Ark Kapital, a Stockholm, Sweden-based data-driven precision finance company that enables startups to grow faster and smarter through non-dilutive loans, announced it has doubled its equity funding from €15 million to €30 million in an acceleration round, six months after closing one of Europe's biggest seed rounds at €165m.
The round was led by banking icon Annika Falkengren, with participation from all seed investors (LocalGlobe, Creandum) and angels (Supercell CEO Ilkka Paananen, Zettle founder Jacob de Geer, EQT Ventures founding partner Hjalmar Winbladh, founder of Embark Studios Patrick Söderlund).
The company also welcomed a new angel investor on board—one of the world’s most prominent gaming founders, Timo Soininen, of Zynga-acquired company Small Giant Games. This brings the total equity raised to €30m and the total capital pool available for founders to lend from €300m.
Company: Ark Kapital AB
Round: Acceleration round
Funding Month: September 2022
Lead Investors: Annika Falkengren
Additional Investors: LocalGlobe, Creandum, Ilkka Paananen, Jacob de Geer, Hjalmar Winbladh, AND Patrick Söderlund
Company Website: https://www.arkkapital.com/
Software Category: AI-growth forecasting
About the Company: Ark Kapital was founded in the summer of 2021 and launched in November of 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). Fusing banking and artificial intelligence (AI), ArK Kapital is a data-driven precision finance company that enables technology companies to grow faster and smarter through long-term loans. To optimize this, ArK developed a proprietary AI platform: the ArK Intelligence Machine (AIM). Founders simply 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. Based on that intelligence, ArK customizes loans and other financial tools that fuel growth for founders with fewer mistakes and less equity dilution. ArK also helps expand access to top-level data science for countless companies by sharing always-on analytics and insights with its borrowers through the AIM dashboard.