Flashpoint Venture Capital has closed it VCIII fund with $102 million of capital commitments, including $20 million from its first institutional limited partner Széchenyi Funds.

Flashpoint VC focuses on global Series A tech startups originating in Emerging Europe and Israel.

While Széchenyi Funds’ focus is on financial institutions, large corporates, and more mature SMEs, it provides start-ups with “smart money” through domestic incubators and accelerators and especially through fund of funds investments.

Read more: Private Equity Wire