Flashpoint has issued a statement on its exit from Regtech Clausematch that had grown to include 14 out of the top 50 global banks as customers. Flashpoint states that it participated in Clausematch’s 2022 USD $10.8 million funding round via its Venture Debt Fund I. The exit came via Clausematch’s acquisition by Corlytics Group, another firm providing compliance tech. Flashpoint did not provide its return on the investment.
Flashpoint is an investor with approximately $400 million in AUM. The company has three VC funds, a venture debt fund and a secondary fund.
Flashpoint reported that this was their 15th exit and the Venture Debt side of the business’s second exit.
Donatella Callegaris, Managing Partner of Flashpoint Venture Debt Fund I, commented on the exit:
“I am very delighted for all of the Clausematch team as they embark on the next stage of their journey together with Corlytics. This acquisition presents tremendous synergistic opportunities for Corlytics and the Clausematch platform as they join forces to provide a unique offering combining policy management and compliance software with integrated regulatory content, thus managing the entire regulatory risk value chain. I have very much enjoyed our journey with Jay and the Clausematch team and wish them every success in the new venture.”