Apiax supports financial services providers with digital compliance solutions. The company acquired its first customer in Germany and opened a subsidiary in Frankfurt to better serve the market.
The Futury Regio Growth Fund works with international investors to support Apiax’s growth path.
This expansion was a great year for Apiax, which allowed it to acquire new customers and strategic partners and further strengthen its position in the market despite its disadvantages.
Benjamin Krahmer, Managing Director of Futury, said: Apiax has created an excellent foundation for further growth with existing clients, partnerships and projects. We look forward to working with the team and the founders. “
The Frankfurt-based Future Regio Growth Fund, along with leading international investors, supports Apiax with capital and expertise to further accelerate its growth plans and serve customers directly in the field. Apiax has already opened an office in Frankfurt for this purpose. This extension follows existing initiatives in the United Kingdom and Singapore.
By establishing a subsidiary of Apiax in Frankfurt, this investment will create future-proof jobs and strengthen Hessen’s financial center.
Nicolas Blanchard, co-founder of Apiax, said: “We are confident that the German financial center is strategically important to us and will be even more important in the future. Futury has found the perfect partner to drive our expansion plans in Germany.”
Follow-up funding will take over the first Series A round. All previous investors are also involved in the new funding round. These include XAnge, e.ventures, Peter Kurer, DIVentures, SICTIC, Zürcher Kantonalbank, and Tugboat.
Apiax raises new capital to enter the German market
Source link Apiax raises new capital to enter the German market