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Passion Capital

Passion Capital

UK based venture capital firm focusing on early stage start-ups.

History

The venture capital firm was launched in March 2011 as a private-public hybrid fund with an initial fund of $60 million, of which $40 million was from the United Kingdom government. The fund partners are Stefan Glaenzer, Eileen Burbidge and Robert Dighero. The firm announced, at the end of May 2015, that they raised their second fund in the sum of $69 million.

Transparency initiatives

Passion Capital has pioneered a number of transparency initiatives with relation both to company operation and to investment. In June 2013, they announced that they would have a "plain English term sheet" eschewing the use of legal jargon, and put up their sample term sheet online. Passion Capital also publishes information annually on the status of its current and past investments, as well as its average salaries and other expenses. In October 2012, Passion Capital announced joint office hours in London with ten other venture capital firms including Index Ventures, Accel Partners, Balderton Capital, and Eden Ventures.

Timeline

Funded Companies

Company
Description
Industry
Website
Location
GoCardless

GoCardless is a payments company that developed global payments network based on the bank to bank payment systems. It participated in the S11 cohort of Y Combinator

Monzo is a software development company developing mobile banking applications.

An artificial intelligence company with software that automates robotic manual work. It is located in London, England and was founded in 2016.

Sports betting, political prediction markets and fintech markets exchange.

Adzuna is a London-based recruitment company founded in 2011.

Reach Robotics is a company that is commmitted to creating advanced and accessible robotics to entertain, inspire and educate people.

Nested is a London-based company founded by Matt Robinson, James Turford and Phil Cowans.

EyeEm is a Berlin-based company founded by Sadakane Gen, Florian Meissner, Lorenz Aschoff and Ramzi Rizk.

Secondmind closes the gap between people and AI, and supercharges decision-making with the Secondmind Decision Engine.

Ravelin is a London-based financial fraud detection and prevention company founded by Stephen Whitworth, Nick Lally, Mairtin O'Riada, Martin Sweeney and Leonard Austin.

Prowler.io is a company that generalizes decision-making using principled AI.

Mobile app for creating and sharing GIF-loop videos.

Coinfloor is a Chancery Lane-based company founded in 2013 by Amadeo Pellicce, Obi Nwosu and Mark Lamb.

Spill is a company founded by Heidi Allstop.

Warren is a New York-based company.

Car discovery and ratings for buyers.

27 Results
Results per page:
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People

Name
Role
LinkedIn

Eileen Burbidge

Partner

Greg Young

Employee

Justin Vekinis

Employee

Malte Delbrueck

Employee

Melissa Trahan

Employee

Nicolas Sharp

Employee

Robert Dighero

Partner

Sandra Lee

Employee

Siim Teller

Employee

Stefan Glaenzer

Partner

Tom Hulme

Investor

Further reading

Title
Author
Link
Type
Date

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

Adzuna

Bonfire (company)

Digital Shadows (company)

Flattr

Focal Point Positioning (company)

Fundstack

Gocardless

Gosquared

Hometouch

Hullabalook

Lazook

Limejump

Loopcam

Page 1 of 3

News

Title
Author
Date
Publisher
Description
Amy Lewin
March 10, 2021
Sifted
Passion Capital is inviting 'ordinary' investors to get in on its latest £45m fund. It's the latest in a trend towards 'democratising' VC.
Mike Butcher
March 9, 2021
TechCrunch
Passion Capital, one of the UK's first early-stage VCs, is to crowd-fund the final stage of its latest £45 million fund ($62.5m), Passion Capital Fund III. TechCrunch understands this is the first time retail investors have been invited to become LPs in a VC fund, at least in Europe. Passion says it will use the [...]
Mike Butcher
March 9, 2021
TechCrunch
Passion Capital, one of the UK's first early-stage VCs, is to crowd-fund the final stage of its latest £45 million fund ($62.5m), Passion Capital Fund III. TechCrunch understands this is the first time retail investors have been invited to become LPs in a VC fund, at least in Europe. Passion says it will use the [...]
Samantha Hurst
November 9, 2020
Crowdfund Insider
Click HERE to find out ⭐ UK Financing Platform Sugar Raises £1.5 Million Through Pre-Seed Funding Round Led By Passion Capital. | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more.
Natasha Lomas
October 30, 2020
TechCrunch
U.K.-based Fertifa has bagged a £1 million (~$1.3 million) seed to plug into a fertility-focused workplace benefits platform. Passion Capital is investing in the round, along with some unnamed strategic angel investors. The August 2019-founded startup sells bespoke reproductive health and fertility packages to U.K. employers to offer as workplace benefits to their staff -- [...]
Natasha Lomas
November 2, 2020
TechCrunch
New research looking into how U.K. VC has been invested over the past decade according to race, gender and educational background makes for grim reading -- with all-ethnic teams and female entrepreneurs receiving just a fraction of available funding versus all-white teams and male founders. The finding of baked-in bias holds true across all funding [...]
Steve O'Hear
August 27, 2020
TechCrunch
Fronted, the new London-based startup aiming to make life easier for renters, including lending the cash needed for a deposit, has picked up seed investment from Passion Capital. The investment showed up in a recent regulatory filing for the company. The exact cheque size isn't yet disclosed, but what we do know is that Passion [...]

References

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