Quartr Raises $18 Million to Enhance Financial Data Platform
Quartr, a Stockholm-based company specializing in providing real-time structured data from public companies for AI applications, has successfully raised $18 million in its latest funding round. The round was led by Altos Ventures, with SEB joining as a new investor.
Company Background
Founded in 2020, Quartr is known for its ability to deliver structured and real-time data from public companies, which is utilized by over 700 financial institutions and AI companies globally. The company aims to facilitate comprehensive data access, enabling institutions to build upon their existing knowledge bases.
Leadership Team
Quartr's leadership includes a team of co-founders spearheaded by CEO Oscar Küntzel, COO August Nordström, Brand Strategist Oliver Hamrin, VP of Operations Sami Osman, and David Dag. Küntzel shared his vision for the company, stating, "What we want to enable is allow others to build on top of that [knowledge graph] to really know that you can get an exhaustive answer to a really complex query."
Use of Funds
The new capital injection will allow Quartr to further develop its product offerings and expand its global coverage of public company data. This expansion aligns with the company's goal to enhance its AI-powered financial data platform, thereby supporting institutional clients like hedge funds, asset managers, and technology firms.
Market Potential
With a reported triple-digit growth rate and net revenue retention of approximately 120%, Quartr is well-positioned to continue its upward trajectory in the financial technology sector. The company's innovative approach to data delivery is designed to meet the evolving needs of its diverse client base, positioning it as a key player in the market.