Seed VC, London

Passion Capital

Venture capital firm · London · Founded February 2011

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

  • Jun 2026investment
    Passion Capital invested in Paypercut's €5M Seed round, co-leading alongside Concentric and Aráya Ventures. SMOK Ventures, Portfolio Ventures, BrightCap Ventures, Main Set and others also joined. linkedin.com
  • Apr 2026fundraise
    Passion Capital raised $55M for its fourth seed fund, Passion IV, targeting AI, fintech, and enterprise risk startups. cbinsights.com
  • Feb 2026investment
    Passion Capital participated in Lassie's $75M Series C round, its most recent tracked deal as of early 2026. startupintros.com
  • Feb 2026press
    As of February 2026, Passion Capital had invested in 107 companies total, with 5 new investments in the prior 12 months. tracxn.com
  • 2025investment
    Passion Capital led a £1.4M pre-seed round in Teal, a payroll data platform for the credit industry. ACF Investors, K Fund, and angels from Plaid and Checkout also participated. zoominfo.com
  • 2024investment
    Passion Capital participated in Fertifa's £5M round alongside Notion Capital, Triple Point, Conviction, EQT Foundation and others. Fertifa provides reproductive health benefits in the UK and Europe. twstalker.com
  • Jun 2026investment
    Passion Capital made its latest investment in Paypercut, a financial services company, on 3 June 2026. pitchbook.com
  • Apr 2026investment
    Passion Capital led Tapaya's €1M pre-seed round, with Depo Ventures as co-lead and BADideas.fund also participating. Tapaya turns Android devices, kiosks, and tablets into software payment terminals. techfundingnews.com
  • Apr 2026fundraise
    Passion Capital closed its fourth seed fund, Passion IV, alongside two SPVs at $55M (€46M) in total. The fund is 100% backed by private capital and targets AI, FinTech, and Enterprise Risk founders across the UK and Europe. It has already been deployed into 13 companies. eu-startups.com
  • Apr 2026fundraise
    Passion IV will be managed by partners Robert, Andrew, Will, Sarah, and Greg. Since founding in 2011, Passion Capital reports a net IRR of 23% and a 2.5x DPI multiple. pulse2.com
  • Feb 2026investment
    Passion Capital participated in Lassie's Series C round. The Swedish pet insurance startup raised $75M in the round. tracxn.com
  • Dec 2025press
    GoCardless, a Passion Capital portfolio company, was acquired by Dutch payments firm Mollie for €1.1bn. Passion Capital distributed €72M ($85M) to LPs in 2025 — more than the size of any of its previous funds. passioncapital.com

Notable investments

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

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Frequently asked

What is Passion Capital?+

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.

Where is Passion Capital headquartered?+

Passion Capital is headquartered in London, United Kingdom.

When was Passion Capital founded?+

Passion Capital was founded in February 2011.

What sectors does Passion Capital invest in?+

Passion Capital focuses on generalist, fintech, ai, consumer. They primarily invest in these sectors.

How do I prepare for a meeting with Passion Capital?+

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Generated by briefthecall.com from public web sources. Last updated July 9, 2026. Each claim is linked to its source above.

Automatically generated by AI from public sources. May be inaccurate or out of date. Remove or correct this profile →