Swedish banking icon supports Ark Kapital with 15 million euros to accelerate market expansion and technology even faster
After raising €165m to provide alternative long-term financing options in March and another €150m credit facility from Pollen Street Capital in April, Stockholm-based ArK Kapital has doubled its equity financing from 15 million euros to 30 million euros in an acceleration round. This brings the total capital available for founders to lend to €300 million.
The round was led by banking icon Annika Falkengren with participation from all seed investors including LocalGlobe, Creandum and angel investors such as Supercell CEO Ilkka Paananen, Zettle founder Jacob de Geer, partner founder of EQT Ventures Hjalmar Winbladh, founder of Embark Studios Patrick Söderlund. The company also welcomed a new angel investor – Timo Soininen from Small Giant Games, which Zynga acquired.
Founded by six-time entrepreneur Oliver Hildebrandt (CEO), veteran banker Axel Bruzelius (COO) and former Spotify VP Analytics and former EQT Ventures partner Henrik Landgren (CPTO), ArK Kapital targets fast-growing advanced technologies. led companies.
Offering an alternative to equity financing, it focuses on non-dilutive loans to multi-sector European startups ranging from 1 to 10 million euros. ArK offers longer-term loans of up to eight years to give early-stage startups time to grow.
Annika Falkengren, said, “I have worked in banking all my life and the lack of technology loans has never been due to a lack of willpower. The problem has been predicting start-up risk and financial strength, to which one could say that the whole capital market is bad. Ark has made giant strides in this regard and their success will not only change debt financing, but technology financing as a whole. I see this as an investment in the next chapter of finance and fundraising.
Zettle founder and angel investor Jacob de Geer added, “Founders who have gone through an extreme growth journey know the importance of protecting equity. With great ownership comes control and with control you keep the joy of building. I’m excited to be part of delivering the New Era of Funding to the next generation of Founders. »