Quartr has raised $18 million in new funding as the financial data company looks to accelerate product development and expand its coverage of public companies globally. The round was led by existing investor Altos Ventures, with participation from new investor SEB.
The investment also makes Altos Ventures Quartr’s largest shareholder, signalling continued confidence in the company’s growth. Quartr says it continues to grow at triple-digit rates, with net revenue retention of around 120%.
Turning First-Party Data Into AI-Ready Infrastructure
Quartr provides structured, real-time investor relations data from public companies, including information from live company events. Its platform is designed to make this data easier for financial institutions and AI systems to access, analyse, and use.
The company operates through two main products. Quartr Pro provides an AI-powered research platform for hedge funds, asset managers, equity researchers, and investor relations professionals, while Quartr API provides data infrastructure for companies building their own financial applications and AI tools.
Building for Institutional Finance and AI
Quartr says more than 800 financial institutions and technology companies use its platform for research and development. Its customer base includes major hedge funds, asset managers, and technology companies.
The latest funding will allow Quartr to move faster on product development while continuing to expand its global coverage. As financial research becomes increasingly automated, access to reliable first-party information could become an increasingly important part of the AI infrastructure stack.
Key takeaways for fintech startups
Quartr’s raise highlights the growing value of high-quality data infrastructure in financial services. Key lessons include:
- Reliable first-party data can become a critical foundation for financial AI.
- APIs can turn specialised data into infrastructure for an entire ecosystem.
- Strong retention and recurring usage can provide a foundation for rapid expansion.
As AI transforms how financial institutions research and make decisions, fintechs that control valuable data infrastructure can play an increasingly important role. Contact us to explore how Your Fintech Story can support your fintech strategy and growth.
