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
Flat Capital AB (publ) ("Flat") publishes its year-end report for 2023. The Net Asset Value (NAV) per share amounts to 8.41 SEK, which corresponds to a decrease of -5.8% for the quarter. The decrease is mainly due to the write-down of the value of Instabee, corresponding to -33 460 KSEK. No significant investments or divestments were made during the quarter. However, Flat is currently engaged in a number of investment processes that we hope will materialize in the near future. We have a strong cash position and an ambition to take advantage of the attractive opportunities that arise from our global and unique network
Flat Capital AB (publ) ("Flat") publishes its interim report for January-September 2023 where the Net Asset Value (NAV) per share amounts to 8.93 SEK, which corresponds to a decrease of -10% for the quarter. The decrease is mainly attributable to the write-down of the value of Instabee, corresponding to -26 402 KSEK. During the last quarter, a rights issue was carried out that provided the company with 152.9 MSEK before issue costs, corresponding to a subscription rate of approximately 111%. Existing and reputable new shareholders, including Dusco AB and AltoCumulus, participated in the rights issue. No new significant investments or divestments were made during the last quarter
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