Flashpoint Secondary Fund I

Flashpoint Secondary Fund I is the inaugural vehicle of Flashpoint's Direct Secondary strategy, launched in 2021 as a Jersey Private Fund by the London-headquartered technology investment firm Flashpoint. The fund was designed to provide secondary liquidity to early investors, employees, and founders in established technology companies founded by teams originating from Europe and the Middle East and North Africa (MENA) region, at a stage where traditional VC exit pathways—IPOs or strategic sales—remained years away. Anchored by the Scheinberg family office, the fund pioneered a specialist niche of direct secondary transactions within the European-Israeli tech ecosystem, establishing Flashpoint as one of the first institutional firms to build a dedicated direct secondary strategy for this geographic and sector focus.

Unlike traditional LP-interest secondary funds, Flashpoint Secondary Fund I focused exclusively on purchasing equity directly from individual shareholders of portfolio companies rather than acquiring interests in other funds—enabling precise selection of specific high-quality businesses with proven revenue traction and market leadership. Target companies had $20 million or more in annual recurring revenue, were backed by institutional venture investors, and operated primarily in B2B software, edtech, marketplace, and technology-enabled services sectors. The fund's approach allowed early shareholders to monetize long-held equity positions without forcing a full company sale, while positioning Flashpoint as a supportive long-term partner aligned with continued growth.

Flashpoint Secondary Fund I completed ten investments across its deployment period, building a concentrated portfolio of European and Israeli technology leaders including Preply (which achieved unicorn status in late 2025), Printify (which reached unicorn valuation in late 2024), Chess.com, Travelier, AirHelp, K2View, and Booksy. The strong performance trajectory of these portfolio companies—including multiple unicorn achievements within the fund's holding period—validated the direct secondary thesis and established the foundation for the successor Flashpoint Direct Secondary Fund II, launched in early 2026 with a US$75–100 million target and a first close from twenty limited partners including many returning investors.