Grasp Raises €1.7 Million in Funding

by Kay Aloha Villamor in May 15th, 2024

Grasp, a Stockholm, Sweden-based AI assistant for investment banks and management consultants, has raised €1.7 million in funding. 


The investment was from Yanno Capital and Philian Invest. 

Yanno Capital is an investment company that focuses on Fintech, Consumer Tech, and B2B Software across all investment stages. The firm invests from seed rounds in start-ups to growth rounds. Founded in 2023, it is based in Stockholm, Sweden. 

Philian Invest is an investment firm based in Stockholm, Sweden. Philian is an investment vehicle owned and used by Karl-Johan Persson. 

Grasp Use of Funds 

The company will utilize the funds to accelerate the development of its AI platform and fuel its global expansion. 

About Grasp

Grasp provides an AI platform for the financial advisory industry. The company leverages proprietary generative AI and language models to streamline complex tasks for investment bankers and management consultants. Grasp has served 25 companies across 15 countries, including the USA, Canada, the United Kingdom, and Sweden.  

Funding Details 

Company: Grasp Research AB 

Raised: €1.7M 

Round: Unknown 

Funding Month: May 2024 

Investors: Yanno Capital and Philian Invest 

Company Website: 

Software Category: AI Assistant 


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