HomeUKFlashpoint Venture Capital Continues Expansion in The US

Flashpoint Venture Capital Continues Expansion in The US

Flashpoint_Logo

Flashpoint Venture Capital, a London, UK-headquartered international tech investment manager focused on US tech companies originating out of Israel and Europe, is continuing to expand its presence in the United States opening a new office in New York.

Flashpoint, with offices across Europe and Israel, will leverage the new office to support its increased US investment activity. 22 out of 47 active companies in Flashpoint’s portfolio already have operations in the US. These investments encompass a variety of industries, including enterprise software, consumer, fintech and healthcare IT, covering all stages from late-seed to pre-IPO. Many of our investments have graduated from Y-Combinator, while growth stage companies have already raised capital from leading institutional investors including General Atlantic, Tiger Global, APAX Digital, Alpha Wave Global, Index Ventures, Sixth Street, Vostok New Ventures, Mubadala.

The companies within the firm’s US portfolio include Guesty, Booksy, Chili Piper, Accel Club, K2View, Preply, Mesh, IntelliBoard, TraceAir, QMENTA, testRigor, Tomi.ai, Makini, Allset, nGrow, Cattle Care, Hints, Qonversion, Evidently.ai, Intone, and intento. To date, they have raised over US$430m in total, primarily from US investors. The US market is important for Flashpoint in terms of fundraising and exits. Half of their 15 exits have been to US investors. The largest exit in the US was the sale of chess.com to PokerStars founders and General Atlantic. In addition, up to 60% of Flashpoint’s investor base is from North America.

Led by Tony Fedorov, Flashpoint Partner, the office in New York will help nurture existing investments, as well as facilitate rapid expansion deeper into the US market. As the European and US markets become more intertwined, more and more Israeli and European founders seek to relocate and scale their business with feet on US ground.

Flashpoint is an international tech investment manager with over $400 million AUM and offices in London, New York, Tel-Aviv, Budapest, Warsaw, Riga and Nicosia. Investors in Flashpoint’s funds include Széchenyi Funds, a Hungarian fund manager, and more than 130 major family offices and HNWIs.

VCWire

03/10/2023