Naq Raises $5.1 Million Series A to Simplify Regulatory Compliance

Naq, a company specializing in compliance solutions for small and medium-sized enterprises, has raised $5,100,000 in investment capital from investors. This funding round is set to bolster the company's operations and support its strategic growth initiatives as it continues to expand its reach across the UK and Europe. Naq empowers SMEs operating in highly regulated industries across the UK and Europe. Its platform is designed to simplify and automate cybersecurity, compliance, and due diligence processes. By doing so, Naq assists businesses in meeting the complex requirements stipulated by their customers, industry regulators, and the sectors in which they operate. The platform specifically addresses frameworks such as GDPR, ISO 27001, NHS DSPT, DTAC, and ISO 13485, enabling SMEs and innovators to navigate intricate compliance demands and accelerate their market entry and growth. This significant capital infusion will enable Naq to enhance its platform capabilities and extend its market presence. The company plans to use the funds for growth initiatives, focusing on further developing its technology to meet evolving compliance needs and expanding its reach to support more businesses. This investment underscores the increasing demand for streamlined compliance solutions in a complex regulatory landscape and for companies aiming to close deals faster and accelerate customer trust. The newly secured funding positions Naq to further scale its operations and solidify its role as a key enabler for SMEs striving for growth within regulated environments. The company aims to continue assisting businesses across the UK and Europe in automating their compliance through robust, automated solutions.