Shoshanna Solomon is The Times of Israel's Startups and Business reporter
Michael Szalontay, left, and Alexander Konoplyasty, co-founders of tech investment firm Flashpoint at their London HQ (Courtesy)
European VC firm Flashpoint said that it plans to invest “at least” $100 million in Israeli startups over the next three years, after it raises a targeted $200 million in a secondary fund.
The London-based firm, which has $350 million in assets under management, said it has completed a first close of $70 million of the new secondary fund, and aims to close the fund by early 2022.
The new fund will invest in later-stage tech companies, providing the selected firms also with the mentorship and expertise of the Flashpoint team, the tech investment firm said in a statement.