Grasp, an AI company redefining how financial professionals analyze and synthesize data, announced that it has raised $7 million in Series A funding led by Octopus Ventures, with participation from Yanno Capital. The funding will accelerate product development and expand Grasp’s commercial presence as it scales its AI Analyst platform for global finance firms.
Founded in 2020 by former McKinsey consultants, Grasp aims to address inefficiencies in the $1.4 trillion financial advisory industry, which relies heavily on human labor to process vast amounts of unstructured data. The company’s flagship product, the AI Analyst, functions as an agentic system that can source data, manipulate spreadsheets, and produce client-ready materials such as PowerPoint analyses—automating workflows that traditionally take teams weeks to complete.
Grasp’s platform is already used by nearly 200 investment banks, private equity firms, and management consultancies, including several global banks and most of the Big Four and MBB firms. Customers report significant reductions in manual research time and improved analysis quality, often uncovering new acquisition targets, buyers, and precedent transactions that would otherwise go unnoticed.
The company plans to use its new funding to deepen AI capabilities in commercial due diligence, automate the creation of pitch decks and investment memorandums, and ensure enterprise-grade security, transparency, and control. Grasp has also recently expanded with a new London office to support its growing global client base.
KEY QUOTES:
“AI will fundamentally transform current workflows in finance. That’s why we founded Grasp — to build the AI Analyst transitioning finance from being human capital to technology centric. We’ve never been more excited about the opportunity to achieve this transition than we are today.”
“Grasp’s AI Analyst is an agent system that uses tools to perform tasks much like a human would. It manages workflows end-to-end — from sourcing trusted information to wrangling data and synthesizing insights. Our customers can now do more with less: pitch more proactively, run more projects in parallel, and deliver higher-quality results.”
“With this funding, we’ll accelerate product development and expand our commercial reach. Our AI Analyst will gain new capabilities — from end-to-end commercial due diligence to creating pitch decks and investment memorandums — while ensuring enterprise-grade security and transparency.”
Grasp Founding Team
