The top 10 RegTech deals in Europe raised $780.1m in 2019, with five of these transactions being raised by UK based companies (Privitar, Tessian, Onfido, ContractPodAi, and Snyk).
Snyk, a UK open-source security platform, raised $70m in a series B round led by Accel in September 2019, which was the largest UK RegTech transactions that year. The company is set to use the investment to fund its growth plans, which consist of global expansion, product development, and investment into communities to provide more security solutions to business and development teams.
Signavio, a German business transformation solutions company, raised $177m in a series C round led by Apax Digital in July 2019, which is the largest European RegTech deal last year. The company will use the funding to speed up their international expansion and to continue investing in their product suite. Signavio currently has nine offices globally with plans to expand into India and Japan.
While France and UK dominate the list of top RegTech deals in Europe, there are three other countries represented in Germany (Signavio), Switzerland (Acronis), and Cyprus (AU10TIX).
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