Flashpoint Capital has completed the final close of its Venture Growth Fund IV at $116 million and closed a $25.5 million co-investment sidecar alongside its Growth Debt Fund II, taking the announced closures to $141.5 million in total and its debt platform to $127 million. Fund IV backs business to business vertical AI companies built by European and Israeli founders scaling into the United States, has financed 10 companies, and recorded its first exit earlier in 2026 with Kaiko. The announcement also reshaped the firm’s leadership: Denis Mosolov becomes chief executive, co-founder Alexander Konoplyasty takes all investment activities as chief investment officer, and co-founder Michael Szalontay steps back from daily management to lead the direct secondary strategy.
Zacua Ventures has closed its second fund at $135 million, 35 percent oversubscribed and more than double its $56 million debut fund, with commitments from more than 30 institutional and corporate limited partners across more than 20 countries, including Volvo Group Venture Capital, Holcim Maqer Ventures, Hilti Venture, Trimble Ventures, Acciona, DPR Construction, Mortenson and Dubai Future District Fund. Fund II widens Zacua’s construction technology focus to what it calls the physical industries: construction, critical infrastructure, manufacturing, energy and mining, with an emphasis on physical AI, robotics and alternative materials.
OpenAI’s Project Camellia data center campus in Effingham County, Georgia faces a third lawsuit. Three residents filed a 44 page complaint on November 6 in Effingham County State Court against OpenAI entities, county officials and the local industrial development authority, alleging fraud, concealment, civil conspiracy and violations of Georgia’s civil RICO statute in how the project was advanced, and seeking damages rather than an order halting construction. The allegations are untested and no court has made findings. The project itself is a proposed campus of about 1,440 acres under a memorandum involving up to $20 billion of investment, with Georgia Power expected to supply up to 3.2 gigawatts in phases; some reports estimate total cost at up to $30 billion. The county commissioners tabled the site plan on November 3 until November 17.