Ark Kapital releases €150 million to support startups
ArK Kapital, based in Stockholm, has secured a €150 million senior secured debt facility from Pollen Street Capital after raising €165 million in March to provide long-term alternative financing options.
Through AI-powered financial forecasts and non-dilutive funding, the company will be able to assist startups in growing smarter.
ArK Kapital, which was 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), focuses on early-stage, fast-growing tech-driven companies.
It focuses on non-dilutive loans to multi-sector European startups ranging from €1 million to €10 million as an alternative to equity-based funding.
ArK provides longer-term loans of up to eight years to allow early-stage startups to grow.
