ArK Kapital, which stylises itself as a precision financing company, has reportedly collected €165m in seed funding.
The capital injection was led by Local Globe, with commitments also coming from Creandum, EQT Ventures founding partner Hjalmar Winbladh, Supercell CEO Iikka Paananen and Izettle founder Jacob de Geer, according to a report from PYMNTS.
With the capital, the company hopes to invest into promising companies, bolster its research and development and double its team of 20.
The company claims to help technology businesses grow faster and give owners better control. Its AI platform provides businesses with financial tools to make business predictions. It also offers customers access to growth loans.
ArK Kapital CEO and co-founder Oliver Hildebrandt told TechCrunch, “We believe that entrepreneurs should retain more ownership of their companies and more transparency is needed throughout the fundraising process.”
Copyright © 2022 FinTech Global