Grasp, a Stockholm, Sweden-based AI assistant for investment banks and management consultants, has raised €1.7 million in funding.
Investors
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: https://www.grasp-ai.com/
Software Category: AI Assistant
Source: https://www.eu-startups.com/2024/05/stockholm-based-grasp-raises-e1-7-million-for-expansion-of-its-ai-assistant-for-the-finance-industry/