ArK Kapital has signed a new SEK1.5bn senior secured debt facility with Pollen Street Capital.
ArK recently announced a seed funding raise 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.
Pollen Street supported the round in a new partnership, providing a €150 million senior secured debt facility. The firm has deep expertise in tailored debt funding and strategic insight for SME lenders, with this deal representing Pollen Street’s first facility in Scandinavia.
The EY Financial Services Corporate Finance team acted as sole financial adviser to ArK on the capital raise, with the EY deal team led by Jack Dutton.