Key Takeaways
- • Flashpoint Venture Capital has opened a New York office to increase its on-the-ground presence in the United States, raising its footprint to 7 cities.
- • Approximately 50% of Flashpoint's portfolio revenue is generated in the US, and about 25% of capital raised in its latest funds has been sourced from the Americas.
- • The firm's US portfolio includes 16 companies, and Flashpoint funds have completed US exits including Shazam (to Apple), Chess.com (to General Atlantic) and Marketman (to MealTicket).
- • Tony Fedorov, a Partner who has managed Flashpoint's Israel operations since joining in 2014, will lead the New York office.
- • Flashpoint manages over $450M in AUM across six funds, with more than 130 investors including European institutional investors, family offices and HNWIs.
Summary
Flashpoint Venture Capital, an international technology investment firm, has opened a new office in New York to serve as a focal point for its activities as it seeks to expand its on-the-ground presence in the United States, according to a Business Wire release. The firm manages equity and debt funds focused on US and international technology start-ups originating in Emerging Europe and Israel.
The firm reported that approximately 50% of its portfolio revenue is generated in the United States and approximately 25% of capital raised in its latest funds has been sourced from the Americas. Its US portfolio now includes 16 companies, including Chili Piper, Booksy, Traceair, IntelliBoard, Qmenta, TestRigor and Allset. Flashpoint funds have also completed several US exits, including the sale of Shazam to Apple, Chess.com to General Atlantic and Marketman to MealTicket.
The New York office will be managed by Tony Fedorov, Partner at Flashpoint, who has overseen the firm's operations in Israel. Fedorov joined Flashpoint in 2014, sits on the boards of several software companies including Comeet, TraceAir, Gaviti and Particula, and is director of SummerSaaS, an annual VC forum initiated by Flashpoint in 2020 that has attracted over 3,000 attendees.
General Partner Alex Konoplyasty said the office opening is a natural step in the firm's growth plans, noting that many deals are executed in the US and a large portion of portfolio companies are physically present there. General Partner Michael Szalontay said the firm is already working with US investors at both the portfolio company and limited partner level, and that a permanent office will help provide a bridge for founders from Emerging Europe into the US.
The New York opening brings Flashpoint's office network to seven cities, complementing London, Warsaw, Budapest, Riga, Tel-Aviv and Nicosia. The firm describes itself as an investment group with over $450M in AUM, managing six venture funds (four VC funds, a Venture Debt Fund and a Secondary Fund), with more than 130 investors and investments in over 55 companies. It has completed twelve exits.
The firm reported that approximately 50% of its portfolio revenue is generated in the United States and approximately 25% of capital raised in its latest funds has been sourced from the Americas. Its US portfolio now includes 16 companies, including Chili Piper, Booksy, Traceair, IntelliBoard, Qmenta, TestRigor and Allset. Flashpoint funds have also completed several US exits, including the sale of Shazam to Apple, Chess.com to General Atlantic and Marketman to MealTicket.
The New York office will be managed by Tony Fedorov, Partner at Flashpoint, who has overseen the firm's operations in Israel. Fedorov joined Flashpoint in 2014, sits on the boards of several software companies including Comeet, TraceAir, Gaviti and Particula, and is director of SummerSaaS, an annual VC forum initiated by Flashpoint in 2020 that has attracted over 3,000 attendees.
General Partner Alex Konoplyasty said the office opening is a natural step in the firm's growth plans, noting that many deals are executed in the US and a large portion of portfolio companies are physically present there. General Partner Michael Szalontay said the firm is already working with US investors at both the portfolio company and limited partner level, and that a permanent office will help provide a bridge for founders from Emerging Europe into the US.
The New York opening brings Flashpoint's office network to seven cities, complementing London, Warsaw, Budapest, Riga, Tel-Aviv and Nicosia. The firm describes itself as an investment group with over $450M in AUM, managing six venture funds (four VC funds, a Venture Debt Fund and a Secondary Fund), with more than 130 investors and investments in over 55 companies. It has completed twelve exits.
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