CTalk“Early-stage founders find it more difficult to get access to capital since October 7,” confirms Flashpoint Venture Capital
CTalk
“Early-stage founders find it more difficult to get access to capital since October 7,” confirms Flashpoint Venture Capital
Noam Wolf, Partner at Flashpoint Venture Capital, spoke during Calcalist and Bank Leumi’s Mind The Tech.
Noam Wolf
(Photo: Symbol Europe)
“My colleagues in Israel were in reserve duty, so that definitely impacted our overall activity and vibe as a fund,” said Noam Wolf, Partner at Flashpoint Venture Capital when reflecting on life after October 7. “Ever since October 7, we didn't really feel anything related to our portfolio companies because they are selling globally, they are not relying on local markets.”
Flashpoint Venture Capital is a venture capital firm headquartered in London investing in B2B software companies with founders coming from central-eastern Europe and Israel, and a focus on Series A. It invests out of its third fund and will be launching a fourth fund soon. Under the umbrella of Flashpoint, it also has a venture debt fund and a secondary fund.
“What we do, of course, feel is the vibes of new, early-stage founders,” he added “They find it more difficult to get access to capital. When we speak to our investors and our colleagues abroad, obviously we need to first explain about the situation in Israel and sometimes convey a message that things are business as usual in terms of the high-tech scene. I think long term, what we are starting to see from our peers is that there's going to be less capital. So the scarcity of capital is definitely something that we start feeling in terms of the market.”
You can watch the entire exchange in the video above.
