Flat Capital raises SEK 100 million in IPO oversubscribed by over 27,000 investors

20 October 2021

Flat Capital is an investment company with a genuine long-term perspective that invests in people who are passionate, dedicated, have potential and skin in the game.

The company was founded 2013 by Nina Siemiatkowski and Sebastian Siemiatkowski (co-founder & CEO of Klarna) and has since then built a portfolio of 13 companies.

At the time of the IPO the largest holdings are Klarna, Budbee and Truecaller. Since start the current portfolio (excluding Klarna) has had an impressive development with an annualised return of 40.8 percent and a MOIC of 5.1x.

The IPO was heavily oversubscribed (volume over SEK 1.2 billion) by over 27,000 investors. Flat Capital will use the proceeds for investments in new companies and to support current holdings.

Augment acts as financial advisor in IPO and as Certified Adviser on Nasdaq First North Growth Market.

Read full press release here (in Swedish)