Grasp Raises $7M To Expand Its AI Finance Platform Globally

Founded in 2020 by ex-McKinsey consultants Richard Karlsson and Johan Devér along with former Ericsson AI engineer Simon Hällqvist, Grasp’s proprietary platform connects multiple AI agents to domain-specific tools and datasets.

The system helps finance professionals identify relevant companies, generate insights and create investor-ready materials like spreadsheets and presentations significantly reducing manual work and boosting productivity.

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With the global investment banking and consulting market worth $1.4 trillion annually, Grasp aims to transform how analysts and consultants work by automating complex, time-intensive processes.

Richard Karlsson, CEO and co-founder of Grasp, shared the idea behind the company: At McKinsey, we spent over 90% of our time on manual work - reading reports, building excel models, creating presentations. Together with Simon, who brought critical AI expertise from Ericsson, we realised AI had the potential to completely transform this $1.4 trillion market of human-intensive finance work. Five years later, we're proving this thesis.

While AI initially boomed in text-centric fields like law, recent advances have finally enabled AI agents to tackle complex, multimodal tasks prevalent in finance. Now, with Octopus Ventures joining our journey, we're excited to continue expanding our rapidly growing customer base.

In the past year, Grasp has achieved 3.5× ARR growth and now serves nearly 200 customers across 30 countries, including several of the Big Four consulting firms. The new funding will be used to expand its product capabilities and strengthen sales operations to support global growth.

About Grasp

Grasp is an AI-powered platform built for finance professionals, automating company and market research for investment banks, private equity firms, and consultants. Using domain-specific generative AI, Grasp streamlines analysis, reduces manual work, and delivers actionable insights faster redefining how financial research and advisory workflows are executed.