Flashpoint Capital closes $116M Venture Growth Fund IV

Flashpoint Capital, the London-based firm formerly known as Flashpoint VC, has closed Venture Growth Fund IV at $116 million. The fund backs growth-stage B2B vertical AI applications built by European and Israeli founders that are scaling into the US. It plans 15 to 20 investments and has financed 10 companies so far.

Limited partners are returning and new international institutions and family offices. Portfolio names include SiPhox, Qase, Mermaid and Inspekt AI, and the fund's first exit was Kaiko in 2026.

Alongside the close, Denis Mosolov becomes CEO of the platform and co-founder Alexander Konoplyasty is Chief Investment Officer across Venture Growth, Growth Debt and Direct Secondary. Co-founder Michael Szalontay steps back from day-to-day management to focus on Direct Secondary. Flashpoint's debt platform also reached $127 million the same day.