#London #United Kingdom #Technology Investment #Flashpoint #Direct Secondary Fund

Flashpoint Achieves First Close for Second Direct Secondary Fund

In a significant move within the investment landscape, Flashpoint has announced the successful first closing of its second Direct Secondary Fund, targeting an impressive range of US$75-100 million. This news comes at a time when the demand from investors, particularly from international family offices and high-net-worth individuals, remains robust. Notably, many of these investors are returning from Flashpoint's first fund.

Established as a leading international technology investment firm, Flashpoint specializes in high-growth companies originating from Europe and Israel. With this new fund, the firm aims to address the escalating requirement for liquidity within the matured tech ecosystem of these regions. The successful fund will not only provide exit strategies for early investors but also aid employees and founders of later-stage tech enterprises, facilitating a more straightforward capital structure for portfolio companies.

Fund II is a continuation of the proven strategy laid out by Flashpoint's inaugural secondary fund, which launched in 2021 and was anchored by the esteemed Scheinberg family office. The predecessor fund carved a niche in the secondary market by achieving remarkable success with ten investments, notably including:

• - Preply, which reached unicorn status in late 2025.
• - Printify, gaining unicorn status in late 2024.
• - Other category leaders such as Travelier, AirHelp, K2View, and Booksy.

Beyond its financial contributions, Flashpoint leverages its extensive market knowledge to craft tools beneficial to the tech ecosystem, including a widely accessible valuation tool ensuring investors receive accurate pricing estimates for shares in growth-stage private tech enterprises.

The direct secondary strategy is under the expert leadership of Michael Szalontay, Co-founder and General Partner of Flashpoint, who has built a commendable track record in secondary transactions. A notable example is the investment in Chess.com, the world's foremost online chess platform, which showcased Flashpoint's ability to identify opportunities within the secondary market effectively.

Reflecting on the success of the initial fund, Szalontay commented, “The achievements of our first direct secondary fund confirmed our thesis regarding the significant and unmet need for liquidity in our primary markets. With Fund II, we are reinforcing our strategy of collaborating with premier later-stage companies and their stakeholders, as the current environment offers unique and disciplined secondary investment prospects.”

Lukas Harustiak, Partner at Flashpoint Direct Secondary, further elaborated, “Our methodology with direct secondaries is built upon forging lasting relationships with high-quality businesses. Secondary capital serves as a strategic advantage—enhancing capital table optimization, supporting employee incentive schemes, and facilitating merger and acquisition financing. We strive to act as constructive and aligned partners with management teams.”

Moreover, Noam Toister, CEO and Co-Founder at Travelier, one of Flashpoint's portfolio companies, expressed appreciation for the Flashpoint Secondary team's ongoing support. “Having known the Flashpoint Secondary team for several years prior to our partnership, they have proven to be invaluable in supporting our employee incentivization program through various employee share buy-backs since their initial investment,” he said.

As Flashpoint embarks on this new venture, its commitment to bolstering liquidity in the growing tech landscape of Europe and Israel remains unwavering. With strategic partnerships and an increasing investor base, the firm is poised for significant contributions to the tech ecosystem in the coming years.