Passion Capital

From Infogalactic: the planetary knowledge core
Jump to: navigation, search

Passion Capital is a London-based early stage venture capital firm.[1][2]

History

The venture capital firm was launched in March 2011 as a private-public hybrid fund with an initial fund of $60 million, of which $40 million was from the United Kingdom government. The fund partners were Stefan Glaenzer, Eileen Burbidge and Robert Dighero, who were described by VentureBeat as being among Europe's most prolific investors.[3] They put out reports in 2012 (on their first year of operation)[4] and 2013 (on their first two years of operation).[5] The firm announced, at the end of May 2015, that they raised their second fund in the sum of $69 million (£45 million, of which £17.5million is provided by the United Kingdom government). [6]

Companies

Passion Capital has invested in Lulu (an app with information about men, including ratings by other women, for women interested in dating),[7] Smarkets (a United Kingdom-based peer-to-peer betting exchange),[8][9] Swipe (a cloud-based tool for creating and consuming slide deck-style presentations),[10] Wedo (a London-based online furniture store),[11] Coinfloor (a London-based Bitcoin trading exchange), Car Throttle (a London-based media platform for car enthusiasts),[9][12][13][14][15] Mondo [16] and many other companies.[1]

Transparency initiatives

Passion Capital has pioneered a number of transparency initiatives with relation both to company operation and to investment. In June 2013, they announced that they would have a "plain English term sheet" eschewing the use of legal jargon, and put up their sample term sheet online.[17] Passion Capital also publishes information annually on the status of its current and past investments, as well as its average salaries and other expenses.[4][5] In October 2012, Passion Capital announced joint office hours in London with ten other venture capital firms including Index Ventures, Accel Partners, Balderton Capital, and Eden Ventures.[18]

Media coverage

Passion Capital has been covered extensively on TechCrunch.[4][5][19] GigaOm described it as one of London's premier seed investors in an article where they published advice from the people running Passion Capital.[20] An article by Jessica Furseth about fundraising in London included Passion Capital.[21] VentureBeat included Passion Capital in an article on London's thriving startup ecosystem.[22]

External links

  • No URL found. Please specify a URL here or add one to Wikidata.
  • CrunchBase profile
  • Passion Capital on TwitterLua error in Module:WikidataCheck at line 28: attempt to index field 'wikibase' (a nil value).

References

  1. ↑ 1.0 1.1 Lua error in package.lua at line 80: module 'strict' not found.
  2. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  3. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  4. ↑ 4.0 4.1 4.2 Lua error in package.lua at line 80: module 'strict' not found.
  5. ↑ 5.0 5.1 5.2 Lua error in package.lua at line 80: module 'strict' not found.
  6. ↑ Lomas, Natasha (May 28, 2015) - London’s Passion Capital Raises $69M For Its Second Early Stage Fund/
  7. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  8. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  9. ↑ 9.0 9.1 Lua error in package.lua at line 80: module 'strict' not found.
  10. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  11. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  12. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  13. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  14. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  15. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  16. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  17. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  18. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  19. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  20. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  21. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  22. ↑ Lua error in package.lua at line 80: module 'strict' not found.
Retrieved from "https://infogalactic.com/w/index.php?title=Passion_Capital&oldid=710348022"