Stockholm-based ArK Kapital raises €165 million to help startups grow faster and smarter
Summary
With the aim to fuel startup growth in a way that is faster and smarter, Swedish fintech company ArK Kapital has today announced it has secured a massive €165 million in seed funding. The funding was led by Local Globe, with participation from Creandum and angel investors including Supercell CEO Ilkka Paananen, iZettle founder Jacob de Geer, and EQT Ventures founding partner Hjalmar Winbladh. CEO and co-founder Oliver Hildebrandt, explained: “Any founder will tell you how difficult fundraising can be: retelling your story and hoping to convince the other side really adds up and results in precious time spent away from a business. Founded in 2021, 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), the entrepreneurial and financial experience behind ArK makes this a potent force fueling future-facing companies. ArK Kapital was born from the belief that connecting to companies’ raw data and applying state-of-the-art AI modelling enables both the best possible financial products and instant access to AI-powered growth analytics tools for founders.
Funding
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