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.
This investment will allow the company help startups grow smarter by providing non-dilutive funding and AI-powered financial forecasts.
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 provides loans with a longer term of up to 8 years for early-stage companies.