# Passion Capital: portfolio, investments and team

> Passion Capital is a vc firm based in United Kingdom. 115 investments on record, 7 in the last 12 months, latest Sept 2026.

Source: https://millionrounds.com/fund/passion-capital (Millionrounds; every figure on the page links to its filing or article)

United Kingdom · [Investor](https://millionrounds.com/investors)

# Passion Capital

Last cheque observed Sep 2026; 115 cheques on record.

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Deploying now New fund $55M, Apr 2026 VC firm

Seed Series A AI Fintech Risk

Follow Passion Capital and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fpassion-capital)

Deploying now

**54%** of best year **7** **cheques in 12 months**, 115 on record

Since the last cheque **32** days **00** hrs **00** min **00** sec

Median round **$6.7M** Cheque size, as they say **$528K – $660K** Rounds led **3 of 115** Sole investor **14 rounds** Exits **1 from the portfolio** Mostly in **United Kingdom, 71%**

Pitch Passion Capital

## Passion Capital highlights

- 01 7 cheques in the last 12 months
- 02 Mostly Seed and Series A: 65% of its rounds
- 03 Sole investor in 14 rounds, median $1.8M
- 04 1 exits from the portfolio

## What they do

> We are a partnership of entrepreneurs and operators who are applying our experiences to helping founders build great technology companies across AI, FinTech & Risk. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $528K – $660K as they say
- **Stages:** Seed Series A
- **Sectors:** AI Fintech Risk
- **Based in:** London, United Kingdom
- **Cold pitches:** Accepted

## The record

Every round we can evidence, newest first **115 appearances**

- **2026** 5 rounds
- **Sept** **[Marble](https://millionrounds.com/company/marble)** Series A · Smartfin **$7.4M** With 4 others
- **Jul** **[geoSurge](https://millionrounds.com/company/geosurge)** Seed · GB **$12M** With 3 others
- **Jun** **[Paypercut](https://millionrounds.com/company/paypercut)** Seed · BG **$5.8M** With 3 others
- **Apr** **[Tapaya](https://millionrounds.com/company/tapaya)** Pre-seed · CZ **$1.2M** With 1 other
- **Feb** **[Aloft](https://millionrounds.com/company/aloft)** Pre-seed · GB · Passion Capital **$1.0M** *Led*
- **2025** 13 rounds
- **Dec** **[Sequence](https://millionrounds.com/company/sequence)** Series A · GB **$20M** With 3 others
- **Nov** **[SAPI](https://millionrounds.com/company/sapi)** Debt · GB **$74M** With 1 other
- **Sept** **[Tide](https://millionrounds.com/company/tide)** Growth · GB · Silicon Canals **$120M** With 8 others
- **Aug** **[Emblematic](https://millionrounds.com/company/emblematic)** Pre-seed · US **$2.0M** With 3 others
- **Aug** **[Warren.io](https://millionrounds.com/company/warren-io)** Seed · EE **$350K** With 1 other
- **Aug** **[Attio](https://millionrounds.com/company/attio)** Series B · GB **$52M** With 4 others
- **Jul** **[Paypercut](https://millionrounds.com/company/paypercut)** Pre-seed · GB · Passion Capital **$2.3M** *Led*
- **Jul** **[Xelix](https://millionrounds.com/company/xelix)** Series B · GB **$160M** With 3 others
- **Jun** **[Teal](https://millionrounds.com/company/teal)** Pre-seed · GB · Passion Capital **$1.9M** *Led*
- **May** **[Tillo](https://millionrounds.com/company/tillo)** Growth · GB · Passion Capital **Undisclosed** With 2 others
- **May** **[Butternut Box](https://millionrounds.com/company/butternut-box)** Debt · GB **$85M** With 4 others
- **Apr** **[Marshmallow](https://millionrounds.com/company/marshmallow)** Series C · GB **$45M** With 4 others
- **Feb** **[LangWatch](https://millionrounds.com/company/langwatch)** Pre-seed · NL **$1.1M** With 2 others
- **2024** 4 rounds
- **Oct** **[Round Treasury](https://millionrounds.com/company/round-treasury)** Pre-seed · GB **$2.1M** With 4 others
- **Jul** **[FullCircl](https://millionrounds.com/company/fullcircl)** Venture · GB **Undisclosed** With 3 others
- **Jul** **[CultureAI](https://millionrounds.com/company/cultureai)** Series A · GB **$10M** With 2 others
- **Mar** **[Salv](https://millionrounds.com/company/salv)** Venture · EE **Undisclosed** With 4 others
- **2023** 11 rounds
- **Dec** **[Salv](https://millionrounds.com/company/salv)** Venture · EE **$4.3M** With 4 others
- **Nov** **[Secondmind](https://millionrounds.com/company/secondmind)** Venture · GB **$16M** With 3 others
- **Nov** **[Safi](https://millionrounds.com/company/safi)** Series A · GB **$20M** With 3 others
- **Nov** **[Lassie](https://millionrounds.com/company/lassie)** Series B · SE **$25M** With 3 others
- **Nov** **[Retorio](https://millionrounds.com/company/retorio)** Series A · DE **$9.8M** With 2 others
- **Jun** **[BoomFi](https://millionrounds.com/company/boomfi)** Seed · GB **$3.8M** With 2 others
- **Jun** **[Atoa](https://millionrounds.com/company/atoa)** Seed · GB **$6.5M** With 2 others
- **Jun** **[Fertifa](https://millionrounds.com/company/fertifa)** Seed · GB **$6.3M** With 3 others
- **Apr** **[Warren.io](https://millionrounds.com/company/warren-io)** Seed · EE · Firms' own news pages **Undisclosed** With 1 other
- **Apr** **[Adludio](https://millionrounds.com/company/adludio)** Series A · GB **$2.5M** With 4 others
- **Feb** **[Cordless](https://millionrounds.com/company/cordless)** Seed · GB **$2.3M** With 2 others
- **2022** 7 rounds
- **Nov** **[QuiX](https://millionrounds.com/company/quix)** Series A · NL **$13M** With 2 others
- **Oct** **[ChAI](https://millionrounds.com/company/chai)** Venture **Undisclosed** With 4 others
- **Sept** **[Focal Point Positioning](https://millionrounds.com/company/focal-point-positioning)** Series C · GB **$27M** With 3 others
- **Jun** **[Screenloop](https://millionrounds.com/company/screenloop)** Seed · GB **$6.9M** With 3 others
- **Mar** **[Lendable](https://millionrounds.com/company/lendable)** Venture · GB **$275M** With 2 others
- **Mar** **[Causal](https://millionrounds.com/company/causal)** Series A · GB **$20M** With 3 others
- **Feb** **[Hullabalook](https://millionrounds.com/company/hullabalook)** Series A · GB **$8.2M** With 3 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

We hold **9** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**4+** funds on file numbered funds in its name

## What they claim to have backed

From their own portfolio page (on their website)

**1** of 1 we have independently watched raise

[MILK](https://millionrounds.com/company/milk)

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

## Exits from the portfolio

Companies it backed that were later bought or listed **1 in all**

**[Toothpick](https://millionrounds.com/company/toothpick)** Bought by WhatClinic.com **Undisclosed** Nov 2015

An exit counts when it came after the firm's first round in the company. From historical deal records.

New fund on file

**$55M**

raised in Apr 2026

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Seed Series A

Median round joined **$6.7M** the round, not its cheque Alone, median **$1.8M**

Led 3 of 115 rounds **3%**

- **Said size:** $528K – $660K
- **Sole investor:** 14 rounds
- **Last cheque:** Sept 2026
- **Exits:** 1 from the portfolio

Rounds by stage said on their site

- Seed said *44*
- Series A said *20*
- Venture *18*
- Series B *8*
- Pre-seed *8*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [Balderton Capital](https://millionrounds.com/fund/balderton-capital) 7
- [Notion Capital](https://millionrounds.com/fund/notion-capital) 5
- [Playfair Capital](https://millionrounds.com/fund/playfair) 5
- [Seedcamp](https://millionrounds.com/fund/seedcamp) 5
- [Accel](https://millionrounds.com/fund/accel) 4
- [Fly Ventures](https://millionrounds.com/fund/fly-ventures) 4

**Pitching Passion Capital?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as Passion Capital. A count of rooms they were both in, not a relationship either has claimed.

[**Balderton Capital** VC firm **7** rounds together](https://millionrounds.com/fund/balderton-capital)[**Notion Capital** VC firm **5** rounds together](https://millionrounds.com/fund/notion-capital)[**Playfair Capital** VC firm **5** rounds together](https://millionrounds.com/fund/playfair)[**Seedcamp** VC firm **5** rounds together](https://millionrounds.com/fund/seedcamp)[**Accel** VC firm **4** rounds together](https://millionrounds.com/fund/accel)[**Fly Ventures** VC firm **4** rounds together](https://millionrounds.com/fund/fly-ventures)[**Index Ventures** VC firm **4** rounds together](https://millionrounds.com/fund/index-ventures)[**PROfounders Capital** VC firm **4** rounds together](https://millionrounds.com/fund/profounders-capital)[**Peter Read** Angel **4** rounds together](https://millionrounds.com/fund/peter-read)[**Richard Fearn** Angel **4** rounds together](https://millionrounds.com/fund/richard-fearn)[**Wellington Partners** VC firm **4** rounds together](https://millionrounds.com/fund/wellington-partners)[**Amadeus Capital Partners** VC firm **3** rounds together](https://millionrounds.com/fund/amadeus-capital-partners)

## Recently backed

The latest companies Passion Capital put money into.

[**geoSurge** $12M · Jul 2026](https://millionrounds.com/company/geosurge)[**Paypercut** $5.8M · Jun 2026](https://millionrounds.com/company/paypercut)[**Tapaya** $1.2M · Apr 2026](https://millionrounds.com/company/tapaya)[**Aloft** $1.0M · Feb 2026](https://millionrounds.com/company/aloft)[**SAPI** $74M · Nov 2025](https://millionrounds.com/company/sapi)[**Tide** $120M · Sept 2025](https://millionrounds.com/company/tide)

## On podcasts

5 episodes naming Passion Capital in the title, and 3 more that mention it.

- [Scaling Europe](https://millionrounds.com/podcasts/scaling-europe) 6 Nov 2025 · 23 min Will Orde: Partner at Passion Capital With [Will Orde](https://millionrounds.com/person/will-orde) Mentions [Passion Capital](https://millionrounds.com/fund/passion-capital)[Downing Ventures](https://millionrounds.com/fund/downing-ventures) Apple PodcastsShow page
- [UKTN: The Podcast](https://millionrounds.com/podcasts/uktn) 16 Oct 2023 · 31 min Diversity is UK tech’s competitive advantage over Silicon Valley – Passion Capital’s Eileen Burbidge Mentions [Eileen Burbidge](https://millionrounds.com/fund/eileen-burbidge)[Passion Capital](https://millionrounds.com/fund/passion-capital)[Sun Microsystems](https://millionrounds.com/fund/sun-microsystems) Apple PodcastsShow page
- [Startup Europe](https://millionrounds.com/podcasts/sifted) 20 Jul 2023 · 60 min Interview: Passion Capital's Eileen Burbidge on crisis talks at Monzo and building a reproductive healthcare company Mentions [Eileen Burbidge](https://millionrounds.com/fund/eileen-burbidge)[Passion Capital](https://millionrounds.com/fund/passion-capital) Apple Podcasts
- [Alt Goes Mainstream](https://millionrounds.com/podcasts/alt-goes-mainstream) 4 May 2021 · 50 min The trailblazing "Queen of British VC," Passion Capital Partner Eileen Burbidge, on startup royalty and venturing into the crowd Mentions [Eileen Burbidge](https://millionrounds.com/fund/eileen-burbidge)[Passion Capital](https://millionrounds.com/fund/passion-capital)[Sun Microsystems](https://millionrounds.com/fund/sun-microsystems) Apple PodcastsShow page
- [The Twenty Minute VC](https://millionrounds.com/podcasts/20vc) 9 Mar 2015 · 19 min 20 VC 018: Seed Stage Investing with Stefan Glaenzer of Passion Capital Mentions [Passion Capital](https://millionrounds.com/fund/passion-capital)[Stefan Glaenzer](https://millionrounds.com/fund/stefan-glaenzer) Apple PodcastsShow page

### Mentioned in

- [Fintech Insider](https://millionrounds.com/podcasts/fintech-insider) 15 Mar 2021 · 1h 0m 510. News: Starling becomes a unicorn and So-Fi really want a licence Apple PodcastsShow page
- [Fintech Insider](https://millionrounds.com/podcasts/fintech-insider) 22 Jun 2018 · 30 min Ep. 228. 11:FS Presents One Fintech Nation - The UK as a Fintech Hotspot Apple PodcastsShow page
- [The Twenty Minute VC](https://millionrounds.com/podcasts/20vc) 12 Aug 2015 · 27 min 20 VC 062: Shaking Up London's VC Scene with Fede Pirzio-Biroli, Founder @ Playfair Capital Apple PodcastsShow page

## Quick answers about Passion Capital

### What does Passion Capital invest in?

Passion Capital invests most often at Seed and Series A (65% of the rounds on record), in sectors such as AI, Fintech and Risk.

### How active is Passion Capital?

115 investments on record, 7 of them in the last 12 months, and it led 3. The most recent was in Sept 2026.

### What has Passion Capital invested in recently?

Its most recent investments on record: Marble (Series A, Sept 2026), geoSurge (Seed, Jul 2026) and Paypercut (Seed, Jun 2026).

### How big are Passion Capital's cheques?

The median round it joins is $6.7M. It says it writes cheques of $528K to $660K.

### Does Passion Capital lead rounds?

Sometimes: it led 3 of its 115 investments on record (3%).

### Where does Passion Capital invest?

Most of the companies it backs are in the United Kingdom (71%), Estonia (11%) and the Netherlands (5%).

### Is Passion Capital investing now?

Yes: it is actively investing, with 7 investments in the last 12 months.

### Who does Passion Capital invest alongside?

Most often Balderton Capital (7 rounds together), Notion Capital (5 rounds together) and Playfair Capital (5 rounds together).

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