Panacea Financial, the financial technology company dedicated to providing world class financial services to doctors and doctors' practices, today announced that it has raised $24.5 million in Series B funding to fuel its strategic growth among the doctor community. Valar Ventures, a global venture capital fund, was the sole institutional investor in the round.

Panacea Financial Holdings 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.