Apiax has raised 6.6 million dollars in a Series A financing round, announced a statement. The round was led by e.ventures and XAnge, and also included previous investors Peter Kurer, DIVentures, Swiss ICT Investor Club (SICTIC), Zürcher Kantonalbank and Tugboat. The two lead investors will support Apiax with industry know-how and access to their extensive networks, according to the statement.
The Zurich startup company transforms written regulations into binary, machine-readable digital compliance rules to provide easy access to compliance knowledge. It currently focuses on financial services, but plans to expand its products into other industries.
The financing round “builds on an outstanding year for Apiax”, writes the statement. The startup has secured several key clients and built strategic partnerships. With the new funds, it now plans to drive global growth and expand its industries of focus.
“In recent months, we have created terrific momentum and a basis for international growth. With e.ventures and XAnge, we have found the perfect partners to boost our global expansion plans,” commented Nicolas Blanchard, co-founder of Apiax.
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