Profile
Passion Capital is a venture capital firm based in London, founded in 2011 by Eileen Burbidge, Robert Dighero, and Stefan Glaenzer. The firm focuses on backing outstanding European founders in technology sectors including AI, fintech, and enterprise risk. The current partnership includes Robert Dighero, Andrew Diamond, Will Martin, Sarah Turner, and Greg Bennett, CFA. Passion is known for being hands-on, opinionated, and moving quickly on conviction deals. They maintain a disciplined approach to fund size and portfolio construction, focusing solely on seed-stage investments.
The firm typically writes the first institutional cheque into companies, demonstrating a strong emphasis on leading or co-leading seed rounds. Their geographic focus is on the UK and Europe, with an investment philosophy centered on early-stage technology ventures. Passion Capital’s notable track record includes a net IRR of 23% and a 2.5x DPI across prior funds. They have produced five fintech unicorns from roughly 100 companies such as Monzo, GoCardless, Tide, Marshmallow, and Lendable.
Passion Capital's portfolio boasts significant names in the fintech space, including Monzo, a mobile-first bank, and GoCardless, a company facilitating direct bank account payments. Tide offers banking services for SMEs, while Marshmallow is a digital insurer catering specifically to expats. Other notable investments include Butternut Box - a subscription service for dog meals, and PolyAI - providing AI-based voice assistants.
Industry
Passion Capital Funds
| Name | Type |
|
|
|
Size | AUM | Launch date |
|---|---|---|---|---|---|---|---|
|
Passion Capital I
|
Venture Capital (VC)
|
E-commerce/Marketplace
Financial Services
Fintech
SaaS
Software
AI
Cybersecurity
PropTech / ConTech
HealthTech
|
Pre-seed
Seed
|
Europe
|
$5-10 m
|
$47 M
|
January 2011
|
|
Passion Capital Fund III
|
Venture Capital (VC)
|
E-commerce/Marketplace
Financial Services
Fintech
SaaS
Cybersecurity
HealthTech
|
Pre-seed
Seed
|
Europe
|
$5-10 m
|
$55 M
|
March 2021
|
|
Passion IV
|
Venture Capital (VC)
|
Financial Services
Fintech
Healthcare Services
Marketing and Advertising
Media and Entertainment
SaaS
Security
Software
HealthTech
AI
|
Pre-seed
Seed
|
North America
Europe
|
$5-10 m
|
$55 M
|
April 2026
|
Contacts
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