Quartr raises USD 10 million to drive global expansion and product development
New York & Stockholm – Quartr, the platform for qualitative public market research, has raised USD 10 million in a new funding round to accelerate its growth and product development. The round was backed entirely by existing investors Altos Ventures, Yanno Capital and Öhman, signalling strong confidence in the company’s strategy and long-term potential.
– Demand has exceeded our expectations and we are investing faster than planned. We are taking market share in a multi-billion industry that is changing rapidly, and the AI boom is accelerating that development, says Oscar Küntzel, co-founder and CEO of Quartr.
– Quartr has mission-driven founders who are building something essential with focus and a long-term view. They deliver real value to some of the world’s most sophisticated companies, says Ho Nam, co-founder and general partner at Altos Ventures.
Global expansion
Quartr has tripled its ARR in a year and opened new offices in New York and Dublin to better serve enterprise customers and recruit top talent. Demand for structured first-party data from listed companies is growing rapidly, partly driven by developments in large language models (LLMs).
Customers now include three of the world’s five largest hedge funds (measured by AUM) and two of the so-called “Magnificent 7” companies as API partners.
– Our rapid growth, high customer loyalty and rising average contract values show the value we deliver to the world’s most advanced finance and tech companies, concludes Oscar Küntzel.
Source: Quartr’s website.
