Quartr, a Swedish Fintech, has added $2.6 million to its seed round to bring the total to $7.1 million.
Quartr is a platform that helps manage investor relations for publicly listed firms. 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, Quartr will be the new home of investor communication.
The funding was led by The Öhman Group, with participation from investors including Flat Capital (the investment firm of Klarna CEO Sebastian Siemiatkowski), and existing investors Michael Batnick, Josh Brown, and Barry Ritholtz.
Quartr notes that its app is available for free on iOS and Android. Users may access company information – such as earnings calls, investor presentations, PDFs of the transcripts, and earnings reports from many well known firms.
Quartr reports over 300,000 downloads in over 160 countries in its first year.
For investors, it can serve as a hub for information and interaction. For publicly listed firms, Quartr can distribute information at scale.
Sami Osman, Quartr CEO and co-founder, explains the value of being able to access any company call or document within a few seconds. He envisions Quartr as the new home of company communications:
“We are proud to introduce the participation of several high-profile investors who all started as Quartr users. Although the consumer value proposition is somewhat proven by attracting more than 300,000 users in our first year – many IR managers and consultants are now seeing what we’re building for companies and want to invest. With product leading our growth, this capital will almost exclusively go towards recruitment of tech talent to serve the problems our customers are experiencing. With so many trillions of dollars circulating in the financial industry, it’s fascinating to see how far left behind the user experience of some existing tools still are.”
Johan Malm, CEO at The Öhman Group – a family owned firm that manages around €15 billion, sees Quartr revolutionizing the investment process at both ends:
“The company is providing a truly unique service to the investment world, and it’s been exciting to be a part of it. We have been so impressed with their growth and leadership so far and are delighted to continue our journey with them.”