Dutch-UK startup Naq secures €3M for its digital health compliance platform

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Amsterdam and London-based Naq, an automated compliance platform, announced that it has secured €3M in a fresh round of funding. The startup aims to revolutionise healthcare and medical compliance across the UK and the EU.

Prior to this, the startup secured €1.4M in a pre-seed round to revolutionise compliance and supply chain security across the UK and Europe.

Investors supporting Naq

The oversubscribed funding round came from No Such Ventures and additional support from existing investors.

Sophie Heijenberg, an investor at No Such Ventures, says, “(co-founders) 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.”

Simplifying cyber security

Founded in 2021 by Nadia Kadhim and Chris Clinton, Naq provides companies with everything they require to satisfy data compliance laws, establish a strong cyber security posture, and operationalise third-party confidence.

Over 400,000 companies, particularly in regulated sectors like healthcare, encounter obstacles in introducing innovative solutions due to strict compliance requirements. Naq’s platform addresses this challenge, providing a cost-effective alternative to traditional consultants.

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By streamlining compliance processes, ensuring data security, and saving time, Naq empowers innovators in meeting healthcare frameworks, facilitating the faster and more efficient introduction of life-saving solutions to the market.

Naq’s platform streamlines compliance and ensures secure verification of supplier compliance for NHS trusts, government departments, and enterprises in the healthcare supply chain. The startup claims that last year, its platform witnessed 300 per cent growth.

Co-founder Kadhim says, “Nearly 50 per cent 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.”

Capital utilisation

Co-founder Kadhim says, “We want to thank the team at No Such Ventures and our existing investors for their continued support and belief in Naq.”

“This latest funding round will help us accelerate our growth across the UK and Europe and further the development of our category-defining automated compliance platform.”

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Vishal Singh

Vishal Singh is a News Reporter and Social Media Marketing Lead at Silicon Canals. He covers developments in the European startup ecosystem and oversees the publication's social media presence. Before joining Silicon Canals, Vishal gained experience at the Indian digital media outlet Inc42, contributing to its growth with insightful content. Despite being a college dropout, his passion for writing has driven his career in journalism.

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