Flashpoint Venture Capital opens an office in New York to support its activity in the United States

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NEW YORK–(BUSINESS WIRE)–Flashpoint Venture Capital, an international technology investment firm that manages equity and debt funds focused on U.S. and international technology start-ups from emerging Europe and Israel, has opened a new office in New York. The opening of the office will provide a focal point for Flashpoint’s activities as it seeks to increase its presence on the ground in the United States.

Currently, around 50% of Flashpoint’s portfolio revenue is generated in the US and around 25% of the capital raised in its latest funds comes from the Americas.

Flashpoint’s US portfolio now includes 16 companies, including successful companies such as Chili Piper, Booksy, Traceair, IntelliBoard, Qmenta, TestRigor, Allset and others. Flashpoint funds have had a number of exits in the United States, including notable transactions such as the sale of Shazam to Apple, Chess.com to General Atlantic, and Marketman to MealTicket.

Flashpoint’s New York office will be managed by Tony Fedorov, partner at Flashpoint, who manages Flashpoint’s operations in Israel. Tony joined Flashpoint in 2014 and sits on the board of several software companies including Comeet, TraceAir, Gaviti, Particula and others. Tony has worked on transactions such as Guesty, Borzo, as well as numerous outlets such as Chess.com and Getintent. Tony is the Director of SummerSaaS – Annual VC Forum launched by Flashpoint in 2020, having attracted over 3,000 attendees and hundreds of top VCs since then.

Alex Konoplyasty, General Partner at Flashpoint, commented: The opening of our New York office is a natural step in our growth plans. We execute many transactions in the United States and many of our portfolio companies have a physical presence there as well.

Michael Szalontay, General Partner at Flashpoint followed: “We are already working with a number of investors in the United States, both at the level of our holding company and at the level of the limited partners who support our funds. We would like to step up our efforts in this regard and the opening of a permanent office also supports our ability to provide a bridge for founders from emerging Europe to the United States.

This latest investment office opening in New York expands Flashpoint’s presence to 7 cities, complementing existing offices in London, Warsaw, Budapest, Riga, Tel Aviv and Nicosia.

About Flash Point

Flashpoint is an international investment group with over с. $450 million in assets under management and a focus on Western tech companies founded by expats from emerging Europe and Israel. Flashpoint manages six venture capital funds: four venture capital funds, one venture capital debt fund and one secondary fund. Flashpoint funds have over 130 investors, including European institutional investors, large family offices and HNWIs. The company has offices in London, Tel Aviv, Budapest, Warsaw, Riga and Nicosia. The funds have made investments in over 55 companies, including names like Guesty, Chili Piper, Booksy, Preply, Dispelix, and more. Flashpoint completed twelve exits, including the sale of its stakes in Shazam (to Apple), Chess.com (to the founders of PokerStars and General Atlantic) and Marketman (to MealTicket/PSG).

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