Flashpoint Venture Capital ранее Buran Venture Capital

Areas of investment

As of September 2022, Flashpoint is investing in international projects from Eastern and Central Europe and Israel. In total, the fund has already invested in 55 companies.

History

2022

Owners

As of September 2022, Alexander Konoplyasny and Mikhail Salontai are co-owners and managing partners of Flashpoint Venture Capital.

Investing in the Russian Clausematch platform

In August 2022, it became known about the investment of $10.8 million in Clausematch. The funding round for the startup developing technology for the financial market was led by Lytical Ventures and Flashpoint funds. Read more here.

Anchor investor Flashpoint VC III

Since July 2022, the anchor investor of the Flashpoint VC III fund is the Hungarian sovereign wealth fund SZTA.

Investing in Israel's SaaS platform Gaviti

On April 5, 2022, it became known that Gaviti, which provides software as a service (SaaS) for account management and collection of payments, raised $9 million in Series A funding. Read more here.

Exiting the capital of Israeli restaurant platform MarketMan

At the end of January 2022 Flashpoint Venture Capital , the Russian withdrew from the capital of the Israeli platform for restaurants MarketMan amid the merger of the company with the supplier ON for supply chains catering Meal Ticket. The fund was the largest shareholder. MarketMan More. here

2021

Investing in Qonversion Mobile Subscription Service

In December 2021, Qonversion held a €1.7 million funding round. Visionaries Club and Flashpoint VC have invested the most in the service founded by Russians to create subscriptions in applications. Blinkist founder Holger Seim and the S16VC Foundation also participated in the investment deal. Read more here.

Investing in the Finnish logistics service for OGOship online stores

On November 25, 2021, the logistics startup OGOship department announced the attraction of €4 million as part of a preliminary round of financing for series A. Earlier, the company had already received €1.5 million from investors. The round was led by Flashpoint Venture Capital and Innovestor Ventures, joined by an earlier sponsor Maki.vc. The financing will be used to implement international expansion plans, the company will also add 4-5 countries per year to its existing warehouse network, as well as increase the volume of operations in,, and Germany Sweden. Finland Great Britain More. here

Investing in TraceAir's Site Control Platform

At the end of November 2021, TraceAir announced the attraction of $5 million in investments. Flashpoint Venture Capital has invested in the startup, as well as a number of other investors. Read more here.

Investing in Austrian CRM for iDWELL home tenants and management companies

In early November 2021, the Austrian startup iDWell announced the attraction of investments. The funding round, the amount of which was not disclosed, was headed by the Russian venture capital company Flashpoint VC. Thanks to the received funds, iDWell expects to begin expanding its business beyond the DACH region Germany(,,). Austria Switzerland More. here

Investing in the Hints Knowledge Management Service

At the end of October 2021, it became known about the investment of $835 thousand in Hints. Venture capital funds AltaIR Capital and Flashpoint, as well as venture capital club AltaClub and private investors from New York, London and Moscow, have invested in the startup. Read more here.

Investing in UK collaboration platform OfficeRnD

In mid-October 2021, Flashpoint Venture Capital invested in. The startup OfficeRnD funding round came amid the growing popularity of the organization's hybrid format, where employees combine remote operation with an office one. More. here

Investing in Borzo delivery service

At the end of August 2021, the courier service Dostavista announced the attraction of $35 million in investments and rebranding. It will now be called Borzo. The Series C funding round was led by a fund of. UAE Mubadala Also invested in the project were Russian Direct Investment Fund (RDIF) the Swedish VNV Global, venture capital funds Flashpoint Venture Capital Alexander Konoplyasty AddVenture and Maxim Medvedev. The parameters of the transaction, including the shares of investors and the estimated value of the startup, were not disclosed. Dostavista intends to spend the funds raised on international expansion and development of new products. More. here

Investing in ivi online cinema

On May 25, 2021, the Russian Direct Investment Fund (RDIF) announced an investment of $250 million in ivi. Investors in the new round of financing of the online cinema included VTB Capital, Invest AG Alexander Abramov, MillhouseRoman Abramovich, Baring Vostok, Flashpoint Venture Capital, as well as several leading sovereign wealth funds of the Middle East. Read more here.

Investing in Guesty property management service

At the end of April 2021, the Russian venture capital company Flashpoint invested in a real estate management service Guesty in a deal worth $110 million. The new Series D funding round led Apax Digital Fund with input from AMI Opportunities Fund as well as existing investors Viola Growth, Flashpoint, Vertex Ventures, Kingfisher Investment Advisors and La Maison Partners. Apax Digital managing director Daniel O'Keefe has joined Guesty's board. More. here

O1 Group's exit from Flashpoint ownership

As it became known in March 2021, O1 Group left the owners of Flashpoint (formerly Buran VC), selling its stake in the venture capital fund.^[1]

Launch of a new $200 million fund to invest in fintech and medtech

In mid-February 2021, the Russian venture capital company Flashpoint launched a new Flashpoint Secondary Fund for $200 million. It is aimed at investing in fintech and medical tech, approximately 50% of this amount has already been attracted. Read more here.

Investing in smart toy maker Particula

In mid-February 2021, the Russian fund Flashpoint Venture Capital invested in an Israeli one that startup Particula creates interactive toys that combine offline and online worlds. In total, the company raised $5 million during Series A, with Flashpoint Venture Capital leading this funding round. More. here

Investing in telemedicine service Telemedico

In early February 2021, Telemedico closed a Series A investment round worth 5.5 million euros. The main investors in this deal were Flashpoint Venture Capital, Uniqa Ventures, PKO VC, Black Pearls VC and Adamed. Read more here.

2020: Launch of a fund to invest in cloud projects

On December 16, 2020, the venture capital firm Flashpoint, which was previously called Buran VC, announced the launch of the Flashpoint VC III fund to invest in cloud projects. Read more here.

2019: Rebranding

Russian venture Buran VC Foundation will change its name to Flashpoint and start to credit IT-startups Europe and. Israel The managing partner of the fund Alexander Konoplyaty told about this. Vedomosti

To do this, he launches a fund with a capital of €50 million. Instead of a share in the capital, the fund will offer startups venture debt - a loan at 5-15% per annum for a period of three to five years. The loan amount is $2-3 million.

Some startups from the fund's portfolio will not show the result, then investments in them will have to be written off. According to Konoplasty, no more than 15% of all investments will be problematic, and write-offs will amount to 5% of investments.^[2]

2014

Areas of investment

In 2012-2014, the target sectors for Buran Venture Capital investments were, e-commerce- Internet media, mobile applications both services social networks and services, as well as SaaS solutions (as software a service), in,, Russia CIS Eastern and. To Europe Israel

Venture Partner Appointment in Israel

November 12, 2014 it became known that Igor Ryabenky joins the Buran Venture Capital fund as a venture partner based in Tel Aviv, Israel. Igor is responsible for increasing the flow of incoming transactions, their implementation, business development and management of Buran Venture Capital portfolio companies in Israel.

"We are glad that Igor joined us to carry out our investment activities in Israel. His deep knowledge, experience, professionalism, and exceptional reputation are a unique combination for this region, "said Aleksandr Konoplyasty, Managing Partner of Buran Venture Capital.

Closing of the second round of investments for $15 million

On June 2, 2014, Buran Venture Capital began closing the second round of investments totaling $15 million, in USA which the lead investor was the company., O1 Group Dmitry Mints a member of the O1 Group Board of Directors, also joined the Fund's Supervisory Board. The round will close until October 1, 2014.

"We welcome the development of our fund and the accession of such respected and experienced investors as O1 Group," says Alexander Konoplyasty.

"

Despite the slowdown in economic growth, we will continue to actively support young Internet and IT businesses," adds Mikhail Salontai

.

"We are actively considering various opportunities for investment in promising sectors of the economy. The development of technologies and online services has, in our opinion, great growth potential in Russia. The decision to participate in the Buran VC fund is a purely financial investment for us, in managing its assets we rely on the experience of the professional team of the fund, "commented Marina Rudneva, CEO of O1 Group

.

Fund portfolio

As of June 2014, there are three startups in the fund's portfolio:

• CompareBuy (www.sravnikupi.ru) - a site that allows you to instantly compare the cost of CASCO/OSAGO/Travel insurance and buy it online.
• Ponominalu (www.ponominalu.ru) is a company that allows you to buy or order tickets for entertainment events online.
• Dashboard Systems (www.boardmaps.com) - develops Solution SaaS for automating the work of boards of directors, boards, committees and working groups.

Head office

Since 2014, the company has its head office in London.

2012

Winchel became a co-investor in the fund

On July 19, 2012, it became known that one of the founders of Mail.Ru Group and a well-known venture capital investor Mikhail Winchel joined the Buran Venture Capital fund as an investor and member of the advisory board. He topped the list of 7 investors who invested in Buran VC, which has $10 million under management. In the next 4-5 years, the fund intends to invest $50 million in Russian startups.

As of July 2012, the fund has invested two startups:

• CompareBuy (www.sravnikupi.ru) - a site that allows you to instantly compare the cost of insurance and buy it online.
• Epistograph (www.epistograph.com) - is a service for visualization, analysis and data management. The fund later withdrew from the project, writing off the investment.

Foundation of the Buran VC Foundation. Management

Buran Venture Capital was founded in 2012 by Alexander Konoplyasty and Mikhail Solontay, who met at the institute (both 2003 MGIMO graduates). They became managing partners of Buran VC.

Prior to Buran VC, Hemp worked for PricewaterhouseCoopers, Morgan Stanley, UBS and as an independent financial adviser led the restructuring of RBC Holding.

Salontai worked for PricewaterhouseCoopers, Renaissance Group and Elbrus Capital.

Notes