Stockholm-based AI startup Grasp has secured €6 million in Series A funding to accelerate development of its multi-agent platform that automates the analytical and reporting work of financial analysts and management consultants. The round was led by Octopus Ventures, with participation from existing investor Yanno Capital, bringing the company’s total funding to €7.7 million.
The raise coincides with Grasp’s first international expansion, as the company opens a new office in London to better serve its growing base of enterprise customers across Europe.
“At McKinsey, we spent over 90% of our time on manual work — reading reports, building Excel models, creating presentations,” said Richard Karlsson, CEO and co-founder of Grasp. “Together with Simon [Hällqvist], who brought AI expertise from Ericsson, we saw how automation could completely transform this $1.4 trillion market of human-intensive finance work. Five years later, we’re proving that vision.”
Automating knowledge work in finance
Founded in 2020 by former McKinsey consultants Richard Karlsson and Johan Devér, alongside Ericsson AI engineer Simon Hällqvist, Grasp builds multi-agent AI systems that mimic how human analysts work — from sourcing and interpreting financial data to creating client-ready reports and presentations.
The platform integrates with trusted tools and datasets to reduce manual work, uncover more relevant insights, and help finance professionals deliver higher-quality output in less time. The company says it has achieved 3.5x ARR growth over the past year and now serves nearly 200 customers, including several of the Big Four consulting firms.
Investor confidence in “agentic AI” for enterprise
The new investment positions Grasp among a wave of European startups using AI agents to reshape high-value business processes. Denmark’s Light recently raised €25 million to scale its AI-native finance system, while France’s Finary and the UK’s Saturn secured €25 million and €12.9 million respectively to automate wealth management and compliance workflows. Sweden’s own EvoluteIQ also landed €44 million to advance its enterprise AI platform.
“Grasp is at the forefront of vertical AI in finance,” said Rich Bolton, Principal at Octopus Ventures. “Their multi-agent system delivers the kind of high-quality output finance professionals rely on, and their rapid traction shows both the power of their technology and the urgency of the need.”
Fueling growth and global expansion
The Series A funding will be used to expand Grasp’s product and sales teams, scale international operations, and deepen the platform’s capabilities for investment banks, management consultancies, private equity firms, and corporate strategy teams.
“While AI initially took off in text-heavy fields like law, the real frontier is in complex, multimodal work such as financial analysis,” Karlsson added. “With Octopus Ventures now on board, we’re excited to bring this transformation to more customers worldwide.”
