Sweden’s Quartr takes 3.9 million euros to bridge the gap between companies and stakeholders; here’s how
Quartr, a Stockholm-based app platform that gives private investors on the go access to company information – including presentations and profit talks, raised $ 4.5 million (approximately EUR 3.9 million) in financing.
The most recent round of financing was led by The Öhman Group, with the participation of prominent investors, including Michael Batnick, Ben Carlson, Josh Brown, Barry Ritholtz and Peter Sterky.
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The latest funding will enable Quartr to scale its platform and operations globally. To date, the company has raised $ 6 million (approximately $ 5.2 million) in financing.
Öhmangruppen
Öhman Group was founded in 1906 and is a family-owned financial group. The group consists of an asset management company Öhman Fonder, which manages SEK 150 billion (approximately EUR 15 billion), together with many investments in technology, real estate and private equity.
Bridges the gap between companies and stakeholders
The company was founded by Sami Osman, August Nordström, Oliver Hamrin, Oscar Küntzel and David Dag 2020, who all met through the Swedish financial world on Twitter.
Quatr provides a free app that lets anyone listen to corporate profit calls, read printouts, reports and other documents, enabling stakeholders to make smarter investment decisions.
Sami Osman, Quartr’s CEO and co-founder, says: “This is why we reduce noise and give anyone, regardless of their expertise, education and network, easy access to quality insights that have historically been shielded for private investors. At the same time, we help companies to get in touch with more investors, expand their reach and provide them with valuable information on investor sentiment. We are pleased to welcome our new investors who, with their experience and contacts, will play an important role in helping us grow globally. ”
For the first time, investors are given full access and control over the content, over audio and text. Users can now synchronize upcoming events with their calendars so they do not miss future calls. The company sees its customer base as both private investors and companies.
Investors can also leave reactions at certain points in presentations, giving companies information about investor sentiment.
Michael Batnick adds: “Every now and then someone identifies a serious pain point that suddenly seems obvious. Sometimes they go along and develop a product that will be industry-defining. Quartr has already done both and will undoubtedly bring investor relations into the 21st century. . “
Quartr already has over 250,000 played events from more than 4,000 companies in 15 markets and has expanded its team to 23 since it was founded less than a year ago.
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