Flint Capital raises a $160M through an unusual fund-raising strategy

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Here’s a structured summary based on the information provided:

Fund Details

  • Fund Name: Flint Capital Fund III
  • Amount: $160 million
  • Date Closed: 2024 (exact date not specified)

Investors

  • Key Investor Types: Entrepreneurs in IT, rather than traditional LPs like pension funds or endowments.
  • Notable Investors: Nir Giller and Omer Schneider (founders of CyberX)

Startups Backed

  1. Socure

    • Valuation: $4.5 billion
    • Focus: Identity verification

  2. WalkMe

    • Acquisition: Acquired by SAP for $1.5 billion
    • Focus: Digital adoption platform

  3. Flo

    • Valuation: Over $1 billion
    • Focus: Women’s health (fertility tracking)

  4. Cynomi

    • Status: Fundraising during conflict
  5. Sensi.AI
    • Series Raised: $31 million Series B
    • Focus: Digital health (monitoring seniors)

Founders

  • Dmitry Smirnov: Co-founder, previously CEO of FINAM Global.
  • Sergey Gribov: Partner involved in raising funds and supporting startups.
  • Andrew Gershfeld: Partner who emphasized the role of founder-investors.

Fundraising Series

  • Series B: Sensi.AI closed a $31 million Series B funding.

Additional Notes

  • Flint Capital’s fundraising took 18 months and was influenced by the current market atmosphere, which has seen decreased funding for emerging venture firms.
  • The firm has a global investment mandate, focusing on companies looking to expand into the U.S.

This summary encapsulates the critical components of Flint Capital’s recent activities as outlined in the text.

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2024-08-08 17:00:00

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