ArK Kapital has raised €165 million (€150 million in debt funding and €15 million in equity), now providing Stockholm with an entrant into the game of alternative funding options for startups.
Employing self-dubbed ‘precision financing’ ArK uses AI to evaluate a startup as a whole, not just ARR or MRR numbers to better provide a complete risk assessment before doling out anywhere between €1 million – €10 million.
ArK Kapital is so confident in their AI-powered analysis, that they’re willing to offer repayment terms of up to 6 to 7 years beginning 2 to 3 years after disbursement.
The equity portion (€15 million) of ArK Kapital’s €165 million seed funding was led by LocalGlobe, with participation from Creandum and angel investors including founders of iZettle, Supercell, King, and EQT Ventures.
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