Flashpoint Closes Second Growth Debt Fund at US$67 Million

Flashpoint has held the final close of its second Growth Debt Fund, securing US$67 million from 58 limited partners, including institutional family offices and sophisticated private investors.

The raise builds on the firm’s growing track record in what it describes as growth debt—a form of venture debt tailored to VC-backed technology companies seeking non-dilutive capital to finance expansion.

The fund targets companies beyond the Series-A stage that can demonstrate predictable revenues, annualised turnover of at least US$3 million, year-on-year growth above 30 per cent, and established product-market fit.

This positions the strategy as a complement to equity rounds, particularly for businesses looking to extend runway, finance working capital needs or accelerate international expansion without shareholder dilution.

Deployment is already underway. More than US$30 million has been committed across six companies—CropX, Whizz, Port, CharidyDealroom has a profile for this one. Try Dealroom →, OneDay and BoB W—spanning sectors from agri-tech to hospitality. Flashpoint expects to back between 15 and 20 companies in total and anticipates full deployment by the end of 2026.

The firm’s first Growth Debt Fund, launched in 2020, is now in its sixth year and is projected to reach a 1× DPI by the end of 2025. This provides a reference point for investors and a performance foundation for the second vintage.

Sources:
Flashpoint
Morningstar
PR Newswire

J.V.