Passion Capital Closes €46M Seed Fund For AI And Fintech Startups

The fund is fully backed by private investors and will continue focusing on early-stage startups across AI, fintech, and enterprise risk in the UK and Europe.

Over its history, Passion Capital has backed more than 100 companies, including Monzo, Tide, GoCardless, Lendable and PolyAI, producing five fintech unicorns.

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The firm reports strong performance, including a 23% net IRR and 2.5x DPI, and has returned approximately €72 million ($85 million) to its limited partners to date. In 2025, its portfolio saw major liquidity events, including exits and acquisitions across multiple companies.

With its new fund, Passion Capital aims to continue supporting ambitious founders building high-impact technology companies from the earliest stages.

“None of this is possible without the backing of our LPs. As investors we always back people first and their ability to execute, and AI is now helping them build more efficiently. Many thanks to our LPs and founders,” shared Greg Bennett, CFA, Partner at Passion Capital, in a public statement.

About Passion Capital

Passion Capital is a founder-first European venture capital firm that invests in early stage technology startups. The firm supports entrepreneurs building high-impact and disruptive companies using its experience and network to help founders scale innovative solutions that drive meaningful change across industries and society.