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Passion Capital

Europe, England, United Kingdom, London

Description

Passion Capital is a prominent early-stage venture capital firm headquartered in London, United Kingdom, renowned for its focus on pre-seed and seed-stage technology companies. Founded by a team of experienced entrepreneurs and operators—Eileen Burbidge, Robert Dighero, and Stefan Glaenzer—the firm brings a deep understanding of the challenges and opportunities faced by nascent startups. Their strategic location in London places them at the heart of one of Europe's most vibrant tech ecosystems, allowing them to identify and nurture promising ventures from their earliest stages.

The firm's investment philosophy is characterized by a highly hands-on approach. Passion Capital prides itself on being more than just a capital provider, offering extensive operational support, strategic guidance, and access to a vast network of industry contacts. They typically partner with founders who are building disruptive technologies and scalable business models, demonstrating a strong conviction in the team and vision. While sector-agnostic within the technology sphere, they have a notable track record in areas such as fintech, SaaS, and consumer internet, backing companies that aim to redefine their respective markets.

Passion Capital has significantly contributed to the growth of the UK's startup landscape, with a portfolio that includes some of the region's most successful tech companies, such as GoCardless and Monzo. The firm has consistently demonstrated its ability to attract capital, successfully closing multiple funds to support its investment strategy. For instance, Passion Capital closed its third fund, Fund III, at £70 million in 2018, further solidifying its capacity to deploy significant capital into promising early-stage ventures. More recently, they secured £60 million for their fourth fund, Fund IV, in 2023, underscoring their enduring commitment to fostering innovation and growth within the UK's tech sector. Their typical initial investment ranges from £250,000 to £1.5 million, targeting companies poised for rapid scaling.

Investor Profile

Passion Capital has backed more than 184 startups, with 3 new investments in the last 12 months alone. The firm has led 41 rounds, about 22% of its total and boasts 22 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series A, Series B rounds (top funding stages).
  • Majority of deals are located in United Kingdom, United States, Germany.
  • Strong thematic focus on Software, FinTech, Financial Services.
  • Led 3 rounds in the past year.
  • Typical check size: $312.5K – $1.9M.

Stage Focus

  • Seed (45%)
  • Series A (20%)
  • Series B (9%)
  • Series Unknown (8%)
  • Pre Seed (5%)
  • Series C (4%)
  • Series D (2%)
  • Convertible Note (2%)
  • Angel (2%)
  • Series G (1%)

Country Focus

  • United Kingdom (73%)
  • United States (9%)
  • Germany (7%)
  • Estonia (4%)
  • Spain (3%)
  • Sweden (3%)
  • The Netherlands (1%)

Industry Focus

  • Software
  • Fintech
  • Financial Services
  • E-commerce
  • Artificial Intelligence (Ai)
  • Information Technology
  • Saas
  • Banking
  • Internet
  • Payments
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Passion Capital frequently co-invest with?

Seedcamp
Europe, England, United Kingdom, London
Co-Investments: 6
Y Combinator
North America, California, United States, Mountain View
Co-Investments: 6
Thrive Capital
North America, New York, United States, New York
Co-Investments: 6
Accel
North America, California, United States, Palo Alto
Co-Investments: 11
Amadeus Capital Partners
Europe, Cambridgeshire, United Kingdom, Cambridge
Co-Investments: 8
Balderton Capital
Europe, England, United Kingdom, London
Co-Investments: 8
Playfair Capital
Europe, England, United Kingdom, London
Co-Investments: 11
LocalGlobe
Europe, England, United Kingdom, London
Co-Investments: 7
Goodwater Capital
North America, California, United States, Burlingame
Co-Investments: 6
Notion Capital
Europe, England, United Kingdom, London
Co-Investments: 7

Which angels does Passion Capital often collaborate with?

TB
Europe, England, United Kingdom, London
Shared Deals: 4
LM
Europe, England, United Kingdom, London
Shared Deals: 2
PF
North America, Massachusetts, United States, Cambridge
Shared Deals: 6
SG
Europe, England, United Kingdom, London
Shared Deals: 5
RF
Europe, England, United Kingdom, London
Shared Deals: 4
TH
Europe, England, United Kingdom, London
Shared Deals: 4
IH
Europe, England, United Kingdom, London
Shared Deals: 3
EB
Europe, England, United Kingdom, London
Shared Deals: 6
PR
Europe, England, United Kingdom, London
Shared Deals: 4
ED
Europe, England, United Kingdom, London
Shared Deals: 3

What are some of recent deals done by Passion Capital?

Xelix

London, England, United Kingdom

Xelix utilizes AI technology to automate and enhance the accounts payable process by analyzing invoices, statements, and vendor data.

Artificial Intelligence (AI)FinanceFinTechSaaSSoftware
Series BJul 21, 2025
Amount Raised: $160,000,000
Paypercut

Sofia, Grad Sofiya, Bulgaria

Paypercut is a fintech startup that allows small and mid-scaled merchants to offer Buy Now, Pay Later at checkout via a single integration.

Digital MarketingFinancial ServicesOnline Portals
Pre SeedJul 16, 2025
Amount Raised: $2,323,668
Teal

London, England, United Kingdom

Teal is a payroll API platform, building financial solutions for the credit industry

FinTech
Pre SeedJun 10, 2025
Amount Raised: $1,900,000
LangWatch

Amsterdam, Noord-Holland, The Netherlands

LLMops, AI evaluations, B2B, AI optimisations, Prompt management, Collaboration

AnalyticsAppsSoftware
Pre SeedFeb 25, 2025
Amount Raised: $1,047,674
Round Treasury

London, England, United Kingdom

Round helps venture backed businesses minimise risk and maximise return on excess cash.

BankingFinancial ServicesFinTech
Pre SeedOct 8, 2024
Amount Raised: $2,094,926
CultureAI

Manchester, Manchester, United Kingdom

CultureAI is a human risk management platform that helps to identify workforce security risks and coach employees.

Cyber SecurityInformation TechnologySecuritySoftware
Series AJul 17, 2024
Amount Raised: $10,000,000
PolyAI

London, England, United Kingdom

PolyAI develops a machine learning platform for conversational artificial intelligence.

Artificial Intelligence (AI)Call CenterCustomer ServiceEnterprise SoftwareMachine LearningSoftware
Series CMay 16, 2024
Amount Raised: $50,000,000
SAPI

London, England, United Kingdom

Our embedded finance loan-product-as-a-service enable payment companies and platforms to offer SME loan products to their business clients.

Commercial LendingCreditEmbedded SoftwareEmbedded SystemsFinancial ServicesFinTechFunding Platform
Series UnknownMar 12, 2024
Amount Raised: $9,596,290
Monzo

London, England, United Kingdom

Monzo is a digital bank that provides a user-friendly mobile app, innovative features, and a transparent approach to banking.

BankingFinancial ServicesFinTechWealth Management
Series IMar 5, 2024
Amount Raised: $431,947,333
Salv

Tallinn, Harjumaa, Estonia

Salv provides an Anti-Money Laundering platform that uses smart technology to reduce non-compliance and financial crime.

ComplianceFinancial ServicesFinTechFraud DetectionSecurity
Series UnknownDec 14, 2023
Amount Raised: $4,287,406