Flat Capital AB (publ) ("Flat") publishes its interim report for January-March 2024. Net asset value per share decreased by -2.4% compared to the previous quarter to SEK 8.20 per share. During the quarter, two investments were announced; in the legal AI company Harvey through a so-called Special Purpose Vehicle ("SPV"), and the data and AI company Oden Technologies that serves the manufacturing industry. Flat recognize a somewhat improving market environment and with a strong cash position the company intend to take advantage of the attractive opportunities that arise through Flat's global and unique network
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