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Flint Capital investing $103M in high-tech companies

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December 10, 2021

Flint Capital, a capital investment firm, has closed its second venture fund, which will invest $103 million to help high-tech companies from Europe and Israel to enter the U.S. market, according to a company press release.

By the beginning of 2022, $40 million more will be invested in initial and follow-up investments. Enterprise software, cybersecurity, fintech, digital health, AI, consumer mobile applications, and marketplaces are the primary investment industries.

Flint Capital assists startups in both the operational and strategic aspects of their business. The fund has invested in 18 startups and will continue to invest in early-stage tech companies, including seed A and B-round startups.

'We help startups not only with expertise, but also to find other investors, and assist founders in growing the business," Sergey Gribov, partner at Flint Capital, said in the release. "We are focused on helping teams to deliver the highest results. It's our added value. And in just a few years, two startups had successfully exited the second fund."

Previously, Flint Capital closed its first fund and invested $107 million in startups such as Cyber X (acquired by Microsoft), Flo, and Walkme.

"Most of our investors are entrepreneurs, which means that fund managers and investors speak the same language and understand investment strategies," Dmitry Smirnov, partner at Flint Capital, said in the release. "The relationship between GP and LP is no longer formal. We are a collaborative community in which members help each other by sharing knowledge and experiences. As a result, the fund has extensive market expertise, and one of the best performances."

Flint Capital is a Boston-based international venture capital fund founded in 2013.