After raising €165 million to offer long-term alternative financing options in March, Stockholm-based ArK Kapital has roped in a €150 million senior secured debt facility from Pollen Street Capital.
The investment will enable the company to help startups grow smarter through AI-powered financial forecasts and non-dilutive funding.
Founded 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 targets early-stage, fast-growing tech-driven companies.
Offering an alternative to equity-based funding, it focuses on non-dilutive loans to multi-sector European startups ranging from €1 million – €10 million.
ArK offers longer-term loans lasting up to eight years to give early-stage startups time to grow.
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