Ark Kapital, a Stockholm, Sweden-based data-driven precision finance company enabling startups to grow through non-dilutive loans, raised €15M in acceleration funding.
The round was led by Annika Falkengren with participation from LocalGlobe, Creandum, Supercell CEO Ilkka Paananen, Zettle founder Jacob de Geer, Hjalmar Winbladh, and Timo Soininen.
The company intends to use the funds to accelerate growth and expand operations.
Founded in the summer of 2021 and launched in November the same year– by six-time entrepreneur Oliver Hildebrandt (CEO), veteran banker Axel Bruzelius (COO), and Spotify’s ex-VP of Analytics and former EQT Ventures partner Henrik Landgren (CPTO), ArK Kapital developed a proprietary AI platform called the ArK Intelligence Machine (AIM) that connects to the raw business data of a company, which, combined with relevant external market data, unlocks hidden possibilities for growth and strategic foresight. Founders plug into ArK’s machine learning platform with all their growth related accounts and in return get access to a detailed 5-year forecast – from which they can access customized funding. ArK’s financial product suite currently consists of a large growth loan that spans between €1-€10m, lasting up to seven years, with repayments not starting for two-to-three years. The second loan product in the portfolio allows founders to get instant access to the money they’ve earned through various marketplaces or app stores, allowing reinvestment into growth peaks. Both products are fully non-dilutive.
This brings up the total capital pool available for founders to lend from to €300m.
FinSMEs
05/09/2022