology solutions that streamline business operations. Founded in 2015 in Denver, US, the company has undergone strategic changes including its acquisition by Coupa Software Inc. on February 1, 2021, for approximately USD 48.5 mn. The company was co-founded by Marie Mélinon, Piero Risco, Rebekah Lawrence, and Sam Felsenthal, and its CEO is Hussien Fleece. Pana Industries has successfully completed five deals to date, raising a total of USD 3.5 mn in funding.Pana Industries, Inc. primarily offers a suite of innovative technology solutions designed to enhance operational efficiency across various sectors. Their core product is a comprehensive software platform that integrates advanced analytics and machine learning capabilities to streamline business processes. This platform is tailored for industries including healthcare, logistics, and finance, addressing specific pain points such as data management, resource allocation, and decision-making processes. Since its inception, the company has targeted markets in North America, Europe, and Asia-Pacific, catering to a diverse client base that includes both small to medium-sized enterprises and large corporations. End users benefit from the platform's ability to provide actionable insights, leading to improved operational outcomes and enhanced productivity.The company generates revenue primarily through a subscription-based model, wherein clients pay for access to their software solutions on a recurring basis. Clients can opt for different pricing tiers that correspond to varying levels of service and features, ensuring a tailored fit for their specific needs. For example, larger enterprises may engage in enterprise-level subscriptions that grant access to premium functionalities and dedicated support, while smaller businesses might choose a basic tier suited to their operational requirements. Additionally, the company establishes strategic partnerships with industry stakeholders, further expanding its reach and enhancing its revenue streams. Overall, the structured transaction model facilitates a steady income flow driven by a combination of subscriptions and collaborative agreements with various partners.Pana Industries, Inc. plans to leverage its recent acquisition by Coupa Software Inc. to enhance its offerings in Expense Management and further develop its Travel Saver initiative. The company is focused on releasing new products designed to meet evolving market demands in the coming year. Additionally, Pana Industries intends to expand its presence into new geographical markets including Asia-Pacific and Europe by the end of 2022. The funding from the acquisition will be strategically utilized to support these initiatives and enhance overall operational capabilities.

## Funding rounds

- Series A, Apr 29, 2019, $10M — Bessemer Venture Partners, Techstars, Matchstick Ventures, MergeLane
- Seed, Aug 25, 2015, $1.4M — 500 Global, Techstars, Upslope Ventures, FG Angels, Flight Ventures

## Investors

- 500 Global (https://capitalatlas.ai/funds/500-global) — Seed
- Techstars (https://capitalatlas.ai/funds/techstars) — Seed, Series A
- Upslope Ventures (https://capitalatlas.ai/funds/upslope-ventures) — Seed
- FG Angels — Seed
- Flight Ventures (https://capitalatlas.ai/funds/flight-ventures) — Seed
- Bessemer Venture Partners (https://capitalatlas.ai/funds/bessemer-venture-partners) — Series A
- Matchstick Ventures (https://capitalatlas.ai/funds/matchstick-ventures) — Series A
- MergeLane — Series A