Apiax Raises $6.6 Million to Fund Swiss Regtech Startup's Global Growth
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Apiax, a Swiss regtech startup empowering enterprises with digital compliance solutions, closed a $6.6 million Series A funding round, co-led by e.ventures and XAnge. The investment will support Apiax’s global growth plans for its solution for mastering complex regulations digitally.
Apiax was founded to empower companies in major industries to focus on their core business objectives despite regulatory headwinds. The regtech startup transforms written regulations into binary, machine-readable digital compliance rules to provide everyone with easy access to compliance knowledge and to enable digital solutions to be compliant by design. The Series A financing builds on an outstanding year for Apiax, the company said in a media statement.
Apiax, which won support and training from Venture Kick in 2017, has ranked at the TOP 100 Swiss Startup Award for the past two years. Co-founder Nicolas Blanchard won a seat on the Venture Leaders Fintech roadshow to New York in 2018.
"The Venture Leaders Fintech roadshow's coaching, mentoring and network helped us decisively on our growth course," said Blanchard. "And we're proud to be among Switzerland's TOP 100 startups -- it's recognition and motivation for the whole Apiax team!"
"The Venture Leaders Fintech roadshow's coaching, mentoring and network helped us decisively on our growth course," said Blanchard. "And we're proud to be among Switzerland's TOP 100 startups -- it's recognition and motivation for the whole Apiax team!"
