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Grasp secures €1.7M
15 May 2024·2 min read

Joy Laoun

News Editor, Vestbee

Swedish AI assistant for finance experts Grasp secures €1.7M to expand internationally

Grasp, a Stockholm-based AI assistant for finance experts, has secured €1.7 million from Yanno Capital and Philian Invest. The capital will be used for the startup's further global growth.

  • Founded in 2020 by Richard Karlsson, Johan Cederqvist Devér, and Simon Hällqvist, Grasp is a generative AI platform designed for financial specialists, organizing finance processes to boost employee productivity and satisfaction.
  • Grasp’s AI Assistant platform is used in 15 countries around the globe, including Sweden, the UK, Canada, and the USA. Furthermore, the startup is trusted by 25 companies, including Norva24, Altor, Artemis, Kiwa, ParkPlace, Clairfield International, Transcom, and HLP.
  • In December 2023, Grasp has reached an ARR of over €250,000.
  • The funding round received backing from Yanno Capital, a Swedish investment firm specializing in startups focused on finance, consumer tech, and B2B software, with typical investment ticket sizes ranging from €400,000 to €4 million. Additionally, Philian Invest also participated in the round.

"Grasp's solution in an elegant way solves a clear problem for a distinct group of clients on a global market. We believe that a sharp focus is the key to success for the AI companies of the future, and the team of Grasp has that,"  Founder of Yanno Capital, Anna Storåkers, stated.

  • Grasp plans to further develop its financial management AI platform and expand its operations worldwide.  

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