Quartr, a Stockholm, Sweden-based provider of an app that gives retail investors on-the-go access to company information – including presentations and earnings calls, raised a $4.5M in seed funding.
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.
The company 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 around the world.
Co-founded by Sami Osman, CEO, August Nordström, Oliver Hamrin, Oscar Küntzel, and David Dag, Quatr provides a free-to-use app that allows anyone to listen to earnings calls from Spotify, Snap, Facebook, Tesla, and many others, and read transcripts, reports and other documents, enabling them to make smarter investment decisions.
Investors can also leave reactions at certain points within presentations, giving companies data on investor sentiment.
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.