$18m · Growth/Late · Software · Stockholm, Sweden
Quartr has closed a $18m funding round led by existing investor Altos Ventures, with SEB joining as a new investor. The Stockholm company said the capital will accelerate product development and expand its coverage of public-company information worldwide. Altos is now Quartr's largest shareholder.
First-party data as AI infrastructure
Quartr structures investor-relations material that is often scattered across company websites, calls, filings, presentations and transcripts. Its Pro product gives finance professionals an AI-assisted research workspace, while its API lets other platforms embed the same underlying data. The company says more than 800 financial institutions and technology companies use its products, and reports triple-digit growth with net revenue retention of around 120%.
That two-product model matters commercially. Pro sells a complete research workflow to hedge funds, asset managers, equity researchers and investor-relations teams. The API gives Quartr distribution through customers that want to build the data into their own tools. Both depend on the same core asset: structured material traced back to the public companies that produced it.
For AI-assisted financial research, provenance is part of the product rather than a compliance footnote. A model may make company information easier to query, but institutional users still need to check an answer against the original disclosure. Quartr's opportunity is to make that source layer broad, current and machine-readable enough to sit beneath both human research and third-party AI applications. The funding therefore supports coverage and product speed rather than a separate move into model development.
A strategic investor already inside distribution
SEB's participation also extends an operating relationship. In 2023, Quartr announced an API agreement that put earnings calls, reports and presentation materials inside SEB's platform; it also described the bank as a prominent Pro customer. The new investment does not itself prove wider bank adoption, but it connects capital from an institution that has already used Quartr as both a workflow tool and a data supplier.
The next execution test is whether expanding coverage can keep strengthening both sides of the business without weakening source quality. Broader and faster data can make Pro more useful and the API harder to replace, while embedded distribution can expose Quartr to more end users than direct software sales alone. Its reported 120% net revenue retention suggests existing customers are already expanding spend; the round gives the company more capacity to turn that expansion into a durable infrastructure position.
