In this episode, Andreas Munk Holm talks with Alex Konoplyasty, Managing Partner at Flashpoint Venture Growth. Currently raising its fourth venture growth fund with a target of $200 million, Flashpoint manages $500 million across multiple funds. The firm is headquartered in the UK and focuses on Series A investments in global high-growth B2B software companies from Europe and Israel. With 80 portfolio companies—including Guesty, Chili Piper, and OfficeRnD—Alex and his team bring deep expertise in guiding startups toward sustainable success.

In this conversation, we discuss the nuts and bolts of exits, co-investments, and the role of venture debt in today’s market. Alex shares how Flashpoint Venture Growth builds operator-led portfolios, taking a hands-on approach to deal sourcing and capital efficiency and helping founders make tough decisions.

Chapters: 

• 06:54 Fundraising Challenges and Strategies
• 11:05 Portfolio Management and Exits
• 28:51 Understanding Liquidation Preferences
• 30:02 Valuation Discrepancies in Different Markets
• 32:04 Strategies for Founders to Manage Valuations
• 36:49 Investment Criteria and Founder Fit
• 47:39 Co-Investment Opportunities and Challenges