Stockholm-based Quartr extends seed round to €7 million to revolutionize investor communications
With an app that democratizes access to critical company information, Stockholm-based startup Quartr has just picked up an additional €2.5 million, taking its total seed round to about €7 million.
Inflation, market turbulence and economic pessimism are just some of the terms being thrown around at the moment. It’s an investment environment that has meant accessing company information is more important than ever. It’s critical to make informed decisions in these rollercoaster times. To make it easier to access this information, and thus empower investors to make smarter calls, whilst simultaneously providing companies with investor insights, Quartr has just announced a total seed funding round of about €7 million.
The fresh €2.5 million raise boosting the seed funding was led by existing investors The Öhman Group, with participation from Flat Capital (the investment firm of Klarna CEO Sebastian Siemiatkowski) and Centripetal Capital, in addition to existing investors Michael Batnick, Josh Brown, and Barry Ritholtz.
Based in Stockholm, Quartr was founded in 2020 by Sami Osman – an inspiring young entrepreneur we reckon has an exciting future ahead. The startup’s app is used by both investors and companies to achieve more insights and information, helping make investment decisions that are more informed and inherently better for the long run.
Quartr enables publicly listed companies to distribute information globally and reach a wider audience while delivering insights and data. With Quartr’s productivity tools, companies can stay up to date with the entire global financial market searchable. By solving the most pressing problems and owning the distribution scale, the aim is to become the home of investor communication.
The app is available for free on iOS and Android and has already over 2.5 million played events from more than 5,500 companies in 19 markets. Users are accessing valuable company information – such as earnings calls, investor presentations, PDFs of the transcripts, and earnings reports – from the likes of Apple, Meta, Spotify, Moderna, as well as all other publicly listed companies. Rather than the traditional method of dialling in live to discover company information, all data can now be found within a few clicks.
This fresh funding comes as the young startup rolls out its latest feature – Insights. This tool uses data from S&P Global to provide valuable but often inaccessible company data, including analyst estimates and financials.
It’s been an exciting journey for the Swedish team who reported over 300k downloads in 160+ countries in its first year. It also recently launched a “Search For Anything” feature, where all company transcripts worldwide on the platform are included in the same search engine, timestamped to audio so users can scroll to key moments.
Partnering with companies like US vaccine pioneer Moderna, Swedish mobile gaming giant LeoVegas and German unicorn Westwing, Quartr’s popular feature, Embedded Player, also allows companies to include their presentations on websites, articles, and blog posts.
Now, looking to the future, this seed funding will help boost the company’s aim to shake up investor relations for the better. Putting the capital to use, the team of 42 want to scale its development team and add additional products. A B2C app and B2B desktop solution are both in the pipeline.
A little progress each day adds up to big results. Congratulations to the entire team at Quartr on your funding. I wish you great success in your endeavours.Shishir Gupta, Founder and CEO, StartupLanes
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