Swedish ArK Kapital raises €165M to boost startup growth
Summary
Swedish fintech company ArK Kapital secured 165 million euros in seed funding led by Local Globe with the participation of Creandum. The round also attracted some angel investors including Hjalmar Winbladh the founding partner of EQT Ventures, Jacob de Geer the founder of iZettle and Supercell CEO Ilkka Paananen. ArK Intelligence Machine (AIM) offers great benefits to investors in terms of reducing risks while founders will be able to scan financial options that the data-driven AI-powered platform provides. 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. They exist to tear down the financial barriers of the past and unleash the power of entrepreneurship, by inventing the world’s best financing solutions for tech business.