Stockholm-based Quartr, a leading provider of first-party data for the financial sector, has successfully closed an $18 million funding round. The investment was led by existing backer Altos Ventures and will be used to accelerate product development and expand global data coverage. This capital injection underscores the growing demand for reliable, AI-ready financial information in a rapidly evolving market.
Investor Confidence and Company Growth
The funding round elevates Altos Ventures to the position of Quartr's largest shareholder, signaling strong confidence in the company's future. New investor SEB also participated, further validating the firm's strategic direction and market potential. This significant backing from both new and existing partners highlights the company's robust standing within the investment community.
Quartr has demonstrated impressive business momentum, reporting triple-digit growth rates and strong unit economics. The company boasts a net revenue retention rate of approximately 120%, indicating high customer satisfaction and value. Its client roster includes some of the world's largest hedge funds, asset managers, and technology firms, including four of the top five global hedge funds.
Powering Financial Research with AI
Founded in 2020, Quartr provides AI infrastructure for company research built on structured, real-time investor relations data. The company serves over 800 institutions through its two core offerings: Quartr Pro and Quartr API. These products deliver critical information from more than 15,000 public companies across over 65 global markets.
Quartr Pro is an AI-powered platform that allows financial professionals to efficiently search through earnings calls, filings, and presentations. Meanwhile, the Quartr API acts as a data backbone, feeding structured audio, transcripts, and documents into other platforms. This dual approach serves both end-users performing research and developers building new financial applications.
Strategic Vision and Market Positioning
The fresh capital is earmarked for enhancing product capabilities and expanding data coverage rather than pivoting to new business lines. CEO Oscar Küntzel emphasized the goal of enabling others to build upon Quartr's knowledge graph for complex queries. This focus is intended to keep pace with the industry's rapid shift toward artificial intelligence.
Quartr aims to establish the definitive first-party data layer for both human analysts and AI systems. By focusing exclusively on primary source materials from public companies, it ensures data integrity and reliability. This strategy positions the company to lead in a multi-billion-dollar market increasingly reliant on high-quality, AI-ready data.
This $18 million investment marks a pivotal moment for Quartr, providing the necessary resources to solidify its market leadership. The funding will fuel continued innovation and expansion, ensuring the company remains at the forefront of the financial data industry. As demand for AI-driven insights grows, Quartr is well-positioned to become an indispensable tool for global finance.