Flashpoint Newsletter 1H2024
Flashpoint
Since 2012, we have been investing in U.S. and Western European tech companies originating from Europe and Israel
Welcome to the 1H2024 Newsletter from Flashpoint Venture Capital, where we showcase our highlights for the first half of the year across our investments, ecosystem, and trends.
?? Venture Capital strategy
Flashpoint took part in TraceAir's Series B Funding Round co-led by PeakSpan Capital and Flashpoint, we initially invested in TraceAir back in 2021 and since then made a number of follow-ons into the company.
We announced our 70th deal - investment into Dodona Analytics - an eMobility platform supporting companies planning EV (electric vehicle) charging networks. Following this announcement our investment team published an analytical article – an Overview of the EV Charging Landscape
We created the Flashpoint co-invest community to discuss live and upcoming co-investment opportunities amongst Flashpoint's best portfolio companies. Since the launch in February 2024 the community grew to 180 members and 3 deals were closed for the total of $7mln in 1H2024.?
Flashpoint has recently streamlined the Scout program, fully automating the onboarding, processing and communication workflows which increases transparency and speed of execution within the investment cycle.
?? Growth Debt strategy?
Flashpoint Growth Debt funds recently financed CropX and Whizz. Whizz is a NY-based e-bike subscription platform for last-mile delivery couriers that raised $12 million in a Series A funding round. Crop X is one of the world's leading providers of agronomic farm management solutions.?
We also made a follow-on into our portfolio company, Bob W, a tech-powered hospitality operator, joining its €40 million Series B round.?
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?? Direct Secondary strategy
Flashpoint Secondary exited from the food ordering platform Allset, which was acquired by SoundHound AI. The acquisition will enable consumers to use cutting-edge voice AI to order food from their vehicles, phones, and smart devices.
??? Flashpoint thought leadership in the region?
We teamed up with Dealroom.co to create a Startup Efficiency Index, starting first by analyzing our own data.
Following the active exit period in 2023 and early 2024 we published our view on “The Exit Challenge: Why Venture Capital Struggles with Timely Returns” for Vestbee, and “Why are Exits a Perennial Problem for VCs?” for the Forbes Finance Council.
To support our co-investment initiatives Michael Szalontay published his new article for Forbes Finance Council - Co-Investment as a Stand-Alone Product in the VC Space
Tony Fedorov, Partner at Flashpoint VC, participated in a number of podcasts:
Venture Debt Made Simple for First-Time Entrepreneurs in a recent podcast with Denis Mosolov for Prodcircle.
We re-launched our website and added the Job section consolidating all vacancies in our portfolio companies.