Quartr, a software and data provider transforming qualitative public market research for finance and investor relations (IR) professionals, announced the closing of a $6 million investment from Altos Ventures.
Altos is a Francisco-based venture capital firm known for its uncommonly patient approach to building companies over the long term, leading them to become early investors and major shareholders of successful companies such as Roblox and Coupang. And Quartr chose Altos as partner due to their shared belief in long-term thinking, Altos’ exceptional track record, and the personal chemistry between their team and the founders of Quartr. The Altos investment will further drive Quartr’s market share growth in the multi-billion-dollar financial services industry. Altos will also take a seat on Quartr’s board, allowing for deeper collaboration and strategic involvement.
Since being founded in 2020, Quartr has emerged as one of the largest distributors of IR material globally, offering a free mobile app, a research platform built for desktop use, and an API. And the company’s flagship product, Quartr Pro, has quickly become an indispensable tool for several of the largest hedge funds, asset managers, and equity research departments globally, as well as the IR and corporate strategy teams of several Fortune 500 companies.
KEY QUOTES:
“We’re very excited to partner with such a respected firm like Altos. This validates our vision and gives us a perfect partner for the long term. The capital enables us to further accelerate our growth and continue transforming how finance and IR professionals conduct qualitative public market research.”
-Oscar Küntzel, co-founder and CEO of Quartr
“We’re looking forward to partnering with the Quartr team for the long journey ahead. From initially being users to now proud investors, we believe the company is building a critical tool for all finance and investor relations professionals globally.”
-Dillon Krasnigor, partner at Altos Ventures
“After meeting the Quartr team, we were excited to learn how much philosophical overlap we share between our companies. They’re focused on building a sustainable, enduring business for the long term and have a unique appreciation for the qualitative inputs to building an impactful, global business.”
-Ho Nam, co-founder and general partner at Altos
