Gilion secures €10M equity round to fuel expansion of its Growth & Funding Platform
STOCKHOLM, April 10, 2024 – Gilion, the Swedish Growth & Funding platform, today announced the closure of a €10 million 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 we now help hundreds of thriving companies optimize their growth.
The new round includes a mix of existing investors reaffirming their belief in our vision, such as Annika Falkengren, former CEO at SEB and former Managing Partner at Lombard Odier, as well as new investors who share our enthusiasm for reshaping funding for tech companies. 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.
"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.", says Oscar Werner, CEO at Gilion. "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.”
Gilion empowers tech companies by providing access to always updated insights into their historical and future performance. Our 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, we 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.
says Henrik Landgren, CPTO, and co-founder at Gilion. "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."
"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," says Andrew Konopelski, Investor and former Head of EQT Credit. "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.
To learn more about Gilion, including our loans and unrivaled growth forecasting, head over to www.gilion.com.