Grasp raises $7M Series A to automate financial analysis with AI agent systems

Stockholm-based Grasp has closed a $7 million Series A funding round, led by Octopus Ventures and with participation from Yanno Capital.

Founded in 2020 by former consultants Richard Karlsson, Simon Hällqvist and Johan Devér, Grasp addresses workflow inefficiencies in financial advisory services. The platform deploys AI agents to handle analytical tasks from start to finish, including gathering information, manipulating spreadsheet data, and generating presentation decks.

The system operates using a multi-agent architecture that mimics the way human analysts work. Precisely, it sources data, performs financial modelling and synthesises outputs into client-ready formats. Nearly 200 organisations currently use the platform, including global investment banks and several Big Four accounting firms.

The fresh Series A funding will enable Grasp to expand its agents' capabilities into areas such as commercial due diligence and the creation of investment memoranda. It will also support the development and commercial expansion of Grasp's AI agent platform, which is designed for use by investment banking, private equity, and management consulting firms. The company has recently opened an office in London to strengthen its presence in European financial markets, while planning to expand its technical and commercial teams.

Sources: Grasp, EU-Startups, Vestbee, Crunchbase

Founders: Richard Karlsson, Simon Hällqvist, Johan Devér