Gilion, a Stockholm, Sweden-based provider of a growth and funding platform, raised €10M in Equity funding.
The round, which brought the total amount to €40M, saw participation from Annika Falkengren, Oscar Werner, Göran and Henrik Garvner, and Andrew Konopelski.
The company intends to use the funds to expand operations and its development efforts.
Led by CEO Oscar Werner, and CPTO Henrik Landgren, Gilion (formerly Ark Kapital) provides founders with access to growth loans and always updated insights into their historical and future performance. Its proprietary analysis, Gilion Scores, serves as the engine enabling the company to provide access to long-term, non-dilutive loans to growth stage companies. The company can offer loans with up to 2 years interest only periods before amortization starts, and up to 6 years to repay the loan.
The platform is now live in Sweden, Denmark, Finland, and Germany (subsidiary).
This investment follows a year ending with a strong growth increase, a 4x year-over-year revenue increase and an 8x increase of companies on the platform.
Gilion is backed by LocalGlobe, Creandum, former Blackstone Co-head, John McCormick, banking veteran Annika Falkengren of SEB and Lombard Odier, and seven unicorn founders including Hjalmar Winbladh of Epidemic Sound and founding partner of EQT Ventures, Jacob De Geer of IZettle, Timo Soininen of Small Giant Games, Ilkka Paananen of Supercell, Sebastian Knutsson of King, Riccardo Zacconi of King, and Steve Anavi of Qonto.
FinSMEs
10/04/2024