Quartr, a software program and information supplier revolutionizing qualitative public market analysis for finance and investor relations (IR) professionals, introduced the closing of a €5.4 million funding from Altos Ventures.
Altos is a extremely esteemed San Francisco-based enterprise capital agency identified for its uncommonly affected person method to constructing firms over the long run, main them to turn out to be early buyers and main shareholders of profitable firms similar to Roblox and Coupang.
Quartr selected Altos as companion on account of their shared perception in long-term considering, Altos’ distinctive observe report, and the private chemistry between their workforce and the founders of Quartr. The Altos funding will additional speed up Quartr’s market share development within the multi-billion-dollar monetary providers trade. Concurrently, Altos will sit on Quartr’s board, permitting for deeper collaboration and strategic involvement.
Since its founding in 2020, Quartr has emerged as one of many largest distributors of IR materials globally, providing a free cell app, a analysis platform constructed for desktop use, and an API. The corporate’s flagship product, Quartr Professional, has shortly turn out to be an indispensable software for a number of of the biggest hedge funds, asset managers, and fairness analysis departments globally, in addition to the IR and company technique groups of a number of Fortune 500 firms.
“We’re very excited to companion with such a revered agency like Altos,” stated Oscar Küntzel, co-founder and CEO of Quartr. “This validates our imaginative and prescient and offers us an ideal companion for the long run. The capital permits us to additional speed up our development and proceed reworking how finance and IR professionals conduct qualitative public market analysis.”
“We’re wanting ahead to partnering with the Quartr workforce for the lengthy journey forward. From initially being customers to now proud buyers, we imagine the corporate is constructing a important software for all finance and investor relations professionals globally,” stated Dillon Krasnigor, companion at Altos Ventures.
“After assembly the Quartr workforce, we had been excited to find out how a lot philosophical overlap we share between our firms,” stated Ho Nam, co-founder and normal companion at Altos. “They’re centered on constructing a sustainable, enduring enterprise for the long run and have a novel appreciation for the qualitative inputs to constructing an impactful, world enterprise.”
Acknowledged as one in every of Quick Firm’s Most Progressive Firms in private finance in 2024, Quartr is main the cost in reworking qualitative public market analysis.
