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Updated: Sep 11, 2024

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August 10, 2024, 16:35

🟢 Flint Capital's Unconventional $160M Fund Raise Defies VC Funding Slump

➡️ Boston-based Flint Capital has closed its third fund at $160 million, quadrupling its initial 2013 fund size. The firm's success stems from an unconventional LP strategy, targeting IT entrepreneurs rather than traditional institutional investors. Flint focuses on IT, cybersecurity, fintech, and digital health startups with a global mandate, particularly in Europe and Israel, aiming for U.S. market expansion. Notable investments include Socure, WalkMe, and Flo. The 18-month fundraising process, completed despite market challenges, was bolstered by reinvestment from previously backed founders.

Flint Capital's success highlights the potential of alternative fundraising strategies in a tough market. Their approach of tapping into the expertise and networks of successful tech entrepreneurs as LPs offers a unique value proposition. For VCs, this case study suggests exploring non-traditional LP sources and leveraging past successes to build a loyal investor base.

🟥 Additionally, Flint's global focus, particularly in resilient tech hubs like Israel, demonstrates the importance of a diversified geographical investment strategy.

🔗 Source #VentureNews

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