Flashpoint partners with Dynamo Software and launches Investor Relations portal across all its funds
April 14, 2022- Flashpoint, an international technology investment firm that manages venture capital, growth secondary, and venture debt funds and Dynamo Software introduce Flashpoint’s new Investor Portal that optimises the front-to-back office productivity of the investment teams, the fund managers and the limited partners, while providing innovative solutions to facilitate data exchange between the parties.
Michael Szalontay, General Partner at Flashpoint, comments: “We are proud to partner with Dynamo to provide our investors with a portal where all the data and communications are safe, secure, private and confidential. Now our investors can track returns and other detailed information about all our funds where they have a stake in a more efficient manner.”
As Flashpoint rapidly grows, the company needs to develop new solutions to provide investors with the most up-to-date information about fund activity and opportunities within a single product. The Flashpoint IT team researched and explored a variety of solutions to meet this challenge. Among all of the solutions considered, Dynamo Software, a global provider of software for the alternative investments community, met all the criterias.
The project, from initial negotiation to the first delivery, took more than a year, considering Flashpoint’s requirements and Dynamo software complexity. As a result, Flashpoint investor portal delivers data in real-time, supports funds reporting in different currencies, displays detailed account balances and transaction history, provides user-customizable document storage with on-site previews, allows two-way document exchange between investors and Flashpoint, and provides multiple investment accounts per user (i.e. for account managers). On top of that, Dynamo assures a smooth operation of Flashpoint’s backend processes. This ensures that there is no need for spreadsheets for reporting, balance sheet tracking, and transactions with investors and portfolio companies.
Dynamo operates under strict security and redundancy compliance, audits its systems on an annual basis, and assures best-in-class data security on top of 99.5% yearly uptime. All systems are SOC II Type 2 compliant and are reviewed annually. Moreover, Dynamo performs annual penetration testing by various third parties to make sure the system is bulletproof.
“We’re excited to partner with Flashpoint and believe that Dynamo is the right technology to help Flashpoint continue to service their investors and aid in their continued success and growth.” — Angelina Benham-Hermetz, Head of Dynamo EMEA
For more information contact
Masha Eliseeva [email protected] at Flashpoint
Flashpoint is an international investment group с. US$500m AuM. Flashpoint manages six venture funds: four VC funds, a Venture Debt Fund, and a Secondary Fund. Investors in Flashpoint’s funds include more than 100 major family offices and HNWIs. The company has offices in London, Tel-Aviv, Budapest, Warsaw, Riga, and Nicosia. The funds have made investments in over 50 companies including names such as Guesty, Chili Piper, IVI and Borzo (Dostavista). Flashpoint has completed ten exits, including the sale of its stakes in Shazam (to Apple) and Chess.com (to PokerStars founders and General Atlantic).
Dynamo Software is the leading global, end-to-end cloud platform for the alternative investments industry. Backed by Blackstone and Francisco Partners, Dynamo provides integrated investment management software and data management services built specifically for the needs of the alternative investment sector, including Private Equity, Venture Capital, Real Assets, Hedge Funds and Limited Partners. The Dynamo cloud platform offers integrated modules for relationship management, deal management, investor relations, portfolio management, research management, reporting, fund accounting, data normalization, and analytical functionality, all within a highly integrated CRM. Dynamo is proud to serve well over 1,000 clients globally and aid in the management of over $5T in assets.