Flint Capital Venture Capital Firm Overview

Flint Capital is a venture capital firm that focuses on investing in early-stage software companies. They typically invest between $500,000 to $2 million in companies.

Flint Capital is based in Austin, Texas, and was founded in 2018 by Ritesh Gupta and Pranav Sivaraman.

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Flint Capital was established in 2013, paying homage to Robert Louis Stevenson's Treasure Island novel. The firm has since grown to manage two $100-million funds and has over 45 portfolio companies.

Flint Capital focuses on a wide range of technology sectors, including digital health, financial technology, and cybersecurity. It also gives special attention to startups launched by immigrant entrepreneurs from Eastern Europe and Israel.

The firm's investment team includes Dmitry Smirnov, Sergey Gribov, and Andrew Gershfeld, who operate from offices in Boston and Tel Aviv.

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Flint Capital was established in 2013, paying homage to Robert Louis Stevenson's novel Treasure Island. The firm's name is a clever reference to the classic tale.

Flint Capital focuses on a wide array of technology sectors, including digital health, financial technology, cybersecurity, DevOps, SaaS, and more. This broad scope allows the firm to identify and invest in promising startups across various industries.

One notable aspect of Flint Capital's investment strategy is its focus on startups launched by immigrant entrepreneurs from Eastern Europe and Israel. Around half of its funding goes towards Israeli companies, highlighting the firm's commitment to supporting diverse and innovative entrepreneurs.

Flint Capital has had significant success with its investments, including Socure, Flo, and WalkMe. Each of these companies has returned over $100 million on initial investments, far exceeding the respective funds' initial capital.

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Flint Capital's investment team is led by experienced professionals, including Dmitry Smirnov, Sergey Gribov, and Andrew Gershfeld.

The firm has a strong global presence with a head office in Boston, United States, and an office in Tel Aviv, Israel.

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Flint Capital is a venture capital firm that invests in various stages of a company's growth. They have a clear focus on supporting startups from their early days.

Their investment stage of choice is Series A, with 15 investments made in this stage alone. This indicates that Flint Capital is well-positioned to provide the necessary funding and guidance to help companies scale.

Flint Capital also invests in seed stage companies, with 14 investments made in this stage. This suggests that they are interested in supporting startups from their very beginning.

Here are the specific stages of entry where Flint Capital has made investments:

Flint Capital's investment in Series B and Series D stages is relatively limited, with only 2 and 1 investment respectively. This may indicate that they are more focused on supporting companies in their early stages of growth.

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Flint Capital has made 83 investments, with their latest investment being in Antidote Health as part of their Series B on December 18, 2024. This investment was a significant one, totaling $22 million.

Some of their notable investments include AI-based health app Flo, AI-based voice assistants Voca.AI, and industrial cybersecurity platform CyberX, which was acquired by Microsoft in 2020. These investments showcase Flint Capital's focus on emerging technologies.

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Their portfolio also includes telehealth services provider Antidote Health, cloud-based secure connectivity provider Cyolo, and online emotional support platform Circles. These investments highlight Flint Capital's interest in healthcare and mental wellness.

Here are some of Flint Capital's investments, including the company name, round, and amount:

Flint Capital's investments demonstrate their commitment to supporting innovative startups and emerging technologies.

Flint Capital has a diverse investment portfolio, with a focus on AI-based companies. They've invested in a range of startups, from health apps to industrial cybersecurity platforms.

One notable aspect of Flint Capital's investment strategy is their emphasis on artificial intelligence. They've invested in companies like Flo, an AI-based health app for women, and ODAIA, an AI-powered commercial insights platform for pharmaceutical companies.

Flint Capital's investments have also included companies like Voca.AI, an AI-based voice assistant for customer service, which was acquired by Snap in 2020. This suggests that they're interested in companies that can leverage AI to improve customer experiences.

Cybersecurity is another area of focus for Flint Capital. They've invested in CyberX, an industrial cybersecurity platform that was acquired by Microsoft in 2020. This highlights their interest in companies that can protect critical infrastructure from cyber threats.

Here are some of the notable companies in Flint Capital's portfolio:

Flint Capital has made 83 investments in total, with their latest investment being in Antidote Health as part of their Series B on December 18, 2024. This suggests that they're actively looking for new opportunities to invest in innovative companies.

Flint Capital has made some strategic acquisitions, expanding its portfolio. The company acquired WalkMe in June 2024, which was first invested in back in 2015 with a Series D round of $25M.

Webinar was another notable acquisition, picked up by Flint Capital in July 2022, having first received funding in 2014 with a Series A round of $7.3M.

Flint Capital's portfolio includes a range of companies, such as WalkMe, which was acquired in June 2024, and SailPlay, which was acquired in July 2022.

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A portfolio exit is a crucial milestone in the life of a startup or investment. It's when the company is sold, merged, or goes public, providing a return on investment for founders and investors.

The most common type of portfolio exit is a sale to a strategic acquirer, which can happen at any stage of a company's growth. For example, a company like Facebook acquired Instagram for $1 billion in 2012.

A portfolio exit can also be a merger with another company, creating a new entity with a combined value. In 2014, Microsoft acquired Nokia's mobile division for $7.2 billion.

A successful portfolio exit can provide a significant return on investment, often exceeding the initial investment. For instance, the sale of Zynga's assets to a Chinese company in 2016 generated a return of over 300% for investors.

A portfolio exit is often the result of a deliberate strategy by the founders and investors to sell the company, rather than a forced sale due to financial difficulties. This approach allows for a more controlled and beneficial outcome for all parties involved.

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The timing of a portfolio exit can vary greatly, depending on the company's growth stage and market conditions. For example, a company like Uber went public in 2019, while others like Airbnb have delayed their IPO due to market uncertainty.

A well-executed portfolio exit can have a lasting impact on the founders, investors, and the wider startup ecosystem. It can also provide valuable lessons for future entrepreneurs and investors.

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Flint Capital has invested in a variety of companies over the years.

Their portfolio includes companies like WalkMe, which was first invested in on June 10, 2015, with a Series D round of $25M.

SHIPSTA is another company in their portfolio, acquired on August 19, 2024.

AvaFin and Webinar are also part of Flint Capital's portfolio, with AvaFin being acquired on March 12, 2024, and Webinar on July 20, 2022.

SailPlay was acquired by Flint Capital on July 4, 2022.

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Here's a breakdown of some key companies in Flint Capital's portfolio:

Lending Club, ServiceNow, and Shiseido are also notable companies in Flint Capital's portfolio, although the exact investment details are not specified in the provided information.

Flint Capital has a strong fund history, with multiple funds launched over the years.

The first fund we know about is Flint Capital I, a $107-million fund launched in 2013. It's focused on early-stage investments, with an average check size between $0.5 to $2 million.

Flint Capital II is another notable fund, raised by 2020 with a focus on seed and Series A and B rounds. Its average check size is between $1 and $3 million.

Here's a summary of Flint Capital's fund history:

Flint Capital Fund III, launched on August 9, 2024, has a significant amount of $160 million.

Flint Capital has a strong financial track record, with two notable funds. Flint Capital I, launched in 2013, is a $107-million fund that invests in early-stage startups.

The average investment size for Flint Capital I is between $0.5 to $2 million. This fund has reported a TVPI among the top 10% venture funds globally.

Flint Capital II, a $103-million fund raised by 2020, focuses on seed and Series A and B rounds with an average check size of $1 to $3 million.

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Flint Capital has two funds under management, with a total value of $210 million. These funds have been instrumental in supporting the growth of the company's portfolio.

The first fund, Flint Capital I, was launched in 2013 with a $107-million investment. This fund focuses on early-stage investments, with an average check size between $0.5 and $2 million.

Flint Capital II is the second fund, raised by 2020, and has a total value of $103 million. It focuses on seed and Series A and B rounds, with an average check size between $1 and $3 million.

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Here are some key facts about Flint Capital's funds:

By the end of 2021, Flint Capital II had made 18 investments, with 8 leading investments, and had two successful exits. This demonstrates the fund's ability to identify and support successful startups.

Financials can be complex, but understanding the basics can help you make informed decisions. Flint Capital has a total of 4 funds, including Flint Capital Fund III.

One of the most notable funds is Flint Capital Fund III, which closed on August 9, 2024, with a massive $160M in funding. This fund is a significant milestone for Flint Capital, showcasing their ability to secure substantial investments.

The other funds, such as Flint Capital Fund II and Flint Capital Fund, have also received significant funding, although the exact amounts are not publicly disclosed. These funds demonstrate Flint Capital's commitment to investing in various projects and ventures.

Here's a summary of the 4 funds:

The sources for this information are listed as 1, 10, 10, and 10, respectively, indicating a consistent level of transparency across the funds.

Flint Capital has a strong focus on partnerships, which is evident in its approach to investing.

The firm has a network of connections that spans across various industries and geographies, providing access to a diverse range of companies and entrepreneurs.

Flint Capital has a track record of successful partnerships, having invested in over 20 startups across North America and Europe.

These partnerships have enabled the firm to provide its portfolio companies with valuable resources, expertise, and networks, ultimately driving growth and success.

Co-investors can play a significant role in a company's growth and success. Flint Capital has had the opportunity to co-invest with numerous funds and angels over the past 11 years.

A total of 198 investors have co-invested in Flint Capital's portfolio companies. This includes funds and angels who have invested in rounds before or after Flint Capital.

Some of these co-investors have a history of investing in companies together. For instance, Mangrove Capital Partners has co-invested with Flint Capital in 2 companies, and Flint Capital Solution has co-invested with Flint Capital in 2 companies as well.

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The top co-investors of Flint Capital include 50 investors who have entered a company along with Flint Capital. One of these top co-investors is Glilot Capital Partners, which has co-invested with Flint Capital in 2 companies.

Other notable co-investors who have invested in Flint Capital's portfolio after their investments include Insight Partners, Target Global, and Flint Capital Solution. These investors have co-invested in a total of 6 companies together.

Here are some of the top co-investors of Flint Capital:

When working with international partners, understanding the nuances of different countries is crucial.

The country's business culture plays a significant role in determining the success of a partnership. In the United States, for example, business relationships are often built on trust and personal connections.

In contrast, in Japan, business relationships are often formal and based on hierarchy. The country's unique cultural context is essential to consider when forming partnerships.

In many countries, including Brazil and India, relationships are built on a combination of trust and respect for hierarchy. This cultural context is vital to understanding when forming partnerships.

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Flint Capital has been making waves in the investment scene with some exciting developments. They recently announced a new fund, Flint Capital III, which has already exceeded its target size.

Flint Capital's portfolio companies have been doing well, with some notable exits and growth milestones achieved. One such company is, which achieved a significant exit.

The investment firm has also been active in supporting its portfolio companies, providing valuable guidance and resources to help them scale. This is evident in the success stories of companies like, which have seen significant growth under Flint Capital's guidance.

Flint Capital's team is comprised of experienced professionals with a strong track record in investing and supporting startups. Their expertise and network have been instrumental in helping portfolio companies achieve their goals.

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