RegASK, a Singapore-based global RegTech SaaS company, today announced that it raised a $10 million Series A funding round.
The round was led by venture capital firm Monograph Capital, with participation from SPRIM Global Investments and other investors.
The funding will be used to further invest in the platform and bring RegASK to all companies seeking to strengthen their regulatory capabilities around the globe.
"The addition of Monograph Capital is strategic to RegASK's development roadmap," said Caroline Shleifer, Ph.D., CEO of RegASK. "RegASK AI-powered platform offers companies an innovative and user-friendly solution to reduce their regulatory monitoring and compliance burdens. Monograph's leadership brings deep industry understanding of the needs of life science and CRO companies"
RegASK makes regulatory information relevant, curated, and easy to access for businesses, enabling them to cut through the clutter and complexity of an ever-growing number of new regulations. It uses artificial intelligence to stay ahead of the fast-changing regulatory environment.
RegASK's technology platform routinely monitors, curates, and automatically summarizes regulations around the globe for biopharma, CROs, consumer health, medical device, and food companies. The platform further provides in-depth insights into regulations and pending regulatory changes and connects businesses with over 400 subject matter experts in 100+ countries for strategy and planning.
Company: RegASK Pte Ltd.
Raised: $10.0M
Round: Series A
Funding Month: December 2022
Lead Investors: Monograph Capital
Additional Investors: SPRIM Global Investments
Company Website: https://regask.com/
Software Category: Regulatory Compliance
About the Company: Founded in 2018, RegASK is a regtech SaaS platform that enables businesses to leverage AI to scale their regulatory and compliance capabilities. With RegASK, businesses can easily access relevant regulatory information that is automatically identified and curated. Its technology routinely monitors, anticipates, and reports updates or changes to relevant regulations, providing instant alerts. Always up to date through automatic RegAlerts™, the platform further provides instant RegInsights™ as well as access to a network of 400+ subject matter experts in over 100 countries around the world.
Source: https://www.prnewswire.com/news-releases/regask-announces-us10m-series-a-funding-round-led-by-monograph-capital-to-accelerate-its-growth-301704497.html