Flat Capital AB (publ) (“Flat”) publishes its interim report for January-September 2024 where net asset value per share increased to 8.00 SEK per share, +6.1% compared to the previous quarter. The positive development is a result of a number of positive value adjustments, largely following new capital rounds in a few holdings at updated valuations. We continue to see positive momentum in our portfolio holdings. We also note that some of the recent investments we have made in AI are consistently highlighted as category leaders and some of the most promising global AI companies, which is of course encouraging. During the quarter, four investments were made, of which three were new holdings, for a total value of 39 MSEK; approx. 18 MSEK in the space and satellite company SpaceX, 10 MSEK in the security company Hemla, approx. 11 MSEK in a US AI hardware company and approx. 0.5 MSEK in the existing portfolio holding CDLP
Welcome to tune in and ask questions to a live-stream where 100% of Flat's operational team (i.e. CEO Hanna and CFO Antonio) in their own words talk about the Q3 report, a little more about the upcoming rights issue and answer your questions!
Flat Capital AB (publ) (“Flat”) invests 10 MSEK in the security start-up Hemla Group AB (“Hemla” or the “Company”), recently founded and run by entrepreneurs Fredrik Hamilton, Axel Möller and CEO Jakob Lyckenvik with the ambition to build the next generation security service. Hemla wants to redefine what security means by, among other things, integrating AI technology and plans to launch its product in spring 2025. The company is run by the entrepreneurs behind the delivery company Budbee, later Instabee, with an extensive track record of challenging monopolies and slow-moving industries. Flat was also one of the first external investors in Budbee in 2013, which was founded and run by Fredrik Hamilton
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Flat Capital AB (publ) (“Flat”) invests approximately 22 MSEK in SpaceX, or Space Exploration Technologies Corp, which designs, manufactures and launches some of the world's most advanced rockets and spacecraft. SpaceX was founded in 2002 by CEO Elon Musk to revolutionize space transportation with the vision of enabling humans to live on other planets. Flat's investment is made through a Special Purpose Vehicle (“SPV”) and involves market-based management costs. The investment of 22 MSEK is made through two sub-investments of which approximately 18 MSEK has been completed