EVentures, XAnge lead $6.6m round for Apiax

Existing investors Peter Kurer, DIVentures, Swiss ICT Investor Club, Zürcher Kantonalbank and Tugboat Ventures also participated in the round.

The fresh capital will go towards strengthening product development and expanding the legal and software development teams. The company will also establish a presence in Singapore following the round.

Previous funding
The company held its first institutional funding round in 2017. Peter Kurer, DIVentures, Swiss ICT Investor Club, Zürcher Kantonalbank and Tugboat invested $1.5m in the round.

Company
Founded in 2017, Apiax converts written regulation into binary compliance rules, enabling users to automate their compliance process. The company employs 20 people in its headquarters in Zurich, and in offices in London and Lisbon.

People
Apiax – Philip Schoch (co-founder).

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