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The Venture Codex

Flat Capital

Norrlandsgatan 10, c/o Cecil Coworking AB, Stockholm, 111 43, Sweden

Overview

Flat Capital invest in people who are passionate, dedicated, have potential and skin in the game.

Total investments
7
Lead investments
2
Investments · 12mo
2
Active investors
4
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Investment portfolio

  • Pixelgen Technologies

    Led · Series B · Aug 2026

    Pixelgen Technologies commercializes the Proxiome Kit, the first high-throughput platform to map molecular cell architecture at nanoscale resolution using its Proximity Network Assay. The platform reveals how proteins are organized, clustered and localized on the surface of single cells, enabling researchers to study architectural features of cell state, disease and treatment response beyond protein abundance measurements. Pixelgen targets research applications across immunology, hematology, oncology and cell therapy. The company offers accompanying data analysis and visualization software as part of its product portfolio. Founded in 2020 and headquartered in Stockholm, Pixelgen is now scaling commercialization and global expansion following its Series B. Recent funding and board additions aim to support commercial growth, product expansion and digital capabilities.

  • Alpaca

    Participated · Series D · Jan 2026

    Alpaca operates a brokerage infrastructure API that powers fintechs, banks, broker-dealers, wealth managers, algorithmic trading firms, active traders, and crypto-native financial platforms. The company supports over 10 million brokerage accounts across hundreds of fintechs and institutions in more than 40 countries. Alpaca has expanded its regulated footprint through acquisitions, including an IFSCA-regulated broker-dealer and payment service provider in GIFT City and UK/European entities with passporting across the EEA, and has launched global equities access beginning with European equities. It has onboarded major global crypto exchanges and tokenization platforms, reported doubling revenue year-over-year for three consecutive years, and surpassed $1.5 billion in assets under custody for underlying stocks backing tokenized equities. Alpaca plans to use the new financing to accelerate its agent-first brokerage and API-first prime brokerage infrastructure to support tokenized markets and AI-native financial services.

  • Oden Technologies

    Participated · Series B · Apr 2024

    Oden Technologies provides AI-driven solutions that transform complex manufacturing data into actionable insights for front-line workers. Its platform delivers real-time process recommendations and predicted outcomes directly to operators, ensuring they have the exact information needed to achieve peak production. Led by CEO Willem Sundblad, the company focuses on applying AI to resolve an industry-wide productivity plateau. Oden intends to use the new funding to accelerate development of AI products that address pressing manufacturing pain points. Financially, the company completed a $28.5M Series B to support that product roadmap. Oden Technologies builds retrofittable Industrial IoT hardware paired with a cloud analytics platform and software adaptors that integrate ERP and quality-control systems to give manufacturers real-time factory-floor visibility. Its device plugs into a wide range of machines to capture process, health and quality metrics (for example melt pressure, temperature profiles, dimensional readouts, RPM, motor load and production speed). Oden analyzes that raw data to surface alerts, identify defects and degrading performance, and recommend throughput and uptime optimizations that reduce waste and increase efficiency. The company positions its offering as enabling "perfect production": faster, cheaper manufacturing with less scrap. Oden recently hired Deepak Turaga as VP of Data Science to advance its machine‑learning and AI capabilities. It will use new funding to expand R&D and engineering in New York and to grow sales teams in manufacturing hubs across Illinois, Ohio and Texas.

  • Getir

    Participated · Convertible Note · May 2023

    Getir operates as a large food delivery company. The article lists a $250M fundraising for Getir. It also reports the company is restructuring into two separate businesses. The piece frames the raise as one of the week's notable and big funding rounds. No revenue, user metrics, investors, or instrument details were provided in the article. Getir is described in the announcement as one of the world’s leading logistics and technology companies offering hyper-fast delivery. Its core product is a hyper-fast delivery service built on logistics and technology capabilities. The company has, according to Flat Capital, demonstrated a dominant position despite a challenging market. Prominent investors are on its shareholder list, including Sequoia Capital and Mubadala Investment Company. Flat’s continued investment signals investor confidence and an expectation of opportunities to continue growing and creating a unique position in attractive markets. Getir operates an ultrafast grocery delivery service that uses company-owned micro-fulfillment centers (dark stores) and owned inventory to assemble orders for bike and scooter couriers. Customers can place orders without selecting delivery slots and typically receive deliveries within about 20–40 minutes. The company has expanded rapidly from its origins in Turkey to operate across nine countries, including the U.K., Germany, France, Italy, Spain, Netherlands, Portugal and the U.S. Getir reports roughly 40 million app downloads and manages about 1,100 dark stores. It is dominant in Turkey (operating in 81 cities) and covers 48 cities across its other markets. Management says the company will invest further in its proposition, technology and employees to continue growing in a capital-intensive, crowded market. Getir operates a rapid grocery delivery service that offers around 1,500 everyday items delivered to customers in minutes, seven days a week, day and night. The company runs multiple sub-brands including GetirFood, GetirMore, GetirWater and GetirLocals. It is active in 30 cities across Turkey and launched operations in the UK in January 2021 and the Netherlands in May 2021. Getir intends to use the new funding to continue its expansion into the United States. Financially, the company raised significant capital in 2021, marking this as its third round of the year and contributing to nearly $1bn raised since the start of 2021. Founded in 2015 by Nazim Salur, Serkan Borancili and Tuncay Tutek, Getir leverages founders' backgrounds in local taxi apps, e‑commerce exits and consumer goods leadership. Getir is an Istanbul-based startup founded in 2015 that operates a grocery delivery app offering deliveries in as little as ten minutes. Customers order groceries via its mobile app, and the company has begun international expansion, recently launching service in London. Getir reported that its revenues grew five-fold in 2020. The company has been an active fundraiser amid a broader investor rush into grocery delivery apps during the pandemic. Market interest is driven by accelerated consumer adoption of online grocery delivery in Europe.

  • Quartr

    Participated · Seed · Jul 2022

    Quartr positions itself as the leading first-party data layer for institutional finance and AI, specializing in structured, real-time coverage of public company events. Its products include Quartr Pro, an AI research platform used by hedge funds, asset managers, equity researchers, and IR professionals, and Quartr API, which serves as a data backbone for builders. The company serves more than 800 financial institutions and technology companies worldwide. Quartr reported triple-digit growth and strong unit economics, including Net Revenue Retention around 120%. With the new capital, Quartr plans to accelerate product development and expand its coverage further. The company highlighted Altos Ventures becoming its largest shareholder following the round.

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