Ark Capital in a preseed funding round backed by Sequioa and Swedish angel investors

Ark Capital, a Stockholm, Sweden-based startup developing a service providing non-dillutive financial loans for startups, announced that it secured an undisclosed amount or pre-seed financing.

The money was raised from local angel investors from Sweden including the iZettle founder Jacob de Geer, EQT Ventures founding partner Hjalmar Winbladh and Patrick Söderlund, (via their newly founded vehicle CoFounded Kapital), who were joined by Sequoia via one of its scouts.

Ark Capital, founded in 2021 by Axel Bruzelius, CEO Oliver Hildebrandt and Henrik Landgren, will focus on providing loans to European startups in the range of €1m-10m, sold asn a non-dilutive complement to venture capital.