Naq secures £2.6m from No Such Ventures to expand compliance platform
The oversubscribed round was led by No Such Ventures to accelerate growth across the UK and Europe.
Naq operates an automated digital health compliance platform designed for companies in regulated sectors. The business helps innovators navigate complex regulatory frameworks across the UK and the European Union.
Naq has secured £2.6m in an oversubscribed funding round led by No Such Ventures, with additional participation from existing backers. The capital will support the company as it expands its footprint across the UK and Europe and continues to develop its automated compliance technology. This follows a period of rapid expansion over the preceding twelve months, during which the firm experienced strong growth across the digital health market.
From the founder
"Nearly 50% of healthcare solutions fail to make it to market due to the complex regulatory and compliance challenges they face. Those who choose to take on this complexity face overwhelming amounts of manual work and huge sums spent on consultants. That’s why we built Naq: to empower innovators in the UK and Europe to bring their solutions to market by simplifying their compliance with the frameworks required to operate in the healthcare sector."
Nadia Kadhim
CEO and co-founder at Naq
Investor perspective
"Nadia and Chris’ expertise within the compliance market stood out for us. Their product is intuitive and gets amazing customer feedback. We are excited to join Naq on its stellar growth trajectory."
Sophie Heijenberg
investor, No Such Ventures
Use of funds
- 01Expand into international markets
- 02Continue product development