Swedish fintech raises €1.7 million to expand its AI platform for investment banks and management consultants
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Stockholm-based Grasp, an AI assistant for investment banks and management consultants, has secured €1.7 million in funding from investors Yanno Capital and Philian Invest, giving them a combined ownership stake of nearly 13%. This funding will help Grasp enhance its AI platform and expand its global presence. Grasp’s platform uses advanced AI and language models to simplify complex tasks for professionals in the investment banking and consulting industries. Since its launch in December 2023, Grasp has gained customers in 15 countries, including the USA, Canada, the UK, and Sweden.
Grasp is revolutionizing the financial advisory industry by harnessing the power of AI to automate and enhance cognitive tasks traditionally performed by humans. With a focus on the trillion-dollar financial advisory sector, Grasp aims to significantly improve productivity by streamlining manual and repetitive work. Their platform, launched as a SaaS solution in 2023, leverages domain-specific AI systems and integrates them with trusted tools and data, offering a level of intelligence that surpasses human capabilities.
Founded by Richard Karlsson, Simon Hällqvist, and Johan Cederqvist Devér, Grasp’s leadership team brings a wealth of experience from prestigious organizations like McKinsey and Ericsson, positioning the company at the forefront of innovation in the financial advisory space. The platform has quickly gained traction and is currently used by organizations in 15 countries worldwide, including the USA, Canada, the UK, and Sweden.
Richard Karlsson, CEO of Grasp, says, “We are pleased to welcome Yanno Capital and Philian Invest to Grasp. Since we launched our AI platform in December, we have grown incredibly fast and have reached an ARR of over 3 million SEK. We are now ready to take the company into the next phase of expansion. Anna and Nicklas have experiences in scaling tech companies within the financial sector that are unmatched by many in the world, and we see them as the perfect partner on our journey.”
Anna Storåkers, founder of Yanno Capital, states, “We are happy to collaborate with Grasp and support the company in its expansion. Their product valuably solves problems for a clear customer group on a global market. We are convinced that a clear focus is the key to building successful and competitive AI companies, and this is something that the team at Grasp has.”
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