Automated Digital Health Compliance Platform Naq Secures £2.6 Million Funding to Enhance Healthcare Compliance in the UK and EU
Introduction
In a monumental development for the healthcare industry, Naq, a pioneering automated digital health compliance platform, has secured a substantial £2.6 million funding to bolster healthcare and medical compliance efforts across the United Kingdom and the European Union. This funding round, which surpassed its target, attracted investment from No Such Ventures, along with continued support from existing investors.
Addressing Challenges in Highly Regulated Sectors
Founded by Nadia Kadhim, a remarkable GDPR Lawyer and Forbes 30 under 30 winner, and Chris Clinton, a cybersecurity expert with experience at NATO and BAE Systems, Naq is a London-based start-up with a noble mission: to address the challenges faced by over 400,000 companies operating in highly regulated sectors, particularly healthcare, in bringing innovative solutions to the market. These companies often encounter stringent compliance and regulatory requirements that hinder their progress.
Revolutionizing Compliance Processes
Naq’s automated compliance platform is a game-changer, empowering innovators to comply with essential healthcare frameworks that are critical for their growth. This platform streamlines the compliance process, ensuring the security of healthcare data, saving time, and accelerating the introduction of groundbreaking solutions to the market.
Benefits for NHS Trusts, Government Departments, and Enterprise Organizations
In addition to streamlining compliance for healthcare innovators, Naq’s platform offers significant advantages to NHS trusts, government departments, and enterprise organizations. It enables them to verify the compliance status of their suppliers, ensuring that they meet the necessary regulatory standards.
Impressive Growth and Recognition
Naq has experienced remarkable growth over the past 12 months, expanding by an impressive 300%. Its innovative platform enables health and medtech innovators to fulfill compliance requirements for working with the healthcare sector across the UK and EU. This approach has garnered substantial recognition, including a prestigious £460,000 Smart Grant from Innovate UK. This grant will further enhance Naq’s capabilities, particularly in leveraging AI to streamline compliance for NHS suppliers.
Quotes from Key Figures
Nadia Kadhim, CEO and co-founder of Naq, expressed her gratitude for the funding and the belief in Naq’s mission: “We are immensely grateful to the team at No Such Ventures and our existing investors for their unwavering support and belief in Naq. This latest funding round will propel our growth across the UK and Europe, enabling us to further develop our groundbreaking automated compliance platform.”
Sophie Heijenberg, investor at No Such Ventures, praised Naq’s expertise and product: “Nadia and Chris’s profound expertise within the compliance market immediately stood out to us. Their product is incredibly intuitive and consistently receives amazing customer feedback. We are thrilled to join Naq on its stellar growth trajectory.”
Conclusion
Naq’s success in securing £2.6 million in funding underscores the growing need for automated compliance solutions in the healthcare industry. The platform’s ability to streamline compliance processes, secure healthcare data, and accelerate the introduction of innovative solutions positions Naq as a key player in the healthcare compliance landscape.