Annika Falkengren joins the board of directors of Swedish tech company Ark Kapital. European IT businesses may obtain founder-friendly, non-dilutive loans of up to €10 million from the lender, which has secured over €400 million in non-dilutive funding.
With this choice, Falkengren leaves her six-year role as the managing partner of the Swiss banking company Lombard Odier. Falkengren, who served as President and CEO of SEB from 2005 to 2007, spent her career on the boards of multiple businesses, including Volkswagen, Munich Re, and Securitas.
Annika Falkengren said, “After joining the acceleration round in 2022, I’m excited to join the board at Ark Kapital and be in a position to provide more support and advice to the Executive team for the next phase of growth of this exciting business,”.
The next generation of entrepreneurs will be able to grow and prosper because to Ark’s the capacity to accurately predict future financial well-being and support credit analysis utilizing AI. This capability paves the door for an updated approach to growth finance.
Oliver Hildebrandt, CEO and co-founder at Ark Kapital said, “I can’t think of anyone better to guide and assist in our journey to pioneer and establish a new asset class for tech companies – made possible by combining the most traditional form of lending with leading AI capabilities and growth forecasting.”
Since ArK isn’t a bank, they are unable to provide the full range of financial services you might expect from a traditional bank, such as accounts, investment instruments, credit cards, etc.
With a focus on fresh markets in the future, Ark Kapital is currently present in Germany and the Nordics. As part of its funding program for electronic entrepreneurs, the lender developed the profitability forecasting platform AIM.