Flint Capital

Flint Capital

Industry	venture capital
Founded	2013;12 years ago (2013)
Headquarters	Boston , United States
Areas served	Europe, United States, Israel
Key people	Dmitry Smirnov Sergey Gribov Andrew Gershfeld (managing partners)
Website	flintcap.com

Flint Capital is an American-Israeli venture capital firm focused on startups in health technology, cybersecurity, consumer technology, and SaaS. Founded in 2013, the firm is headquartered in Boston, United States. Flint Capital's managing partners are Dmitry Smirnov, Sergey Gribov, and Andrew Gershfeld.

History

Flint Capital, whose name pays homage to Robert Louis Stevenson's Treasure Island novel, ^[1] was established in 2013 by Dmitry Smirnov. ^[2]

Flint Capital focuses on a wide array of technology sectors, including digital health, financial technology, cybersecurity, DevOps, SaaS, and more. It pays special attention to startups launched by immigrant entrepreneurs from Eastern Europe and Israel, ^{[1] [3]} and around a half of its funding goes towards Israeli companies. ^[4]

By 2022, Flint Capital had two $100-million funds under management, over 45 portfolio companies, including three unicorns, and 13 successful exits. ^[5] Its most successful investments included Socure (valued at $4.5 billion), Flo (valued at $800 million) ^[6] , and WalkMe (valued at $2.5 billion), each returning over $100 million on initial investments—more than the respective funds had raised. ^{[5] [7]}

Management

Flint Capital's investment team includes Dmitry Smirnov, Sergey Gribov, and Andrew Gershfeld. ^[5] The firm operates a head office in Boston, United States and an office in Tel Aviv, Israel, led by David Feldman. ^{[1] [8]}

Funds

• Flint Capital I is a $107-million fund launched in 2013 to invest from $0.5 to $2 million on average in the early stage. ^[3] The fund claims to have TVPI (total value to paid-in, the total value of the fund's holdings related to capital raised) among the top 10% venture funds globally. ^[3]
• Flint Capital II is a $103-million fund raised by 2020. It's focused on seed and Series A and B rounds, with an average check size between $1 and $3 million. By the end of 2021, the second fund had made 18 investments, leading no less than 8, and had two successful exits. ^{[4] [1] [3]}
• Flint Capital closed its third fund in 2024 at $160 million to be split between early and late stage investments. ^[9]

References

1. Lucia Maffei (December 8, 2021). "Flint Capital completes 18 investments out of $100M second fund". Boston Business Journal. Retrieved April 22, 2022.
2. Prabhu, Abhinaya (2024-08-09). "Flint Capital closes $160M fund amidst market downturn — TFN". Tech Funding News. Retrieved 2025-08-19.
3. "Flint Capital's new $103 million fund already claims two successful exits". East-West Digital News. December 9, 2021. Retrieved April 20, 2022.
4. Allon Sinai (October 17, 2020). "Retaining a long-term view, Flint Capital insists on investing in young startups". CTech. Retrieved April 22, 2022.
5. "Flint Capital Closes Second Fund, at $103M". FinSMEs. December 8, 2021. Retrieved April 22, 2022.
6. Butcher, Mike (2016-12-15). "Flo raises $1M led by Flint Capital for its AI-driven period calculator". TechCrunch. Retrieved 2025-08-19.
7. Akansha Srivastava (December 8, 2021). "Boston's VC fund which backed Flo, Socure and Walkme closes second $100M fund". TFN. Retrieved April 22, 2022.
8. "Flint Capital appoints David Feldman to represent Israel office". ctech. 2022-10-20. Retrieved 2025-04-28.
9. MacColl, Margaux (2024-08-08). "Flint Capital raises a $160M through an unusual fund-raising strategy". TechCrunch. Retrieved 2025-04-28.