Stockholm-based fintech Grasp, which builds an AI platform automating financial research and analysis, has secured $7 million in a Series A round led by Octopus Ventures with participation from Yanno Capital.
- Established in 2020 by Richard Karlsson, Johan Cederqvist Devér, and Simon Hällqvist, Grasp develops an AI-driven platform for financial analysis. The system is designed to automate company and market research for investment banks, private equity firms, and management consultancies.
- Grasp’s AI Analyst functions as an agent that performs tasks similar to a human analyst: it collects and verifies information from trusted sources, processes and organizes data in spreadsheets, and synthesizes insights into structured outputs such as reports or presentations.
- By integrating tool use and coding capabilities, the platform supports end-to-end workflows, enabling clients to analyze targets, generate company lists, and produce detailed investment materials more efficiently. The AI operates within a framework that maintains user control, security, and transparency, ensuring outputs are reliable and auditable.
Details of the deal
- The investment was led by Octopus Ventures, a London-based venture capital firm that backs European startups across industries including health tech, climate solutions, biotechnology, fintech, deep tech, consumer goods, and B2B software, with participation from Yanno Capital.
“Grasp is at the forefront of vertical AI in finance, having built a multi-agent system that delivers high-quality output finance professionals rely on. We’re thrilled to support a team with such deep domain expertise and a clear vision for transforming how financial work gets done," explains Rich Bolton, Investor at Octopus Ventures.
- Grasp will use the $7 million Series A funding to advance its AI Analyst, expand internationally, and grow its team. The investment supports development of new analytical capabilities, stronger data security, and broader commercial operations, including a new London office to serve its global client base.
"With this funding, we’ll accelerate product development and expand our commercial reach. Thank you to our customers, investors, and above all, our hugely dedicated and talented team. This is just the beginning,'' claims Richard Karlsson, co-founder of Grasp.
