MAQS advises Bits Technology in capital raise

MAQS has advised Bits Technology in connection with the company’s successful capital raise. Bits secured EUR 12 million in an investment round led by the German venture capital fund Alstin Capital, with participation from German Cherry Ventures, Alliance Ventures and Unusual Ventures based in Silicon Valley, as well as Haval Van Drumpt, CEO for Tre Sverige. 

Bits Technology is a Swedish company that provides a platform which collects the tools and data sources companies need to control and assess risks of potential business customers. This is particularly important and relevant for financial companies in their work to prevent money laundering and ensure regulatory compliance.

The MAQS team was led by Sara Malmström and Joel Lundgren.