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Quartr Secures $6 Million Investment from Altos Ventures to Accelerate Global Expansion
Funding from Altos Ventures accelerates Quartr's efforts to revolutionize qualitative public market research, driving increased productivity for finance and investor relations professionals globally.
STOCKHOLM & SAN FRANCISCO, October 10th, 2024 – Quartr, a software and data provider revolutionizing qualitative public market research for finance and investor relations (IR) professionals, today announced the closing of a $6 million investment from Altos Ventures ("Altos").
Altos is a highly esteemed San Francisco-based venture capital firm known for its uncommonly patient approach to building companies over the long term, leading them to become early investors and major shareholders of successful companies such as Roblox and Coupang. Quartr chose Altos as partner due to their shared belief in long-term thinking, Altos' exceptional track record, and the personal chemistry between their team and the founders of Quartr. The Altos investment will further accelerate Quartr's market share growth in the multi-billion-dollar financial services industry. Concurrently, Altos will take a seat on Quartr's board, allowing for deeper collaboration and strategic involvement.
Since its founding in 2020, Quartr has emerged as one of the largest distributors of IR material globally, offering a free mobile app, a research platform built for desktop use, and an API. The company's flagship product, Quartr Pro, has quickly become an indispensable tool for several of the largest hedge funds, asset managers, and equity research departments globally, as well as the IR and corporate strategy teams of several Fortune 500 companies.
"We're very excited to partner with such a respected firm like Altos," said Oscar Küntzel, co-founder and CEO of Quartr. "This validates our vision and gives us a perfect partner for the long term. The capital enables us to further accelerate our growth and continue transforming how finance and IR professionals conduct qualitative public market research."
"We're looking forward to partnering with the Quartr team for the long journey ahead. From initially being users to now proud investors, we believe the company is building a critical tool for all finance and investor relations professionals globally," said Dillon Krasnigor, partner at Altos Ventures.
"After meeting the Quartr team, we were excited to learn how much philosophical overlap we share between our companies," said Ho Nam, co-founder and general partner at Altos. "They're focused on building a sustainable, enduring business for the long term and have a unique appreciation for the qualitative inputs to building an impactful, global business."
Recognized as one of Fast Company's Most Innovative Companies in personal finance in 2024, Quartr is leading the charge in transforming qualitative public market research.
About Quartr
Quartr provides over 18 million end users around the world with easy access to first-party information from over 11,000 public companies. Quartr's product suite includes Quartr Pro, a desktop research platform used by leading hedge funds, asset managers, equity research departments, and IR professionals globally. Quartr also offers a free mobile app and an API solution, enabling third parties to build custom solutions based on Quartr's unique data, including live earnings calls and other essential IR material.
About Altos Ventures
Founded in 1996, Altos Ventures is a purpose-driven investment firm that partners with founders to build enduring, world-class businesses. The firm invests in early-stage companies with strong operating fundamentals, focusing on long-term value creation. Altos prefers visionary leaders with an ownership mentality and is known for an uncommon patience, often making significant investments years after the initial commitment. For more information, visit www.altos.vc.
Media Contacts
Peter Westberg
peter.westberg@quartr.com