ArK Kapital, a Stockholm-based data-driven precision finance company, announced that it has secured €150M, raising its capital pool to €300M. The announcement comes three months after raising €165M in Seed round in March this year.
The Swedish company aims to provide €300M to investment-worthy founders through non-dilutive loans of €1-10M.
The loan facility comes from a Swedish bank and makes ArK Kapital the holder of one of the biggest lending pools available to European tech founders.
Enables tech companies to grow faster
ArK Kapital is a data-driven precision finance company that enables technology companies to grow faster through long-term loans. The company has developed a proprietary AI platform – the ArK Intelligence Machine (AIM).
The AIM connects to raw business data of a company combined with relevant external market data, unlocking the hidden possibilities for growth and strategic foresight.
The potential insights include when a customer will become profitable, when they will require new capital injection, and how quickly they can reasonably repay a loan.
Based on that intelligence, ArK customises loans and other financial tools that fuel growth for founders.
The ArK Growth Loan lasts up to seven years, with repayments not starting for two-to-three years– letting founders build without having to start repaying with borrowed money.
Henrik Landgren, CPTO and co-founder, comments, “We find ourselves right in the eye of the current storm. We are honestly the only ones that offer a real option for equity funding, with big loans stretching over several years. That is why more money is being put into our pocket this early on, as the demand is so high. Getting funding from us should however not be seen as a rescue package but as a sign of strength. We take a DNA test of companies’ growth; if they get a loan, it means that they are showing the type of growth the whole capital market is scouting for.”
Sixth-time-founder Oliver Hildebrandt, CEO, and co-founder, adds, “AIM and our AI-driven, always-connected approach to underwriting seems to be exactly what the financial markets have been waiting for, which makes it possible for us to onboard more and more financial partners to the AIM-platform, unlocking more growth-money for the European founder community.”