Flashpoint Capital has closed a US$25.5 million co-investment sidecar vehicle alongside Flashpoint Growth Debt Fund II, taking its total debt platform to US$127 million.
Flashpoint Growth Debt Fund II is US$66.1 million and is 100% drawn. The sidecar is about 60% drawn and co-invests alongside Fund II.
Companies named in the release include One Day, Spotawheel, Subbyx, ANNA Money, Fintech Farm and Numica.
Flashpoint Capital is preparing to launch Growth Debt Fund III. The firm did not disclose the planned size or timing of the vehicle.
Flashpoint announced a final close for its second growth debt fund in November 2025 at US$67 million from 58 LPs, including international family offices and high-net-worth individuals. The fund targeted 15 to 20 borrowers and was expected to be fully drawn by the end of 2026. Flashpoint launched its first growth debt fund in 2020.
In the same release, the firm also announced the final close of Venture Growth Fund IV at US$116 million. The fund focuses on B2B vertical AI applications built by European and Israeli teams scaling into the US and has financed 10 companies to date. Flashpoint rebranded from Flashpoint VC to Flashpoint Capital in March 2026. Founded in 2012, the firm has about US$600 million in assets under management and is headquartered in London, with offices in New York and Tel Aviv.
Denis Mosolov has become chief executive of Flashpoint Capital, having previously been managing partner at Flashpoint Growth Debt. Co-founder Alexander Konoplyasty has become chief investment officer with overall responsibility for investment activities. Co-founder Michael Szalontay is stepping down from day-to-day management to focus on the Direct Secondary strategy, which will continue on the platform through a joint venture structure subject to corporate approvals.