Flat Capital AB (publ) (“Flat”) publishes its interim report for January-March 2025 where net asset value per share decreased by -1.4% compared to the previous quarter to 10.76 SEK per share. The seemingly modest development is mainly a result of the weakened USD during the quarter of -39,242 KSEK, which was partly offset by positive value adjustments in the portfolio holdings Harvey and Anysphere (Cursor) of +22,464 KSEK, excl. currency effects. During the quarter, six new investments were made, with a total value of 21.8 MSEK; approx. 15.2 MSEK in the AI sound technology company ElevenLabs, as well as smaller investments in Brindlechute (2.6 MSEK), Talentium (1.9 MSEK), Lovable (1.0 MSEK), Nexos.ai (0.6 MSEK) and the Project Europe fund (0.5 MSEK). We sold our shares in Truecaller for a value of approx. 41.5 MSEK, which means a return of 3.8x, corresponding to an internal rate of return (IRR) of +51%, for the shareholders who have been involved since Flat's IPO
Flat Capital AB (publ) (“Flat”) has made an angel investment of approx. 2.6 MSEK in Brindlechute, a US-based company that has developed an operating system for booking, payment and communication, targeting the tourism and travel industry. The investment is made alongside other prominent entrepreneurs and angel investors
Flat Capital AB (publ) (“Flat”) has made an angel investment of approx. 1 MSEK in Lovable, who democratizes software development through its acclaimed AI platform that enables anyone to build websites, apps and more - without any technical knowledge. Other investors include Creandum
The extraordinary general meeting (“EGM”) of Flat Capital AB (publ), 556941-0110, (the “Company”) took place today, 4 April 2025. The EGM resolved on all proposed matters in accordance with previously published proposals. Below is a summary of the main decisions taken. Resolution on amendment...
The Annual Report for 2024 has been published today on March 18, 2025, 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...