On May 14, 2024, the AI financial investment advisory startup headquartered in Stockholm, Sweden,Graspannounced it had raised $1.9 million in equity financing. Investors in this funding round include Yanno Capital and Philian Invest, who together acquired slightly less than 13% equity.
The company plans to use the raised funds to accelerate the development of its artificial intelligence platform and continue its pace of global expansion.
Grasp was founded in 2020 by former McKinsey consultants Richard Karlsson and Johan Cederqvist Devér, along with AI engineer Simon Hällqvist. The company's main business is providing AI assistants based on generative artificial intelligence and language models for investment banks and management consultants to simplify complex and time-consuming tasks. Grasp is currently used by 25 companies worldwide, including companies in the United States, Canada, the United Kingdom, and Sweden, and has a five-person team. The company claims to be the world's first generative AI platform designed for financial professionals, addressing the complex needs of investment bankers and management consultants by building domain-specific AI systems and automating financial workflows, thereby significantly improving employee productivity and satisfaction.
(Source:EU-Startups）