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Today: November 13, 2024
August 9, 2024
1 min read

Flint Capital secures $160M amid turbulent market conditions in Boston

TLDR:

  • Flint Capital, a Boston-based VC fund, closes its third fund, raising $160 million.
  • Investors include global IT entrepreneurs and founders of Flint Capital portfolio companies.

Flint Capital has closed its third venture capital fund, securing $160 million amidst market downturn. The fund will support early stage startups in the European and Israeli markets, focusing on industries such as Cybersecurity, Digital Health, Fintech, Enterprise SaaS, and B2C. The fund will also include an Opportunity Fund to provide additional support to portfolio companies as they scale. Flint Capital plans to invest in about 25 companies, with 12 deals already completed. The fund’s investment thesis centers around investing in startups with mature founders and strong potential for growth. The venture fund was launched in 2013 by Dmitry Smirnov, Andrew Gershfeld, and Sergey Gribov, with a focus on supporting startups in entering the US market. Flint Capital has previously backed three unicorns in its portfolio and invested in companies with notable exits. The addition of the Opportunity Fund will allow Flint Capital to support its portfolio companies throughout their full startup life cycle.

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