With €6 million in the bag, Stockholm’s Grasp looks to enhance productivity tools for financial analysts and consultants

Stockholm-based AI startup Grasp has secured €6 million in Series A funding to enhance its productivity tools for financial analysts and consultants, demonstrating continued investor confidence in AI-driven solutions for the financial sector. The round was led by Octopus Ventures, with participation from existing investor Yanno Capital, bringing the total funding to €7.7 million. Grasp is also opening its first international office in London, signaling expansion plans. Grasp's platform leverages multi-agent AI systems to automate complex tasks, such as generating presentations and building financial models. Founded in 2020 by former McKinsey consultants and an Ericsson AI engineer, the company focuses on serving investment banks, management consultants, and private equity firms across 30 countries. Grasp, with its 25 employees located in Stockholm and London, has experienced significant growth, posting 3.5x ARR growth over the past 12 months, with almost 200 customers, including most of the Big Four consulting firms. The funding underscores a broader trend of investment in AI-driven solutions within Europe. Similar funding rounds have been secured by other European AI startups. This includes Light in Denmark, Finary in France, Saturn in London, and EvoluteIQ in Sweden, all focusing on AI applications for finance. These companies are applying multi-agent and automation technologies to reshape finance and consulting workflows, making Sweden a notable hub for innovation. Grasp's expansion plans, supported by the new funding, involve growing its product and sales teams. The platform aims to connect specialized AI systems with trusted tools and datasets, improving output quality and reducing manual tasks, thus demonstrating a shift towards AI-powered solutions in the finance industry.