RegTech Naq nabs €3m in oversubscribed round

European company Naq has raised €3m ($3.4m) in a funding round to support the development of its automated compliance platform, used particularly in the healthcare sector. Naq’s platform simplifies compliance processes for healthcare companies, reducing costs and the use of consultants. In addition, it verifies the compliance status of suppliers, enhancing the security of the healthcare supply chain. The funding round was oversubscribed, with notable investment from No Such Ventures. The money will be used to support Naq’s expansion in the UK and Europe, where it aims to make solutions available to innovators operating in the healthcare sector.