Fund profile / United Kingdom

Passion Capital Fund IV

Geography: United Kingdom
Stage: Seed
Fund size: £46M
Focus: AI/ML and FinTech
Signals: Published

N°01 / About

About Passion Capital Fund IV

Passion Capital closes £46M Seed Fund IV to defend London's first-cheque franchise. Invests in seed-stage AI and fintech companies in London and the UK.

N°02 / Thesis

Investment Focus

Location / RegionUnited Kingdom

Funding StageSeed

Industry Focus

AI/ML

FinTech

Investor Signals Profile

active

Sweet Spot

UK/EU AI or fintech founder raising first institutional seed cheque

Fintech

Insurtech

Enterprise Risk

UK/Europe Seed

First Cheque

Payments Infrastructure

Device-Free Payments

AP Automation

OCR/NLP Enterprise

Bullish Signals

€72M returned to LPs in 2025blog

13 deals already deployedblog

2.5x DPI, 23% net IRR track recordblog

5 fintech unicorns from 100 companiesblog

Monzo & GoCardless — flagship portfolio pridetwitter

Active: led Tapaya €1M pre-seedlinkedin

Backing device-free payments infra playslinkedin

Tapaya: founding team deep ops expertiselinkedin

Lassie portfolio: €99M claims paid, 5yr growthlinkedin

Insurtech expansion: pet insurance proven categorylinkedin

Backing Xelix: AI invoice intake for AP teamslinkedin

Xelix 99% extraction accuracy, 220M+ invoicesexternal

Enterprise OCR/NLP play with strong unit economicsexternal

GoCardless acquired by Mollie, decade-long convictionlinkedin

RD 15yr GoCardless hold, led fintech thesislinkedin

GoCardless founders: Hiroki, Matt, Tom multi-exit provenlinkedin

RD 15yr execution + returns, blueprint for convictionlinkedin

GoCardless-Monzo-Ravelin: thesis-driven portfolio clusteringlinkedin

Contrarian Signals

€46M fund, frothy AI entry pricesblog

Fund smaller than predecessor — AUM shrinkblog

Only ~20-25 deals total, ultra-selectiveblog

Twitter mostly non-deal noise, low signaltwitter

Founder Do's

Show top-decile positioning in your category

UK or European base preferred

Pre-seed or seed stage only

Expect fast decisions on conviction

Be ready for concentrated, hands-on partner

Deep domain knowledge in your vertical a must

AI/ML applied to enterprise workflows: strong fit

Founder Don'ts

Don't pitch if post-seed or Series A

Don't expect passive, hands-off capital

Don't pitch without clear category edge

38 signals on Passion Capital Fund IV

18 bullish · 4 contrarian · 7 pitch do's · 3 don'ts · 6 GP profiles, each with its source. From €9/month, cancel anytime.

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Facts

Fund Overview

Fund Size£46M

Saves0

Website

People

Key People

Eileen Burbidge, Robert Dighero

Robert DigheroPartner

Andrew DiamondPartner

Will MartinPartner

Sarah TurnerPartner

Greg BennettPartner

Eileen BurbidgePartner

N°04 / See also

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