Gilion raises €10M to fund growth-stage companies
Summary
Its analytics platform generates customised deal terms based on a wealth of up-to-date data analysis and predictions powered by machine learning; in effect, using large-scale automation to supercharge the due diligence stage of fundraising. Its popularity comes on the heels of Europes drought in VC funding over the past year.The new round includes a mix of existing investors such as Annika Falkengren, former CEO at SEB and former Managing Partner at Lombard Odier as well as new investors. "In todays economy, founders increasingly require diverse funding options tailored to their unique needs. "The pace of innovation that Gilion has shown over the past two years is truly remarkable, and I believe their product suite is a game-changer in debt financing and the wider startup funding ecosystem," said Andrew Konopelski, Investor and former Head of EQT Credit. "With more flexible financing options, tech companies around the globe will be able to access critical programmatic funding that is designed for the specific needs of their business and will fuel innovation in ways that havent existed before."