Flat Capital AB (publ) ("Flat") publishes its interim report for January-March 2023 where the net asset value per share amounts to 10.01 SEK, which corresponds to a decrease of -7.4% for the quarter. During the period, we have made an investment corresponding to 5.4 MSEK in the AI company DeepL and a divestment of all shares in Global-e which amounted to a final profit of SEK 15.9 million, since Flat's IPO, resulting in a particularly attractive return of approx. 10.4x. Although the market during the period has been characterized by continued uncertainty and nervousness, we see that investment activity has cautiously started and that valuations have stabilized somewhat. We are following the market development with both humility and enthusiasm, where we are prepared with cash and ambition to take advantage of the attractive opportunities that arise.
The period January-March
Investments and divestments during the reporting period
Other significant events during the period
Other events after the end of the period
This text has been translated using DeepL.
Link to the report on the website:
For further information, please contact:
Hanna Wachtmeister, CEO, email@example.com, +46 (0) 70 661 60 05
Antonio Melani, CFO, firstname.lastname@example.org,+46 (0) 72 221 81 32
Augment Partners AB, email@example.com, +46 (0) 8 604 22 55
About Flat Capital:
Flat Capital is an investment company that focuses on growth stage companies with prominent entrepreneurs in leading positions and primarily makes investments through its network of world-class investors and entrepreneurs. The company was founded in 2013 by entrepreneurs Nina and Sebastian Siemiatkowski (founders and CEOs of Milkywire and Klarna, respectively) and is led by CEO Hanna Wachtmeister together with an experienced board of directors. Examples of portfolio companies include Klarna, Instabee and Truecaller. The company aims to provide long-term capital and is essentially a passive minority shareholder, while Flat Capital's experience and network are available to the extent the entrepreneur wishes. The aim is to facilitate successful company building and enable exposure to otherwise hard-to-reach and promising companies.
More information is available at www.flatcapital.com
Note: This is a non-official translation of the Swedish original text. In case of any discrepancies between the Swedish text and the English translation, the Swedish text shall prevail.