Flashpoint Venture Capital Announces US$102 Million Close of Its VCIII Fund Having Secured Its First Institutional Investment Limited Partner
Flashpoint Venture Capital, an international technology investment firm that manages equity and debt funds that are focused on global Series A tech startups originating in Emerging Europe and Israel, announces that Széchenyi Funds signed up for a commitment of US$20 million in Flashpoint’s VC III fund becoming Flashpoint’s first institutional limited partner.
While Széchenyi Funds’ focus is on financial institutions, large corporates, and more mature SMEs, it provides start-ups with "smart money" through domestic incubators and accelerators and especially through fund of funds investments.
Michael Szalontay, co-founder and General Partner at Flashpoint commented: “We are delighted to reach our initial goal of over US$100m in commitments for our VC III fund despite the extremely challenging backdrop for fundraising. Being a Hungarian, I am especially proud that our first institutional investor is from Hungary as we are pursuing a shared mission in developing the venture capital ecosystem in Hungary and the Carpathian basin.”
Alexander Konoplyasty, co-founder, General Partner at Flashpoint, and the Managing Partner for Flashpoint VC III said: “We have a tailored strategy to invest in b2b software companies in Western markets where we are particularly focussing on founders who originate from Emerging Europe and Israel. 1/5th of Western unicorns were founded by expats from Eastern Europe and Israel – they are much more cost-efficient than an average U.S. start-up and there is tremendous pent-up demand for capital among them. We, therefore, bring a strong cultural fit, a wide business network and we look forward to equipping our founders for the next phases in their development.”
Dénes Jobbágy, CEO and president of Széchenyi Funds added: “We know from experience that Emerging Europe talent and professional investment is a highly efficient combination. Especially so in the following years when increasing cost efficiencies through technology will be more important than ever before.”
About Flashpoint
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 manages six venture funds: four VC funds, a Venture Debt Fund, and a Secondary Fund. Investors in Flashpoint’s funds include more than 130 major 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 such as Guesty, Chili Piper, and Office RnD. Flashpoint has completed eleven exits, including the sale of its stakes in Shazam (to Apple) and Chess.com (to PokerStars founders and General Atlantic).
About Széchenyi Funds
Széchenyi Funds is one of the largest and most active investors in the domestic capital market. It manages assets of over USD 400 million, including 80+ portfolio companies. 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.
To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220802005674/en/
Contact information
For More information please contact:
Eddie Waller, Instinctif Partners
Eddie.waller@instinctif.com
About Business Wire
For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
Sonoma Biotherapeutics Congratulates Fred Ramsdell, PhD, Co-Founder and Scientific Advisory Board Chair, on Receiving the 2025 Nobel Prize in Physiology or Medicine...6.10.2025 21:56:00 EEST | Press release
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251006532845/en/ Fred Ramsdell, PhD Sonoma Biotherapeutics Congratulates Fred Ramsdell, PhD, Co-Founder and Scientific Advisory Board Chair, on Receiving the 2025 Nobel Prize in Physiology or Medicine for his work in Immunotherapy and Breakthrough Understanding of the Role of Regulatory T cells (Tregs) Sonoma Biotherapeutics, Inc., a clinical-stage biotechnology company developing engineered regulatory T cell (Treg) therapies for autoimmune and inflammatory diseases,is honored to announce that Fred Ramsdell, PhD, Sonoma Biotherapeutics co-founder, past Chief Scientific Officer (CSO), and current chair of the Scientific Advisory Board, was named a winner of the 2025 Nobel Prize in Physiology or Medicine. “Congratulations to Fred Ramsdell, co-founder of SonomaBio, and a valued friend and colleague. Like many great scientists, Fred spent years working behind the scenes to identify
U.S. Army Awards Pacific Defense Contract for CMFF Mounted Common Infrastructure6.10.2025 19:00:00 EEST | Press release
The U.S. Army has awarded Pacific Defense a multi-year contract for the Army’s C5ISR Modular Open Suite of Standards (CMOSS) Mounted Form Factor (CMFF) Mounted Common Infrastructure (MCI) —a critical step in the Army’s acceleration of networked warfighting capabilities. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251006130032/en/ Pacific Defense Multi-Domain C5ISR Under the contract from the Program Executive Office C3N, Pacific Defense will deliver CMFF MCI systems beginning in November 2025 to support soldier experimentation, software integration, and user interface development leading to full vehicle-mounted soldier evaluations in 2026. CMFF MCI spans both ground and aviation platforms and includes plans for integration of capability including communications, command and control (C2), assured PNT (APNT), and EW/SIGINT, all integrated into one standardized a-kit vehicle envelope (SAVE) compliant chassis via plug-in-card
HCLTech Earns Dual Recognition From TIME Magazine as One of World’s Best Companies and Most Sustainable Companies 20256.10.2025 17:09:00 EEST | Press release
HCLTech, a leading global technology company, has been recognized by TIME magazine in two of its flagship global rankings: the World’s Best Companies 2025 and the World’s Most Sustainable Companies 2025. These two rankings include several key highlights: Highest-ranked India-headquartered technology company for the second consecutive year and ranked among the top 20 global companies in Professional Services in World’s Best Companies 2025 Ranked among the top 15 in Professional Services in World’s Most Sustainable Companies 2025 The World’s Best Companies 2025 ranking evaluates organizations across three key dimensions: employee satisfaction, revenue growth and sustainability transparency. HCLTech demonstrated strength across all measures, reporting $13.8 billion in consolidated FY25 revenue with 4.7% constant currency growth, alongside a diverse workforce with 29% women globally and 50% women on the board of directors. The company was also included in the S&P Global Sustainability Year
DEWA collaborates with several organisations to expand EV fast charging network6.10.2025 16:51:00 EEST | Press release
Dubai Electricity and Water Authority (DEWA) has signed agreement and contracts to expand the electric vehicle (EV) charging network across Dubai, as part of its EV Green Charger initiative, launched in 2014. DEWA signed the contracts and agreements with Emirates National Oil Company (ENOC), Dubai Taxi and Parkin company. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251006298551/en/ DEWA collaborates with several organisations to expand EV fast charging network (photo: AETOSWire) “In collaboration with our partners from the government and private sectors, we are enhancing Dubai’s green mobility journey by building and developing an integrated infrastructure for charging electric vehicles. This contributes to reducing carbon emissions and achieving the goals of the Dubai Clean Energy Strategy 2050, the Dubai Net Zero Carbon Emissions Strategy 2050 and the Dubai Green Mobility Strategy. We continue to work with our partners
SEGA® Teams up with the International Olympic Committee on a New Multi-Year Licensing Agreement Celebrating the Olympic Brand and Sonic the Hedgehog™6.10.2025 16:00:00 EEST | Press release
Today, SEGA CORPORATION and the International Olympic Committee (IOC), the guardian of the Olympic Games and the leader of the Olympic Movement, announced a new multi-year agreement celebrating the legacies of Sonic the Hedgehog and the Olympic brand. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251006694913/en/ The first look at the upcoming “Five Rings” collaboration is available now, featuring the Olympic rings with a supersonic Sonic the Hedgehog spin. This sneak peek into the custom art highlights the connection with Sonic and the core Olympic values, including excellence, respect and friendship. SEGA & IOC are seeking key partners for a full merchandise collection to launch in 2026. “We’re committed to fostering respectful and inclusive communities across the globe at SEGA,” said Shuji Utsumi, President and COO, Representative Director of SEGA CORPORATION. “Partnering with the International Olympic Committee allows u
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom