A new start-up is attempting to modernize the investor relations industry to meet the surge of new retail investors.
Swedish start-up Quartr recently raised $4.5 million to help build out its product, which includes recordings of earnings calls and financial documents from major companies. Investors in Quartr include executives at the Ritholtz Group — such as Barry Ritholtz, Michael Batnick and CNBC contributor Josh Brown — and former Spotify executive Peter Sterky.
The company, which has 23 employees, was founded in 2020 and launched its app earlier this year, CEO Sami Osman said. The company sees its customer base as both retail investors and the companies, who can use the app and…