Quartr, the app that gives investors easy on-the-go access to company information, has raised a $4.5 million seed round from some of the biggest names in financing.
The round was led by The Öhman Group with prominent investors including Michael Batnick, Ben Carlson, Josh Brown, Barry Ritholtz as well as Peter Sterky (CEO of Trift Capital and former Spotify COO and CFO) also participating.
Founded less than a year ago, and already employing a team of 23 people, the Stockholm-based startup solves a big problem for investors and companies alike, offering the first digital platform for investors looking to make better decisions, while serving companies with the insights they need to improve their communications.
The company has already over 250,000 played events from more than 4,000 companies across 15 markets. It recently launched a new feature that lets users highlight and guide other investors to specific points of interest within its audio content.
Quartr will use the funding to scale its platform and operations globally, bolstering its B2B division so that companies can use the platform to connect and get feedback from investors located in over 150 markets around the world.
For Investors - Smarter Decisions And Unprecedented Access
Company events, such as earnings, represent a critical opportunity for investors to gain key insights on a company, but finding relevant information and connecting with companies is time-consuming, one-way, expensive, and still predominantly analogue.
With Quartr, users can see the latest investor presentations that have taken place globally and listen in or read up, whenever and wherever they want. For the first time, investors are given full access and control of the content, across audio and text. Users can access PDFs of the transcripts, presentation slide decks, and earnings reports, ‘favourite’ certain companies, and sync upcoming events with their calendar so that they don’t miss future calls.
For Companies - Increased Investor Reach and Ability to Gauge Sentiment
Quartr gives companies unprecedented reach by providing access to existing and potential investors, without any additional production costs.
With the app’s recently revamped player, investors can leave reactions and guide others to the most valuable sections of the presentations. This also gives companies crucial data on investor sentiment, which can be paired with other metrics from the Quartr Analytics dashboard to help them better understand investors and more effectively iterate on their future communications.
“We’re on a mission to make every interaction between companies and investors meaningful, and want to become the golden standard for how they communicate,” comments Sami Osman, Quartr CEO and co-founder, who founded the startup alongside August Nordström, Oliver Hamrin, Oscar Küntzel, and David Dag, who all met through the Swedish financial community on Twitter.
“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.”
Johan Malm, CEO at The Öhman Group, commented: “Quartr is transforming the way companies and investors interact with one another. We have been very impressed by the pace at which they have grown, and with such a visionary leadership team at the helm, we look forward to their global expansion. We are delighted to join them on their journey.”
Michael Batnick, added: “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.”