Katalysen Ventures publishes revised 2023Q4 Report following bankruptcy declaration by Payer Financial Services
Katalysen Ventures AB (publ) ("Katalysen", the "Company") hereby publishes a revised 2023Q4 report, which is available immediately on the Company's website and as an attachment to this press release.
This publication is the result of the recent declaration of bankruptcy by Payer Financial Services AB ("Payer"), which has necessitated a full write-down (SEK 9.2M, including loans) of Payer's assets in Katalysen's books and in the 2023 Annual Report. The valuation of Payer in the Company's portfolio valuation has also been adjusted down from SEK 9.0 million to SEK 0.
For more information on Katalysen Ventures, please contact:
CEO Peter Almberg
Phone: +46 76 860 37 00
E-mail: contact@katalysen.com
Web: www.katalysen.com
About Katalysen Ventures: Katalysen Ventures, established in 2016 in Stockholm, is a publicly listed venture developer for entrepreneur-led ventures. From our offices in Stockholm and Geneva, we actively support our portfolio of early-stage innovation ventures. As a dynamic force in the startup ecosystem, we propel visionary ideas to tangible success. With a passion for disruption, we empower entrepreneurs, provide strategic guidance and hands-on support, and fuel growth through our diverse network of venture co-developers and co-investors.