Stockholm-based Grasp secures €6 million in Series A

Swedish startup Grasp, which automates tasks for investment banking and management consulting using multi-agent AI systems, has announced a €6 million Series A funding round. The lead investor is Octopus Ventures, and existing backer Yanno Capital also participated. This infusion brings Grasp’s total funding to approximately €7.7 million.

London expansion and growing team

The company is opening its first overseas office in London to support its fast-growing enterprise customer base. Currently headquartered in Stockholm, Grasp employs around 25 people across its Stockholm and London offices.

Founders, origins and positioning

Grasp was launched in 2020 by two former consultants at McKinsey & Company, namely Richard Karlsson and Johan Devér, together with AI-engineer Simon Hällqvist (formerly at Ericsson). The team draws on both consulting-industry experience and technical AI expertise. Their goal: to transform what they describe as the roughly $1.4 trillion market of human-intensive financial and consulting work. 

Swedish startup Grasp, which automates tasks for investment banking and management consulting using multi-agent AI systems, has announced a €6 million Series A funding round. The lead investor is Octopus Ventures, and existing backer Yanno Capital also participated. This infusion brings Grasp’s total funding to approximately €7.7 million.

Product & traction 

Grasp has built a multi-agent AI platform aimed at automating tasks such as reading reports, building Excel models and designing presentation decks — workflows that traditional banking and consulting professionals spend large amounts of time on. According to the company, they’ve grown annual recurring revenue by roughly 3.5× in the past 12 months and now serve nearly 200 customers, including several of the Big Four consulting firms.

Strategic backdrop & investor comment

The investment comes as part of a wave of enterprise AI startups targeting deep-knowledge work. For instance: Denmark’s Light with €25 million, France’s Finary with €25 million, and UK-based Saturn with €12.9 million. In Sweden, EvoluteIQ raised €44 million to push its agentic-AI platform in banking/finance.

Rich Bolton, Principal at Octopus Ventures, commented: “Grasp is at the forefront of vertical AI in finance… their strong traction — more than tripling annually and winning major global customers — demonstrates both the power of their technology and the urgency of the need.” Meanwhile, Anna Storåkers of Yanno Capital said: “We continue to have a strong conviction in Grasp’s mission to automate 90 % of the knowledge work done by financial analysts, and we are thrilled to continue backing the strong founder team.”

What the funds will be used for

The newly secured capital will be channelled into scaling the product and sales teams, further international expansion (especially through the new London office) and deepening the platform’s capabilities geared toward investment banks, private-equity firms, management consultancies and corporate strategy teams.