Grasp raises $7M Series A to fuel international expansion

Stockholm-based Grasp, an AI startup automating investment
banking and management consulting workflows with multi-agent systems, has
raised $7 million in a Series A round led by Octopus Ventures, with
participation from existing investor Yanno Capital. The round brings total
funding to $9 million.

Founded in 2020 by former McKinsey consultants RichardKarlsson and Johan Devér, together with former Ericsson AI engineer Simon Hällqvist, Grasp builds a proprietary multi-agent platform that automates
complex, costly, and time-consuming tasks for finance professionals.

By connecting domain-specific AI agents to trusted tools and
datasets, the platform surfaces more relevant companies, delivers deeper
insights, and produces ready-to-present spreadsheets and PowerPoint materials, reducing
manual, repetitive work while improving output quality.

The global investment banking and management consulting
services market totals roughly $1.4 trillion in annual spending. As AI
automates portions of this work and increases productivity, platforms like
Grasp are positioned to capture a share of that spend.

Richard
Karlsson, CEO and co-founder of Grasp, shared the idea behind the company:

At
McKinsey, we spent over 90% of our time on manual work – reading reports,
building excel models, creating presentations. Together with Simon, who brought
critical AI expertise from Ericsson, we realised AI had the potential to
completely transform this $1.4 trillion market of human-intensive finance work.
Five years later, we’re proving this thesis.

While
AI initially boomed in text-centric fields like law, recent advances have
finally enabled AI agents to tackle complex, multimodal tasks prevalent in
finance. Now, with Octopus Ventures joining our journey, we’re excited to
continue expanding our rapidly growing customer base.

Over the past 12 months, Grasp recorded 3.5× ARR growth and
now serves nearly 200 customers in 30 countries, including most of the Big Four
consulting firms.

The new funding will support the expansion and growth of the
product and sales teams.