Grasp Raises $7 Million Series A to Expand AI-Powered Automation for Finance and Consulting

Grasp, a Stockholm-based artificial intelligence startup focused on automating research, analysis, and reporting workflows for investment banks and management consultancies, has secured a US $7 million Series A funding round to drive its international expansion and product development. The round was led by Octopus Ventures with participation from existing backer Yanno Capital.

Founded in 2020 by former consultants Richard Karlsson and Johan Devér, both ex-McKinsey, together with AI engineer Simon Hällqvist, formerly at Ericsson, Grasp has developed a proprietary multi-agent AI platform that links domain-specific AI agents to trusted datasets and tools. This allows finance teams to produce ready-to-present spreadsheets, slide decks, and reports with minimal manual effort.

The company now serves nearly 200 customers in more than 30 countries, including several of the Big Four consultancy firms, and has achieved approximately 3.5× growth in annual recurring revenue (ARR) over the past twelve months. Grasp is also opening its first international office in London to support its global rollout and to engage more directly with the UK finance and consulting market.

The newly raised capital will be primarily deployed to scale its product and sales teams, expand its multi-agent system capabilities, and support international go-to-market efforts, particularly in major finance centres beyond its Stockholm base. The company views its platform as well-positioned to address a large global market: the investment banking and management consulting sector is estimated at about US $1.4 trillion annually, much of which is still dependent on manual analytics and document-generation workflows.

Octopus Ventures’ participation underscores the growing investor appetite for enterprise AI platforms that automate knowledge-intensive workflows rather than just generic tools. In announcing the investment, the firm’s principal highlighted Grasp’s ability to combine domain-specific AI with strong traction and global customer uptake. Yanno Capital, which had previously invested via a seed round in 2024 when Grasp raised roughly €1.7 million, continues to back the company based on its conviction in the founders and their focus on a clearly defined market niche.

Grasp’s technology addresses very real pain points for finance professionals: manual work such as reading reports, building models in Excel, and preparing presentation decks has long dominated analyst time, but the firm asserts that its platform shifts much of this to AI agents—freeing human teams for higher-value strategy and advisory tasks. CEO Richard Karlsson noted that at McKinsey he and Devér spent “over 90%” of their time on such manual work, motivating them to found the company.

The timing of the Series A comes as organisations across consulting and investment banking seek deeper productivity gains, and as technical advances in multi-agent systems and domain-specific models unlock broader automation capabilities. Grasp’s growth metrics and customer adoption provide early evidence that the approach can scale. The funds will also support growing the sales team, enhancing the platform’s agent sophistication—including broader coverage of due-diligence, modelling, and presentation workflows—and strengthening geographic reach, particularly across Europe and other global finance hubs.

With this latest round, Grasp brings its total funding to approximately US $9 million and positions itself to meaningfully scale in the enterprise AI space for financial services and consulting. As competition in enterprise AI intensifies, Grasp’s focus on high-value, high-complexity workflows and its early global traction mark it as a startup to watch in the finance tech automation segment.