Quartr raises $18m as Altos Ventures becomes its largest shareholder
SEB joins the round backing the company’s data and AI research products for institutional finance.
An existing backer increases its stake
Altos Ventures led the financing, while SEB joined as a new investor. The round makes Altos Quartr’s largest shareholder as demand grows for structured information published directly by listed companies.
Quartr reported triple-digit growth and net revenue retention of around 120% at the announcement. More than 800 financial institutions and technology companies use its products, according to the company.
The financing supports a business serving both investment researchers and developers building financial applications. Those customers use its data through Quartr Pro and Quartr API.
Use of funds
Accelerate product development
Expand coverage of public-company information