Key Takeaways
- • Flashpoint Venture Capital, a tech investment manager with over $400 million AUM, has opened a new office in New York to expand its US investment activity, according to a Business Wire release.
- • Of Flashpoint's 47 active portfolio companies, 22 have significant US operations, and the firm has raised over US$430 million in total, primarily from US investors.
- • Half of Flashpoint's 15 exits have gone to US investors, with the largest US exit being the sale of Chess.com to PokerStars founders and General Atlantic.
- • Up to 60% of Flashpoint's investor base is North American, per the firm.
Summary
Flashpoint Venture Capital, an international tech investment manager with over $400 million in assets under management, is expanding its footprint in the United States, according to a company press release distributed by Business Wire. The firm, which is headquartered in London and has offices across Europe and Israel, recently opened an office in New York to support increased US investment activity and to help nurture existing portfolio companies.
Flashpoint focuses on US tech companies originating out of Israel and Europe. Its core strategy is to provide capital to European and Israeli founders who aim to scale globally. Citing CBInsights, Dealroom and its own estimates, the firm said more than 60% of all unicorns are US or Western European based, and about 20% of these unicorns have expat founders from Central and Eastern Europe and Israel. Of the 47 active companies in its portfolio, 22 have significant US operations. Notable US portfolio companies include Guesty, Booksy, Chili Piper, K2View, Preply, Mesh and testRigor, among others.
The firm says it has raised more than US$430 million in total, primarily from US investors. Its investments span enterprise software, consumer, fintech and healthcare IT, across stages from late-seed to pre-IPO. Growth-stage companies in the portfolio have attracted capital from institutional investors including General Atlantic, Tiger Global, APAX Digital, Index Ventures, Sixth Street, Vostok New Ventures and Mubadala.
Flashpoint states that the US is important for both fundraising and exits. It has completed 15 exits, half of them to US investors. Other notable exits cited include Shazam (to Apple), Marketman (to PSG), Gurushots (to Zedge) and Comeet (to Boathouse Capital). The firm manages six venture funds across three products: Venture Capital, Venture Debt and Direct Secondary. Its investors include Hungary's Széchenyi Funds and more than 130 family offices and high-net-worth individuals.
Tony Fedorov, Flashpoint Partner and head of the US office, said the firm is excited to build relationships with innovative companies and entrepreneurs as it grows in the US. The release does not disclose fund sizes for the new vehicles or specific financial performance metrics.
Flashpoint focuses on US tech companies originating out of Israel and Europe. Its core strategy is to provide capital to European and Israeli founders who aim to scale globally. Citing CBInsights, Dealroom and its own estimates, the firm said more than 60% of all unicorns are US or Western European based, and about 20% of these unicorns have expat founders from Central and Eastern Europe and Israel. Of the 47 active companies in its portfolio, 22 have significant US operations. Notable US portfolio companies include Guesty, Booksy, Chili Piper, K2View, Preply, Mesh and testRigor, among others.
The firm says it has raised more than US$430 million in total, primarily from US investors. Its investments span enterprise software, consumer, fintech and healthcare IT, across stages from late-seed to pre-IPO. Growth-stage companies in the portfolio have attracted capital from institutional investors including General Atlantic, Tiger Global, APAX Digital, Index Ventures, Sixth Street, Vostok New Ventures and Mubadala.
Flashpoint states that the US is important for both fundraising and exits. It has completed 15 exits, half of them to US investors. Other notable exits cited include Shazam (to Apple), Marketman (to PSG), Gurushots (to Zedge) and Comeet (to Boathouse Capital). The firm manages six venture funds across three products: Venture Capital, Venture Debt and Direct Secondary. Its investors include Hungary's Széchenyi Funds and more than 130 family offices and high-net-worth individuals.
Tony Fedorov, Flashpoint Partner and head of the US office, said the firm is excited to build relationships with innovative companies and entrepreneurs as it grows in the US. The release does not disclose fund sizes for the new vehicles or specific financial performance metrics.
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