Ark Kapital – a data-driven precision finance company – has doubled its equity funding from €15 million to €30 million in an acceleration round, six months after closing one of Europe’s biggest seed rounds at €165 million.
The new round was led by banking icon Annika Falkengren with participation from all seed investors (LocalGlobe, Creandum) and angels (Supercell CEO Ilkka Paananen, Zettle founder Jacob de Geer, EQT Ventures founding partner Hjalmar Winbladh, founder of Embark Studios Patrick Söderlund).
The company also welcomed a new angel investor on board – one of the worlds most prominent gaming founders, Timo Soininen of Zynga-acquired company Small Giant Games. This brings up the total equity raised to €30 million and total capital pool available for founders to lend from to €300 million.
Ark Kapital was founded in the summer of 2021 and launched in November the same year 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 firm offers non-dilutive loans and access to world class growth analytics. Founders simply plug into ArK’s machine learning platform with all their growth related accounts and in return get access to a detailed five-year forecast – from which they can access customised funding.