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Flint Capital — an international private equity fund which specializes in financing high-tech projects in the IT, media and telecom, and financial and consumer services sectors. The fund was founded on May 13th 2013 and its first investment was a $1 million deal with YouDo, an online task-outsourcing service. The fund targets projects worldwide. It is particularly interesting in the European, US and Israeli markets. The current volume of the fund is $50 million, while the average value of one deal exceeds $1M.

Focus
Flint Capital aims to build a diverse portfolio of hi-tech projects. Its principal focus is online platforms that provide advertising, eCommerce, and telecommunications services, while it is also interested in online finance services, payment systems, loyalty programs, online dating platforms and various other IT-projects.

Portfolio
As of middle of 2014, the fund's portfolio included 6 businesses operating in various market sectors. However, in 2014 the team plans to increase this number to 15 portfolio companies. .

Portfolio projects, middle of 2014
 * YouDo is an online service that allows Moscow and St Petersburg residents to outsource almost any task. The company currently processes over 500 requests every day. On average an active user outsources 2.5 tasks per month.
 * Platiza is an online service offering loans of $3 - $4500 for 1-30 days. Almost 80% are approved, with the money is transferred to a bank card or an online wallet. Clients are able to select their permanent credit limit and the rate of interest.
 * CreditCardsOnline is the leader in the Russian lead generation market for credit cards. It cooperates with 47 major Russian banks and its site, which lists a wide range of credit card options, has a monthly audience in excess of 800k.
 * Federal Finance is the first Russian service capable of authenticating identity online, allowing clients to overcome problems posed by online anonymity and to tackle cybercrime and fraud. Federal Finance’s video identification service is able to identify an individual in less than three minutes.
 * PMI (Picture Manipulation Inspector) is a project belonging to SMTDP Tech Ltd. It is a digital-image authentication service that can be used on anything from photos to scanned documents. There is great demand for this technology from insurance providers, energy companies and advertising agencies, as well as criminal experts all over the world. Foreign media have also shown a keen interest in the project..
 * SailPlay  is a startup which offer a solution for retailers building loyalty programs. SailPlay now works with 450 stores, serving half a million users through its loyalty programs.

Syndicated deals
In addition to making solo investments, Flint Capital is also open to co-investing in projects. In November 2013, the fund teamed up with Prostor Capital to invest $3M investment in Federal Finance, with both funds providing half. In February 2014 Flint joined forces with FRII (the Internet Initiatives Development Fund) to invest 35 million rubles in Picture Manipulation Inspector, a service for authenticating digital images created by SMTDP Tech.

Flint Management
Flint Management investment company was founded in 2013 by Dmitry Smirnov and Oleg Seydak, ex-managers of Finam Global investment fund. The managing company then created investment fund: Flint Capital which target the TMT sector

Investors
Flint Capital’s fund is backed by major investors - Russian businessmen who built their capital in the sector of IT and Internet are Flint Capital major investors. However, their names are currently undisclosed.