Quartr, a Stockholm-based app platform that gives retail investors on-the-go access to company information – including presentations and earnings calls, raised $4.5M (approx €3.9M) in funding.
The latest funding round was led by The Öhman Group, along with the participation of prominent investors, including Michael Batnick, Ben Carlson, Josh Brown, Barry Ritholtz, and Peter Sterky.
The latest funding will enable Quartr to scale its platform and operations globally. To date, the company has raised $6M (approx €5.2M) in funding.
The Öhman Group
Founded in 1906, the Öhman Group is a family-owned financial group. The Group consists of an asset management firm Öhman Fonder managing 150B SEK (approx €15B), along with many investments in technology, real estate, and private equity.
Bridges gap between companies and stakeholders
The company was founded by Sami Osman, August Nordström, Oliver Hamrin, Oscar Küntzel, and David Dag in 2020, who all met through the Swedish financial community on Twitter.
Quatr provides a free-to-use app that allows anyone to listen to earnings calls from companies, read transcripts, reports, and other documents, enabling stakeholders to make smarter investment decisions.
Sami Osman, Quartr CEO and co-founder, says, “That’s why we’re cutting out the noise and giving anyone, regardless of their expertise, education, and network, easy access to quality insights that’s historically been walled off for retail investors. At the same time, we’re helping companies connect with more investors, expanding their reach, and providing them with valuable investor sentiment data. We’re delighted to welcome our new investors who, with their experience and contacts, will play a vital role in helping us scale globally.”
For the first time, investors are given full access and control of the content, across audio and text. Users can now sync upcoming events with their calendars so that they don’t miss future calls. The company sees its customer base as both retail investors and the companies.
Investors can also leave reactions at certain points within presentations, giving companies data on investor sentiment.
Michael Batnick adds: “Every now and then someone identifies a major pain point that suddenly seems obvious. Sometimes they go along and develop a product that will be industry-defining. Quartr has done both things already, and will undoubtedly bring investor relations into the 21st century.”
Quartr has already over 250,000 played events from more than 4,000 companies across 15 markets and has grown its team to 23 since being founded less than a year ago.