Funding

Quartr funding news – Stockholm-based Quartr Raises €5.4 Million in Funding

Oct 9, 2024 | By Startup Rise EU

Quartr funding news - Stockholm-based Quartr Raises €5.4 Million in Funding

Quartr, a software and data provider transforming qualitative public market research, has successfully raised €5.4 million in funding from Altos Ventures.

SUMMARY

  • Quartr, a software and data provider transforming qualitative public market research, has successfully raised €5.4 million in funding.
  • Quartr is a software enterprise catering to the financial industry.

Altos, a distinguished San Francisco-based venture capital firm, is recognized for its patient and long-term investment strategy. Their track record includes early investments in industry giants like Roblox and Coupang.

Due to their mutual appreciation of long-term thinking, Altos' remarkable track record, and the camaraderie between their team and it's founders, it selected Altos as a partner. In the multibillion dollar financial services sector, it's market share rise will be further accelerated by the Altos investment. Simultaneously, Altos will be appointed to it's board, enabling more strategic engagement and deeper cooperation.

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With the addition of an API, a desktop research platform, and a free mobile app, it has grown to become one of the world's leading distributors of in-depth research materials since its foundation in 2020.

The company's flagship product, Quartr Pro, has rapidly grown to be a vital resource for the corporate strategy and investor relations teams of numerous Fortune 500 firms, as well as for some of the biggest hedge funds, asset managers, and stock research departments in the world.

Oscar Küntzel, co-founder and CEO of Quartr said, “We’re very excited to partner with such a respected firm like Altos, This validates our vision and gives us a perfect partner for the long term. The capital enables us to further accelerate our growth and continue transforming how finance and IR professionals conduct qualitative public market research.”

Dillon Krasnigor, partner at Altos Ventures said, “We’re looking forward to partnering with the Quartr team for the long journey ahead. From initially being users to now proud investors, we believe the company is building a critical tool for all finance and investor relations professionals globally,”

Ho Nam, co-founder and general partner at Altos said, “After meeting the Quartr team, we were excited to learn how much philosophical overlap we share between our companies, They’re focused on building a sustainable, enduring business for the long term and have a unique appreciation for the qualitative inputs to building an impactful, global business.”

About Quartr

Quartr is a software enterprise catering to the financial industry. Through a range of services, the Quartr ecosystem provides easy access to first-party information from 10,000+ public firms for millions of investors, corporate professionals, and journalists.

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