Passion Capital

Quick read

Passion Capital is a London-based seed VC, founded in 2011 and headquartered in Bermondsey. It claims to be Europe's first operator-led VC fund, writing first cheques into AI, fintech, and enterprise risk startups across the UK and Europe. In April 2026, it closed its fourth fund, Passion IV, at $55M — backed entirely by private capital — and reports a 23% net IRR and 2.5x DPI across its 15-year track record, with five unicorns produced to date.

Key facts

Founded

February 2011

Employees

10

Sectors

generalist, fintech, ai, consumer

Website

passioncapital.com

Investment thesis

Passion Capital writes first cheques at pre-seed and seed stage into founders building AI, fintech, and enterprise risk businesses in the UK and Europe, positioning itself as a high-touch, operator-led investor that supports companies from ideation through early growth.

Recent activity

• Apr 2026fundraise
  Closed fourth seed fund, Passion IV, alongside two SPVs at $55M (€46M), 100% backed by private capital. The fund had already deployed into 13 companies at announcement. eu-startups.com
• Apr 2026press
  Partner Greg Bennett spoke to Vestbee about seed-strapping trends and Passion Capital's high-touch founder support model. vestbee.com
• Feb 2026investment
  Portfolio company Lassie closed a $75M Series C to scale its pet insurance product across Europe. crunchbase.com
• Jan 2026press
  Published 2025 annual review, noting big exits and milestone growth rounds across the portfolio. passioncapital.com
• Jul 2025investment
  Led Paypercut's €2.0M pre-seed round, backing co-founders Stoil Vasilev, Gareth Walsh, and Emil Savov. passioncapital.com

Notable investments

• PaypercutPre-SeedJul 2025passioncapital.com
• LassieSeries CFeb 2026crunchbase.com
• TealPre-Seedzoominfo.com
• MonzoSeedzoominfo.com
• GoCardlessSeedpassioncapital.com
• MindLabstracxn.com
• FocalPoint PositioningSeedtracxn.com
• AdzunaSeedtracxn.com
• Yhangrytracxn.com

Key people

Named individuals at the firm. We don't expose direct email or phone — use their LinkedIn for outreach.

• Robert Dighero · Partner
• Andrew Jenkins · Partner
• Will Orde · Partner
  LinkedIn
• Sarah Stafford · Partner
• Greg Bennett · Partner
• Eileen Burbidge · Partner
• Stefan Glaenzer · Founding Partner

Sources

• London's Passion Capital closes €46 million fourth Seed fund targeting AI and FinTech startups
• Passion Capital: $55 Million Raised For Fourth Seed Fund Passion IV
• Passion Capital Closed Passion IV, at $55M
• About - Passion Capital
• News & Views - Passion Capital
• VC of the month — Passion Capital | Vestbee
• Passion Capital - 2026 Investor Profile, Portfolio, Team & Investment Trends

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• Hoxton Ventures · Seed VC, London·
• Episode 1 Ventures · Seed VC, London

Explore VCs by sector

• Generalist in United Kingdom
• Consumer in United Kingdom

Globally

• Generalist worldwide
• Consumer worldwide

Frequently asked