Founded in 2011, Passion Capital is a London-based venture capital firm investing in early-stage technology businesses across the UK and Europe, with a particular focus on artificial intelligence, fintech and enterprise risk. The firm typically invests at pre-seed stage, providing initial investments averaging £400,000–£500,000, alongside capacity for follow-on funding. Since inception, Passion Capital has backed more than 100 technology businesses, combining financial investment with operational expertise, mentoring and strategic guidance to support founders from initial product development through to scaling and exit.

Between 2019 and June 2026, Passion Capital participated in 61 fundraisings involving 39 UK-based companies. These companies recorded average turnover of £210 million and employed an average of 209 people.

Scaleups backed by Passion Capital include Monzo, the UK digital challenger bank, and Xelix, an AI-powered accounts payable automation platform. Passion has continued to invest in emerging UK technology businesses, particularly those developing AI-enabled financial solutions. In April 2026, it participated in a $6 million seed funding round for Round, a London-based AI-powered finance automation platform serving businesses including Cleo and PostHog. Passion had previously led Round’s $2.1 million pre-seed round in October 2024. 

In April 2026, Passion announced the final close of its fourth fund, Passion IV, alongside two special purpose vehicles, securing a combined $55 million in capital. The fund focuses on backing early-stage businesses developing AI, fintech and enterprise risk solutions across the UK and Europe, with 13 companies already supported by the time of the announcement. The firm also outlined plans to establish a dedicated growth-stage fund to provide further capital to established portfolio businesses and selected companies from its wider network.

Beyond finance, Passion provides hands-on support to founders, drawing on its team’s operational experience to help businesses develop products, achieve product-market fit, recruit talent and secure follow-on investment. The firm recorded several significant investment outcomes during 2025, including the acquisition of fraud prevention company Ravelin by Worldpay and the sale of Tillo to Tenzing, which generated a 33-fold return on Passion’s original investment. Passion also reported distributing $85 million to its investors during 2025, reflecting the maturation of its earlier portfolio investments.

Passion Capital website