Flint Capital

Flint Capital, a venture capital fund managed by Flint Management, has been operating since spring 2013. The project of the management team, ex-managers of the investment fund Finam Global, Flint Capital focuses on working with promising, scalable, technological projects aimed at large fast-growing markets in the USA, Latin America and Europe. The fund is invested in financial projects, mobile, advertising and cloud technologies.

The main investment criteria of Flint Capital are the financial stability of the business model, a reliable team, profitability and a clear strategy for exiting the project.

• In the summer of 2016, the Flint Capital venture fund invested $3 million in the Israeli startup CyberX, which supplies cybersecurity solutions for the industrial Internet of Things (Internet on Things, IoT). About this "Vedomosti"^[1] said the partner of the fund Sergey Gribov. In addition to Flint Capital, CyberX received money from Glilot Capital, Swarth Group, GlenRock funds, the total amount of the investment round was $9 million, Flint Capital said in a statement.
• In mid-July 2016, Flint Capital participated in a $6.2 million round of investments when the SistemaVC fund was invested in YouDo.
• In November 2014, Flint Capital invested 5 million euros in the Latvian company Creamfinance, which manages microfinance services in Latvia, Poland, the Czech Republic, Slovakia and Georgia.
• In November 2013, Flint Capital and Prostor Capital invested $3 million in the Russian microfinance service Platiza.
• In October 2013, Flint Capital invested $1 million in the YouDo consumer services service.

History

2022

Investing $15 million in Quantori

On October 11, 2022, the startup Quantori, specializing in biopharmaceutical solutions, announced an initial investment of $15 million. The funds for development were provided by the venture fund Flint Capital, which finances high-tech projects in various fields. Read more here.

Investing in an Israeli database security software developer

At the end of June 2022, Cyolo announced an investment of $60 million. The funding round was led by National Grid's venture investment arm. Read more here.

Investing in Israel's Emotional Support Platform for Divorce and Illness

Circles, which developed the online group emotional support platform, announced on May 24, 2022, an investment of $16.5 million. The funding round was led by Zeev Ventures, with the participation of Uber Freight CEO Lior Ron, as well as Russian-founded Flint Capital, which had previously invested in the startup. Read more here.

Investing in an American AI platform to connect physicians with patients

In mid-March 2022, Antidote Health, which develops an AI platform for connecting doctors with patients, raised $22 million in a Series A funding round. The last investment round was led by iAngels, Group 11, as well as a fund with Russian roots Flint Capital. Read more here.

Investing in a cloud platform developer for ODAIA pharmaceutical companies

On February 11, 2022, ODAIA announced the raising of $13.8 million in investments as part of the Series A financing round. It was headed by a fund with Russian roots Flint Capital with the participation of Innospark Ventures, Alumni Ventures, Graphite Ventures and current investors BDC Capital's Women in Tech Fund, MaRS IAF, StandUp Ventures, Panache Ventures and others. Andrew Gershfeld, who is a partner at Flint Capital, will advise ODAIA and represent Flint on the ODAIA board of directors. Also on the ODAIA board will be Matt Feits, venture partner at Innospark Ventures. Read more here.

Investing in the Israeli information security company Cynomi

On February 3, 2022, Flint Capital invested in Cynomi, an Israeli cybersecurity startup that created the CISO platform for small and medium-sized business cybersecurity. The company raised $3.5 million. Read more here.

2021

Investing in Jiffy express delivery service

In September 2021, Jiffy announced a $28 million investment. The received funds of the service of express delivery of products intends to spend on the geographical expansion of its presence in London and other British cities, in which more than 100 thousand people live. Taking into account this transaction, the total amount of investments in the project with Russian roots reached $35 million. Read more here.

Investing in the Antidote Health Medical Tech Platform

At the end of August 2021, Antidote Health raised $12 million in seed funding. The investment round was led by business angels, including iAngels, Well-Tech Ventures and Russian fund Flint Capital. Read more here.

Investing in database security platform developer Cyolo

In early August 2021, it became known that the Russian Flint Capital fund invested in the Israeli company Cyolo, which develops the Zero Trust Network Access 2.0 database protection platform. The startup raised $21 million in a Series A funding round led by venture capital fund Glilot Capital Partners with National Grid Partners and Merlin Ventures. In addition to Flint Capital, Global Founders Capital and Differential Ventures acted as existing investors. Read more here.

Reinvesting in Socure

In mid-March 2021, Flint Capital invested again in Socure, which uses artificial intelligence and machine learning to verify identity. Socure raised $100 million in a Series D funding round valued at $1.3 billion. Commerce Ventures, Scale Venture Partners, Citi Ventures and others also became sponsors. Read more here.

2020

Investing in AgeTech solutions developer Sensi Ai

As it became known on December 24, 2020, Flint Capital, a venture capital fund with Russian roots, invested $1 million in Sensi Ai. A seed round was held, as a result of which Flint received a small minority stake in the Israeli project. More details of the deal were not disclosed. In particular, the estimated value of the startup based on the results of investment is unknown. Read more here.

Sale of interest in Snap Voca.ai

On November 11, 2020, Snap, which develops the Snapchat messenger, announced the purchase of Voca.ai for $70 million. Flint Capital sold its stake in the Israeli developer of voice assistants for call centers. What share was owned by a venture capital fund with Russian roots and what profit he received by leaving this startup is not specified. Read more here.

Investment in Socure

At the end of August 2020, the Russian fund Flint Capital invested in developer of Socure identity verification software. The funds received will allow the startup to create new means of combating fraud and expand the customer base. Read more here.

Investing in AI platform developer with Russian roots Intento

In early July 2020, the developer of the implementation platform AI with Russian roots Intento announced the closure of the investment round. The company raised $3 million to expand its product. The main investors were Flint Capital, Berkeley SkyDeck and SmartHub. More. here

2019: Voca.ai attracted investment from Flint Capital

At the end of October 2019, the developer of voice assistants Voca.ai in the next round raised funds from several large investors: American Express Ventures, the strategic investment group American Express, Lool Ventures and the Russian fund Flint Capital. Read more here.

Notes