Hi there and welcome to Funded, where we spotlight early-stage bets on the future of tech.

This week, we’re highlighting Grasp, the Swedish startup building an AI Analyst to automate the grunt work of high-stakes financial decision-making.

Grasp has raised $7 million in Series A funding led by Octopus Ventures, with participation from Yanno Capital, to accelerate development of its AI Analyst—an agent system that automates everything from wrangling spreadsheets to building pitch decks. The company, founded by former McKinsey consultants, serves nearly 200 firms across 30 countries, including Big Four consultancies and major investment banks.

Grasp’s edge is its ability to tackle financial workflows end-to-end. Unlike basic copilots, it handles multimodal data and produces fully formatted outputs like investor presentations and Excel models. According to the release, Grasp customers report not only faster results but better ones—surfacing overlooked buyers and more relevant comparables.

With the new funding, Grasp plans to expand its analyst’s capabilities, including support for full commercial due diligence, and grow its commercial presence, starting with a new London office. “An effective AI Analyst in finance needs to work well with spreadsheets, tool use, and writing code—tasks that have seen a step-change in AI performance this year,” the company said in the announcement.

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This article was drafted with the help of generative AI using company-submitted details, then manually edited and carefully reviewed by a human editor before publication.