Flashpoint Venture Capital, a London, UK-based worldwide expertise funding agency, closed VCIII Fund, at US$102m.
The agency manages fairness and debt funds which are centered on international Sequence A tech startups originating in Rising Europe and Israel.
Széchenyi Funds, a Hungarian fund supervisor, is to speculate $20m, which permits VC III to succeed in its goal fund measurement of over US$100 million, changing into Flashpoint’s first institutional restricted companion.
Whereas Széchenyi Funds’ focus is on monetary establishments, massive corporates, and extra mature SMEs, Flashpoint gives start-ups with “sensible cash” via home incubators and accelerators and particularly via fund of funds investments.
Led by Michael Szalontay and Alexander Konoplyasty, Flashpoint is a world funding group with over с. US$450m AuM and a concentrate on Western Tech Corporations based by expats from Rising Europe & Israel. Flashpoint manages six enterprise funds: 4 VC funds, a Enterprise Debt Fund, and a Secondary Fund. Traders in Flashpoint’s funds embrace greater than 130 main household places of work and HNWIs. The corporate has places of work in London, Tel-Aviv, Budapest, Warsaw, Riga, and Nicosia. The funds have made investments in over 55 corporations together with names resembling Guesty, Chili Piper, and Workplace RnD. Flashpoint has accomplished eleven exits, together with the sale of its stakes in Shazam (to Apple) and Chess.com (to PokerStars founders and Common Atlantic).
Led by Dénes Jobbágy, CEO and president, Széchenyi Funds is among the largest and most lively traders within the home capital market. It manages property of over USD 400 million, together with 80+ portfolio corporations. It really works carefully with its proprietor, the Rudolf Kalman Basis for the Óbuda College, which permits for a excessive diploma of synergy between technical and financial disciplines and sensible enterprise. The goal of the Széchenyi Funds is to contribute to the long-term development and stability of the Hungarian financial system by investing capital in excessive value-added enterprises.