Flat Capital AB (publ) ("Flat") is investing approximately 10 MSEK in US-based Oden Technologies ("Oden"), a prominent data and AI company serving the manufacturing industry. Flat is investing through a so-called Series B round of approximately 300 MSEK in total, whereby the capital will primarily be used to accelerate Oden's AI efforts. Flat is investing alongside Nordstjernan Growth, which is leading the round, together with participation from the majority of previous investors such as Atomico and EQT Ventures as well as one of Oden's customers, INX International Inc
The shareholders of Flat Capital AB (publ), 556941-0110, (the "Company" or "Flat") are invited to the Annual General Meeting on Monday, May 6, 2024, at 17:00 at Alma at Nybrogatan 8, 114 34 Stockholm (“Alma”). Registration begins at 16:45. The Board has decided, in accordance with Chapter 7, Section 4a of the Swedish Companies Act and the articles of association of the Company, that shareholders may also exercise their voting rights at the Annual General Meeting by postal voting in advance. In addition to the AGM, the Company will also present an investor meeting. This gives shareholders, and others interested, an opportunity to take part in a short presentation about Flat and also the opportunity to ask questions to management and the board. The investor meeting will start at 17:30 at Alma. After the meeting and the presentation, pizza, soft drinks and other light refreshments will be served, with the opportunity to mingle to network with us at Flat and other shareholders
The Annual Report for 2023 has been published today on March 22, 2024, and is now available on our website www.flatcapital.com and as an attached document.You can also read all financial reports on the following link: https://www.flatcapital.com/en/investor-relations/For further information
Flat Capital AB (publ) ("Flat") invests approximately 10 MSEK in the legal AI company Harvey through a Special Purpose Vehicle ("SPV"). Harvey has quickly become a prominent generative AI platform for the professional services sector, such as law- and accounting firms, with revenues increasing more than tenfold since April 2023. The company completed a capital raise in December 2023, together with prominent and well-known investors such as OpenAI Startup Fund, Sequoia Capital, Kleiner Perkins and Elad Gil. Flat's investment is made through a SPV structure that involves administrative costs in line with market practice
Flat Capital AB (publ) ("Flat") has invested approximately 3 MSEK in Perplexity AI ("Perplexity"), alongside other prominent investors such as IVP, Nvidia, New Enterprise Associates, Bessemer Venture Partners, Jeff Bezos and Elad Gil. Perplexity is a prominent AI-based search engine built on various Large Language Models (LLM) and has quickly reached approximately 10 million monthly active users. Flat invested 3 MSEK in the company during the fourth quarter of 2023, and as a result of the great interest in the capital round, Flat's allocation has now been confirmed at 3 MSEK