London-based investment firm that manages venture capital, growth secondary, and venture debt funds, Flashpoint has extended its Venture Scouting programme, which it had launched last year.
The VC is now expanding network in Europe and the U.S. by partnering with angel investors, lawyers, tech executives, and best-in-class entrepreneurs who can monetise their network and attract deal flow by introducing the group to the top early-stage startups in the market. It has the capacity to make over 20 investments a year, which provides an opportunity for venture scouts.
Founded by Alexander Konoplyasty and Michael Szalontay in 2012, the company will look at bringing on board at least two scouts in every core market (CEE countries, Israel and Finland) as well as partner with scouts from Western Europe and the U.S. that can help to source CEE founders starting their business outside of their home market. It will focus on software businesses in gaming, hardware, cybersecurity, biotechnology and life science industries.
It launched the Venture Scout Program in 2021. Scouts are pre-screened and onboarded to Flashpoint technology stack and investment strategy in the closed programme. Scouts can leverage their network and help the Flashpoint team to connect with selected companies and facilitate the investment transaction. Currently, over 20 Scouts from CEE, Israel, and Western Europe have joined the programme.
During 2021 alone, the company’s funds invested in 23 new companies and made 11 follow-on investments into the existing portfolio companies for a total of $93 million. The funds have made investments in over 50 companies including names such as Guesty, Chili Piper and Borzo (Dostavista). Flashpoint has completed ten exits, including the sale of its stakes in Shazam (to Apple) and Chess.com (to PokerStars founders and General Atlantic).