Flat Capital AB (publ) (“Flat”) publishes its year-end report for 2024 where net asset value per share increased by +36% compared to the previous quarter to 10.92 SEK per share. The strong performance is mainly due to a number of positive value adjustments in portfolio holdings that have completed new capital rounds at updated valuations. The momentum we have seen in many of our portfolio companies during the quarter remains and we note a high interest in our portfolio companies, which are consistently highlighted as category leaders, especially within AI. During the quarter, three new investments were made, totaling 69 MSEK; approx. 49 MSEK in an 'AI portfolio' consisting of Chai Discovery, Speak, Anysphere (behind the product Cursor) and an undisclosed AI company, which accounts for approx. 70% of the invested amount. Furthermore, we have invested 11.7 MSEK in the existing holding Physical Intelligence and 8.5 MSEK in the AI company Magic. We continue to build Flat for the long term with strong confidence in our portfolio holdings and unique network
Flat Capital AB (publ) (“Flat”) has made an angel investment of approx. 0.8 MSEK in the AI-powered recruitment platform (“Talentium” or the “Company”) in their recently announced capital round. Other investors include EQT Ventures
Flat Capital AB (publ) (“Flat”) has invested approx. 0.6 MSEK in the AI-orchestration platform Nexos.ai (“Nexos.ai” or the “Company”) in their recently announced capital round. Other investors include Index Ventures and Creandum
Flat Capital AB (publ) (“Flat”) invests approx. 49 MSEK in a 'mini-portfolio' consisting of four prominent US-based AI companies. The opportunity was sourced from a leading actor within the AI sector, through Flat's network, and the investment is made through a so-called Special Purpose Vehicle (“SPV”), which entails market-based management costs
Flat Capital AB (publ) (“Flat”) invests approx. 9 MSEK in the AI and code generation company Magic AI Inc. (“Magic” or the “Company”) through the purchase of existing shares in a secondary transaktion. The company develops advanced AI code generating models that are used to automate code generation and improve AI models, with the aim of achieving safe Artificial General Intelligence (“AGI”)