Locations

PANAMA CITY

Private financing in PANAMA CITY, aggregated from public sources.

$163.5M
Capital raised
20
Companies
24
Rounds
2014
First on record
2025-04-30
Latest round

Cooling PANAMA CITY drew — over the last 12 months, down 100% versus the prior 12 ($3.3M). Of 20 companies rankable against same-niche peers, 20% model over-valued and 45% under-valued.

Capital flow over time

Quarterly capital raised in PANAMA CITY.

2014-Q2 · $2.8M2014-Q22015-Q3 · $1.0M2017-Q4 · $200K2017-Q42018-Q2 · $239K2019-Q1 · $300K2019-Q12019-Q2 · $1.7M2019-Q3 · $2.0M2019-Q32020-Q3 · $322K2021-Q2 · $40.0M2021-Q22021-Q3 · $750K2022-Q1 · $134K2022-Q12022-Q2 · $5.8M2022-Q3 · $80.8M2022-Q32023-Q1 · $18.0M2023-Q2 · $193K2023-Q22023-Q3 · $5.2M2024-Q1 · $186K2024-Q12024-Q2 · $667K2025-Q2 · $3.3M2025-Q2
Sector mix
SectorCompaniesRoundsCapital
Manufacturing12$120.4M
Other57$18.5M
Software / Tech33$18.4M
Agriculture23$2.5M
Other Health Care25$2.3M
Other Technology44$1.4M
Top-funded companies
CompanySectorRaisedModeled value
Emerald Finance International, Inc.Other$500.0M$4.5B
ReadiFuels II, LLCManufacturing$120.4M$703.4M
Sparq Labs, Inc.Software / Tech$18.0M$224.0M
Nova Technologies An Employee-Owned Engineering CoOther$2.8M$51.1M
Outlaw Inc./PanamaOther$5.6M$49.4M
Jellyfish Health, LLCOther Health Care$6.0M$25.9M
Green Coffee Co Inc.Agriculture$2.2M$21.4M
Ampleforth FoundationOther$1.7M$21.0M
Arkadiko IncOther Technology$750K$17.6M
Open Data FoundationSoftware / Tech$322K$13.2M
Pledge Finance FoundationOther Technology$425K$11.8M
G2 Works, LLCOther Health Care$5.0M$11.8M
Aori Finance Inc.Other$8.2M$10.7M
ACE Protocol FoundationOther Technology$139K$5.9M
Piece of Eight FoundationOther Technology$100K$4.2M
Panama Golden Pineapple LPAgriculture$300K$4.0M
Tru Labs Inc.Software / Tech$110K$1.7M
Parasomnia Movie, LLCOther$186K$864K
Panama City Surgery Center, LLCOther Health Care$1.3M$852K
Ahra, Llc.Other$500K$833K
Other locations
SAN FRANCISCO$186.3BNEW YORK$184.6BBOSTON$44.5BNew York$39.7BAUSTIN$29.3BCHICAGO$28.9BLOS ANGELES$27.7BCAMBRIDGE$24.7B

Browse all locations or the full company rankings.

Frequently asked
How much venture funding have companies in PANAMA CITY raised?
Companies based in PANAMA CITY have raised approximately $163.5M across 24 recorded financing rounds among 20 companies, aggregated from public sources.
Is startup funding in PANAMA CITY growing?
PANAMA CITY funding is currently cooling: capital raised over the last 12 months was down 100% versus the prior 12 months.
What sectors are most active in PANAMA CITY?
The most active sectors in PANAMA CITY by recorded financing are Manufacturing, Other, Software / Tech, Agriculture. See the sector mix table for company and round counts.
Which are the most-funded companies in PANAMA CITY?
The most-funded PANAMA CITY companies in our coverage include Emerald Finance International, Inc., ReadiFuels II, LLC, Sparq Labs, Inc., Nova Technologies An Employee-Owned Engineering Co, Outlaw Inc./Panama. See the ranked table for disclosed capital and modeled valuations.