We're excited to announce Naq's €3 Million Seed Funding!

We're thrilled to announce that Naq has successfully raised €3 million (£2.6 Million) in an oversubscribed Seed funding round led by No Such Ventures and with the continued support of our existing investors. 

Naq exists to empower healthcare innovators to bring their revolutionary solutions to market by automating their compliance with the frameworks they need to grow. 

Across the UK and EU, over 400,000 organisations in highly regulated sectors like healthcare simply cannot sell their life-changing innovations or deliver critical healthcare services without the correct compliance posture. A fundamental issue these organisations face is that while many are revolutionising healthcare delivery, how they meet compliance remains outdated, forcing them to rely on expensive and inefficient consultancy services. 

Naq's automated compliance platform simplifies the process of meeting compliance with frameworks essential to the healthcare industry across the UK and EU, including NHS DSPT, DTAC, ISO 27001, ISO 9001, ISO 13485 and more.

By eliminating over 80% of the manual compliance process, Naq enables innovators to meet continuous compliance with the regulatory frameworks needed to get their solutions to market faster while providing established healthcare organisations with a streamlined solution to manage their risk, information governance, compliance and quality requirements all in a single platform. 

In addition to streamlining compliance, Naq enables NHS trusts, government departments and enterprise organisations to reliably verify the compliance status of their suppliers, securing the entire healthcare supply chain.

In the span of just under a year since our pre-seed funding, we've witnessed a remarkable 300% growth in both our customer base and revenue, evidencing the need for our service. Our team has tripled in size, and we’ve expanded our compliance capabilities across six additional regulatory frameworks. 

Naq now enables hundreds of organisations across the UK and EU to meet the compliance requirements set by their customers seamlessly. In addition to continued support from our customers, this year, our innovative approach was recognised by Innovate UK in awarding a £460,000 grant to further streamline compliance for NHS suppliers and the organisations they supply. We're beyond proud of what we've accomplished over the last 12 months and incredibly excited to see what this year has in store. 

With this latest funding round, we're set to continue the development of our automated compliance platform, soon leveraging AI to further streamline compliance across more regulatory frameworks. This investment will also enable us to expand our incredible team with top-tier talent to support our growing user base and amplify our market presence through strategic marketing and partnership initiatives, ensuring more healthcare organisations and innovators can access our innovative compliance solution.

Though we've achieved some remarkable milestones this year, it very much feels like we're just getting started. Our heartfelt gratitude to our newest partners, No Such Ventures, our incredible existing investors, our customers, the team at Naq and everyone cheering for us on our journey. 

Nadia & Chris