Stockholm company Grasp, one of the world's first AI assistants for investment banks and management consultants, has raised €1.9 million from investors including H&M Chairman Karl-Johan Persson’s Philian Invest.
Grasp was founded by former McKinsey consultants Richard Karlsson and Johan Cederqvist Devér, along with AI engineer Simon Hällqvist. Grasp’s AI platform uses generative AI and language models to streamline complex and time-consuming tasks currently performed by investment banks and management consultants. Grasp is currently used by 25 companies worldwide.
Richard Karlsson, CEO of Grasp, comments:
"We are pleased to welcome Yanno Capital and Philian Invest to Grasp. Since we launched our AI platform in December, we have grown incredibly fast and have reached an ARR of over 3 million SEK. We are now ready to take the company into the next phase of expansion.
Anna and Nicklas have experiences in scaling tech companies within the financial sector that are unmatched by many in the world, and we see them as the perfect partner on our journey."
Anna Storåkers, founder of Yanno Capital, comments:
"We are happy to collaborate with Grasp and support the company in its expansion.
Their product valuably solves problems for a clear customer group on a global market.
We are convinced that a clear focus is the key to building successful and competitive AI companies, and this is something that the team at Grasp has."
The investment will be used to accelerate the development of Grasp’s AI platform and continue its global expansion.
Lead image: Johan Cederqvist, Simon Hällqvist , and Richard Karlsson from Grasp AI. Photo: uncredited.
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