ArK Kapital Raises €165M in Debt and Equity Funding

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left-to-right: Henrik Landgren (CPTO); Elin Bäcklund (CTO); Axel Bruzelius (COO); Oliver Hildebrandt (CEO); Julia Ehrhardt (CFO).

ArK Kapital, a Stockholm, Sweden-based data-driven precision finance company, raised €165m in a mixture of debt and equity funding.

The round was led by Local Globe, with participation from Creandum and angel investors including Supercell CEO Ilkka Paananen, iZettle founder Jacob de Geer, and EQT Ventures founding partner Hjalmar Winbladh.

Beyond investing in promising companies, the new capital will be used for R&D and doubling the 20-person team within 2022. 

Founded in summer 2021 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 is a data-driven precision finance company enabling startups to grow through long-term loans, maintaining control for founders and reducing risk for investors. The firm targets early stage, tech-driven companies predicted to grow super-fast but not yet profitable. ArK uses its artificial intelligence (AI) platform – the ArK Intelligence Machine (AIM) – to analyse a company’s business health and  to offer a suite of AI-powered financial and intelligence products. The firm shares daily access of its analytics and insights in a borrower dashboard, so companies can optimise their business performance. 

ArK will initially focus on non-dilutive loans to multi-sector European startups ranging from €1m-10m.

FinSMEs

29/03/2022