Funding

[Funding alert] Stockholm-based Gilion Raises €10 Million in Equity Funding

Apr 11, 2024 | By Startup Rise EU

Gilion, the Swedish Growth & Funding platform saises €10 million in equity funding round, bringing the total equity raised to €40 million.

Gilion, the Swedish Growth & Funding platform saises €10 million in equity funding round, bringing the total equity raised to €40 million.

This significant investment comes on the heels of a year ending with a strong growth increase, a 4x year-over-year revenue increase and an 8x increase of companies on the platform, where they now help hundreds of thriving companies optimize their growth.

The new round includes a mix of existing investors reaffirming their belief in their vision, such as Annika Falkengren, former CEO at SEB and former Managing Partner at Lombard Odier, as well as new investors who share their enthusiasm for reshaping funding for tech companies.

Read also - London-based Avenir Raises €487k in Pre-Seed Funding

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Notable among the newcomers are Oscar Werner, recently appointed CEO at Gilion, Göran and Henrik Garvner, investors and founders of SignUp Software, and Andrew Konopelski, investor and former Head of EQT Credit.

Oscar Werner, CEO at Gilion said, "In today's economy, founders increasingly require diverse funding options tailored to their unique needs. By adding debt to their cap table founders get an additional, and different, funding partner that can reduce dilution of the best companies, and provide funding in times equity owners may not. This is very strategic for all companies. Securing this new round of funding for Gilion, in the current market climate, is a huge testament of trust in our business and that we’re on the path of building something special.”

It empowers tech companies by providing access to always updated insights into their historical and future performance. Their proprietary analysis, Gilion Scores, and predictions serves as the engine enabling Gilion to provide access to long-term, non-dilutive loans to growth stage companies.

Given Gilion understands the underlying performance better, they can offer Growth Loans with up to 2 years interest only periods before amortization starts, and up to 6 years to repay the loan. In 2023, Gilion expanded its operations to include Sweden, Germany, Denmark and Finland.

Henrik Landgren, CPTO, and co-founder at Gilion said, "With our growth analytics platform, we're dedicated to democratizing access to the analytics resources traditionally reserved for larger companies, Our innovative tools, including pre-made SaaS dashboards, benchmarking, advanced AI forecasting, cohort- and retention analysis, level the playing field for startups – empowering them to achieve long-term success while retaining ownership."

Andrew Konopelski, Investor and former Head of EQT Credit said, "The pace of innovation that Gilion has shown over the past two years is truly remarkable, and I believe their product suite is a game-changer in debt financing and the wider startup funding ecosystem,With more flexible financing options, tech companies around the globe will be able to access critical programmatic funding that is designed for the specific needs of their business and will fuel innovation in ways that haven't existed before."

Gilion (formerly Ark Kapital) is backed by LocalGlobe, Creandum, former Blackstone Co-head, John McCormick, banking veteran Annika Falkengren of SEB and Lombard Odier, and seven unicorn founders including Hjalmar Winbladh of Epidemic Sound and founding partner of EQT Ventures, Jacob De Geer of IZettle, Timo Soininen of Small Giant Games, Ilkka Paananen of Supercell, Sebastian Knutsson of King, Riccardo Zacconi of King, and Steve Anavi of Qonto.

About Gilion

Gilion, an innovative method for assessing and discovering fundamentally sound startups, was founded in 2021 by Oliver Hildebrandt, Axel Bruzelius, and Henrik Landgren. Gilion has created a platform that allows for real-time access to and analysis of all important company data. It uses in-house research and forecasting to give IT firms real-time performance information.

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