Passion Capital

The London VC fund headed by leading European angel investors and entrepreneurs Eileen Burbidge, Stefan Glaenzer and Robert Dighero…

Fund name: Passion Capital
Investor category: Venture capital
Based in: London
Website: www.passioncapital.com

Description:

Founded in 2011 by three of the biggest names in European tech – Eileen Burbidge, Stefan Glaenzer and Robert Dighero.

Investment criteria:

Passion Capital specialises in seed and early-stage funding rounds in tech businesses from across Europe. It focuses on the e-commerce, analytics, and finance industries but has recently extended its investments to fraud prevention, cyber security and wearables. The fund has backed over 30 businesses to date and looks for investee companies which have passionate and skilled founders. Its average seed round investment is £183,000 and it won’t typically back sole-founder businesses.

Size of fund:

$60m estimated

Portfolio company:

In February 2014 fintech start-up Birdbeck closed a $2.4m round led by Passion Capital to support its launch later in the year. A card linking platform which enables customers to take advantage of offers without the need for loyalty cards of printed vouchers, the Clerkenwell start-up was planning to use the funds to target the European market. Passion Capital invested alongside Playfair Capital and leading private investors including Luke Johnson.

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