About Flat Capital
Flat Capital is a venture capital firm founded in 2013. It is primarily based out of Stockholm, Sweden. As of Oct 2024, Flat Capital is an active investor, having invested in 24 companies, with 1 new investment in the last 12 months. It primarily invests in Series E round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Retail. Most recently it led the $42.2M Series C round of Budbee along with Kinnevik. This round also saw participation from CNI and other investors.
Overall, Flat Capital portfolio has seen 5 unicorns, 2 IPOs and 3 acquisitions including key companies like Klarna, DeepL and Omio. A lot of funds co-invest with Flat Capital, with names like Tiger Global Management sharing a substantial percentage of its portfolio.
Flat Capital has team of 5 people including 5 partners.
Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A &
Portfolio IPOs
Portfolio Acquisitions
Portfolio Unicorns
Portfolio Soonicorns
Deals in last 12 months
Flat Capital's Year-on-Year Investment Trends
Flat Capital has invested in 24 companies over the last 12 years, with an average of 1 new investment annually in the last 10 years. In 2024, it made 2 investments. Its most recent first time investment was in and most recent follow-on round was in Quartr.
Year | No. of Investments | ||
|---|---|---|---|
1stÌý¸é´Ç³Ü²Ô»å | Follow-on | Total | |
2025 (YTD) | 0 | 0 | 0 |
2024 | 2 | 0 | 2 |
2023 | 2 | 0 | 2 |
2022 | 4 | 1 | 5 |
2021 | 2 | 0 | 2 |
2020 | 0 | 0 | 0 |
2019 | 1 | 0 | 1 |
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Flat Capital's Investments by Stage
Flat Capital has made 3 investments in Seed stage with an average round size of $1.65M, 2 investments in Series A stage with an average round size of $9.05M and 2 investments in Series B stage with an average round size of $64.2M.Note: We have considered here, only first round of investments
Stage of entry | No. of Investments |
|---|---|
Seed | 3 |
Series A | 2 |
Series B | 2 |
Series C | 2 |
Series E | 2 |
Others | 1 |
Flat Capital's Investments by Sector
Flat Capital has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, High Tech, Mobile and Artificial Intelligence - Industry Applications. Notably, it has invested in 23 Tech companies, 15 Enterprise (B2B) companies, 13 Software companies and at least 12 companies focusing on Consumer (B2C).
Note: We have considered here, only first round of investments
Sector | No. of Investments |
|---|---|
Enterprise Applications | 7 |
Consumer | 4 |
High Tech | 4 |
Mobile | 3 |
Artificial Intelligence - Industry Applications | 1 |
Others | 13 |
Flat Capital's Investments by Geography
Flat Capital has made most investments in United States (5), followed by Sweden where it has made 4 investments.
Note: We have considered here, only first round of investments
Country | No. of Investments |
|---|---|
United States | 5 |
Sweden | 4 |
Germany | 1 |
India | 1 |
Vietnam | 1 |
Flat Capital's recent investments
Here are the most recent investments by Flat Capital:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Oct 24, 2024 | Sweden | Seed | $2.83M | ||
Apr 10, 2024 | United States | Series B | $28.5M | Nordstjernan Growth [+5] | |
Apr 28, 2023 | United States | Series E | $300M | ||
Jan 11, 2023 | Germany | Series B | $100M | [+5] | |
Jul 13, 2022 | Sweden | Seed | $2.6M | Ohman [+4] |
Get the detailed list of all investments by Flat Capital. Download now!Unicorns in Flat Capital's Portfolio
Here is a list of unicorns in Flat Capital's portfolio:
ÃØÃÜÑо¿Ëù Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
76 | AI, SaaS, and neural network-based machine translation tools | 2009 | Cologne | Series C | d{n{jyb | ||
78 | Developer of an online platform for point-of-sale financing | 2005 | Stockholm | Series H | qelejhn | ||
73 | Cloud-based HR software for distributed teams | 2019 | San Francisco | Series C | oxwluwd | ||
75 | App based platform offering multi-category grocery products | 2015 | Istanbul | Series E | hsaxupo | ||
75 | App-based platform for booking transport services | 2013 | Berlin | Series E | bchnzbg |
IPOs and Publicly Listed companies in Flat Capital's Portfolio
Here are Flat Capital's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Oct 08, 2021 | 2013 | Series A | $93.5K | |
May 12, 2021 | - | - | - |
Acquired companies in Flat Capital's Portfolio
Here are Flat Capital's portfolio companies that got acquired most recently:
Team profile of Flat Capital
Flat Capital has a team of 5 membersÌýincluding 5 PartnersÌýlocated in Sweden. Flat Capital's team sits on the board of 1 company.Here is a list of all team members in Flat Capital:
Name | Designation | Location | Board Memberships | Contact details |
|---|---|---|---|---|
Partner | Stockholm | |||
Partner | Stockholm | - | ||
Partner | Stockholm | - | ||
Partner | Stockholm | - | ||
Partner | Stockholm | - |
Get the full list of Flat Capital's team & partners for free. Download now!Co-investors of Flat Capital
Over the past 12 years, 196 investors have co-invested in Flat Capital's portfolio companies.
- Invested before Flat Capital:ÌýIndex Ventures, Greylock and 88 others have invested in rounds before Flat Capital. There are 3 companies where Index Ventures has invested before Flat Capital and 2 companies where Greylock has invested before Flat Capital.
- Top Co-investors of Flat Capital:Ìý38 investors entered a company along with Flat Capital. These include investors like Tiger Global Management (1 company).
- Invested after Flat Capital:ÌýA total of 68 investors have invested in Flat Capital's portfolio after their investments. Top Investors include Morgan Stanley (2 companies), ARK Investment Management (1 company) and NVIDIA (1 company).
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Recent News related to Flat Capital
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