Flashpoint Venture Capital Closes VCIII Fund, at US$102M
Summary
The firm manages equity and debt funds that are focused on global Series A tech startups originating in Emerging Europe and Israel. Led by Michael Szalontay and Alexander Konoplyasty, Flashpoint is an international investment group with over с. US$450m AuM and a focus on Western Tech Companies founded by expats from Emerging Europe & Israel. Flashpoint has completed eleven exits, including the sale of its stakes in Shazam (to Apple) and Chess.com (to PokerStars founders and General Atlantic). It works closely with its owner, the Rudolf Kalman Foundation for the Óbuda University, which allows for a high degree of synergy between technical and economic disciplines and practical business. The aim of the Széchenyi Funds is to contribute to the long-term growth and stability of the Hungarian economy by investing capital in high value-added enterprises.