Techarenan Challenge finalist Quartr extends its seed round to $7.1 million
Swedish startup Quartr has raised an additional $2.6 million to bring its total seed round funding to $7.1 million. The app gives anyone access to critical company information like conference calls, transcripts, slide decks and reports.
The company says their app was downloaded more than 300,000 times in its first year in more than 160 countries. Quartr was also a finalist in Techarenan Challenge this month.
Quartr says this funding comes at a crucial time for investors. The market downturn makes access to investment information more critical than ever before.
“By being able to access any company call, document, or other data points within a few seconds, we are seeing a considerable proportion of institutional investors signing up on Quartr as their new go-to-place on mobile,” Quartr CEO and Co-Founder Sami Osman said.
Quartr is also rolling out its latest Insights feature, using data from S&P Global to provide company data like analyst estimates and financials.
The company says they’re using the new funding to scale its development team and additional products, including a B2C app and a B2B desktop solution.
“With product leading our growth, this capital will almost exclusively go towards recruitment of tech talent to serve the problems our customers are experiencing,” Osman said.
The Öhman Group led the funding round with participation from Flat Capital and Centripetal Capital.
The company says several more high-profile investors are involved, including Michael Batnick, Josh Brown, and Barry Ritholtz. Previous investors include Peter Sterky and Dan Castillo.
“Quartr is revolutionizing the investment process at both ends, reshaping the communications and decision-making of both companies and investors,” Öhman Group CEO Johan Malm said.
The company says Quartr has over 2,500,000 played events from over 5,500 companies in 19 markets. Users can access company information from Apple, Meta, Spotify, Moderna, and all other publicly listed companies.
“Owning the scale of distribution will make Quartr the new home of company communication, with millions of investors researching companies every day,” Osman said.
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