Technology investment firm,Flashpoint launched its secondary fund, targeting to invest $200 million into later-stage technology companies in Finland, Baltics, Israel and eastern Europe.

The fund, aimed at later-stage tech companies, will provide liquidity for early-stage shareholders, as well as allow companies to consolidate their cap tables whilst adding significant value through the expertise of the Flashpoint team, it said. The new fund’s first close was at $70 million.

“Given our strong background in technology and corporate finance, we are uniquely placed to assist founders in managing company cap tables as they prepare for further fundraisings and liquidity events,” said Flashpoint co-founder and General Partner Michael Szalontay.

The secondary fund — which is anchored by the Scheinberg family office — is independent from Flashpoint’s existing early-stage venture capital funds and its venture debt fund.

Flashpoint,  whose most notable investments include Chess.com and property management platform Guesty, manages venture capital and debt funds totalling $350 million.

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