Summary
Quartr, an AI infrastructure provider for institutional finance and company research, raised $18 million in new funding to accelerate product development and broaden global coverage of first-party investor relations data. The round was led by existing investor Altos Ventures, with new investor SEB participating — making Altos Quartr's largest shareholder. Quartr is growing at triple-digit rates with ~120% net revenue retention, serving hedge funds, asset managers, and technology companies; more than 800 financial institutions and tech businesses use its products.
Key Facts
- $18M raise led by Altos Ventures; SEB (new investor) participating
- Altos Ventures becomes Quartr's largest shareholder
- Growing at triple-digit rates; ~120% Net Revenue Retention
- Customers: hedge funds, asset managers, technology companies; 800+ financial institutions and tech firms
- Provides real-time, structured investor relations data from live public company events
- Products: Quartr Pro (AI research platform) and Quartr API (data infrastructure)
- Used by financial professionals (AI research) and businesses building on financial data
- Plans: faster product development, broader first-party IR data coverage
Why It Matters
Quartr's raise underscores the surging demand for machine-readable, first-party financial data as AI-powered research tools become standard across institutional finance. With real-time structured IR data and an API, Quartr sits at the intersection of AI research and financial data infrastructure. The backing of SEB (a major Nordic bank) alongside Altos signals growing institutional interest in the AI-financial-data stack, where accurate, structured data is a prerequisite for reliable AI-driven analysis and investment decisions.