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.
Oliver Hilderbrandt, CEO and founder of ArK said: “We understand entrepreneurs and we know that traditional finance can often fail to serve their needs. We base our lending solutions on the real potential of fast-growth businesses and help them realise that potential. This is where the power of an AI-driven approach becomes clear: companies can benefit from tailored financing options based on their potential, backed up by data.”
Michael Katramados, partner, Pollen Street Capital added: “ArK empowers technology startups and entrepreneurs to grow smarter. Pollen Street has significant experience in backing agile and innovative SME lenders and we are excited to work with ArK in what will be our first facility in Scandinavia.”
In case you haven’t been playing along at home, an ongoing table I’ve been casually curating:
|Name||Location||Turnaround time||Revenue Range||Pre-requisites|
|Karmen||France||< 48 hours||40% ARR||-|
|Vitt||London/Berlin||< 24 hours||100% ARR||ARR of £100,000|
|re:cap||Berlin||< 48 hours||50% ARR|
|Ritmo||Madrid||< 24 hours||up to €3 million|
|Requr||Amsterdam||< 24 hours||unspecified cap||MRR of €20,000|
|Viceversa||Milan||< 72 hours||€10,000 - €1 million|
|Wayflyer||Dublin||< 24 hours||$10,000 - $20 million||MRR of $20,000|
|Silvr||Paris||< 24 hours||€10,000 - €10 million||MRR of €10,000|
|ArK Kapital||Stockholm||< 336 hours||€1 million - €10 million||variable|