22.12.2020
This European VC wants to invest £75M in software startups from Central & Eastern Europe, Israel, Baltics, Finland and CIS
Many believe that technology companies across the world have great potential to drive future business transformation and long-term value. And Flashpoint Venture Capital is one among them.
Against all odds, the year 2020 has been a record year of investments in the tech space. According to a report by Atomico, European VC is standing on its own feet, continuing its outperformance versus other key indices, and reducing its dependence on government agency funding.
Now another leading international technology investment firm with its roots from Budapest, that specifically backs companies founded by management teams in Central and Eastern Europe, Israel, the Baltics, Finland and the CIS, has now announced the 1st close of its third VC fund targeting $100 million (£75 million approximately).
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