DBT Capital receives a $24M capital infusion from Östersjöstiftelsen to provide financing to small and medium businesses.
DBT Capital, a Stockholm, Sweden-based firm providing corporate loans to established local growth companies, announced securing SEK 200M ($24M) in capital investment.
The money comes from Swedish state-owned Östersjöstiftelsen (The Foundation for Baltic and East European Studies) and will be used to support the demand for the company's services. The deal was made via a bond issued by DBT Capital Inv AB, a wholly owned subsidiary of DBT.
DBT Capital, founded in 2016 and led by CEO Alexis Kopylov and Jonas Engwall, offers growth capital though direct ledning to Swedish SMEs. The loans are in the SEK 2-20M range, at 6-12% interest for up to 5 years.