Flashpoint Venture Capital, a diversified international technology investment firm, is announcing the first close of its third venture capital fund targeting US$75-100m.
Launched in 2012 by General Partners Alexander Konoplyasty and Michael Szalontay, the firm has an investment model combining early-stage venture capital, venture debt and a later stage secondary fund expected to be launched in the near future.
Flashpoint backs international companies founded by management teams from Central and Eastern Europe, Israel, the Baltics, Finland and the CIS, helping them grow beyond their home geographies and into the US and Europe.
Its principals have deep local connections in their key markets of Budapest, London, Riga, Tel Aviv and Warsaw, knowing the founders that they back personally, closely and for a long time. The team takes a data-driven approach to investment sourcing, selection and analysis, which is driven by proprietary developed technology and AI. The Flashpoint platf