Stockholm-based ArK Kapital, a data-driven precision financing company that helps technology startups grow faster, announced on Thursday that it has extended its capital pool to €400M to enter the German market.
The firm acquired an additional €100M, which now totals over €400M in non-dilutive capital. It is accessible to European tech companies as they make the transition to profitability.
Founders and tech firms in Germany now have access to non-dilutive financing of up to €10M as well as growth projections via ArK Kapital’s growth forecasting tool AIM.
A comprehensive 5-year forecast is made available to founders after they plug all of their growth-related accounts into ArK’s machine learning platform, from which they can obtain specialised financing.