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Passion Capital Fund IV

United Kingdom
Seed
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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.

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

AI
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

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

Key GPs & Partners

RD
Robert Dighero
Partner
metrics-drivenfast-moverthesis-driven
AD
Andrew Diamond
Partner
hands-on
WM
Will Martin
Partner
hands-on
ST
Sarah Turner
Partner
hands-on
GB
Greg Bennett
Partner
metrics-driven
EB
Eileen Burbidge
Partner
community-builderopinionatedvalues-driven

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Fund Overview

Fund Size£46M
Saves0
Website
LinkedIn

Key People

Eileen Burbidge, Robert Dighero

Robert DigheroPartner
Andrew DiamondPartner
Will MartinPartner
Sarah TurnerPartner
Greg BennettPartner
Eileen BurbidgePartner

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