early stage venture capital firm . 1 2 contents 1 history 2 companies 3 transparency initiatives 4 media coverage 5 external links 6 references history edit 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 17.5 million is provided by the united kingdom government . 6 companies edit passion capital has invested in ravelin a machine learning fraud detection company for online businesses 7 lulu an app with information about men including ratings by other women for women interested in dating 8 smarkets a united kingdom based peer to peer betting exchange 9 10 swipe a cloud based tool for creating and consuming slide deck style presentations 11 wedo a london based online furniture store 12 coinfloor a london based bitcoin trading exchange car throttle a london based media platform for car enthusiasts 10 13 14 15 16 mondo 17 and many other companies . 1 transparency initiatives edit 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 . 18 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 . 19 media coverage edit passion capital has been covered extensively on techcrunch . 4 5 20 gigaom described it as one of london s premier seed investors in an article where they published advice from the people running passion capital . 21 an article by jessica furseth about fundraising in london included passion capital . 22 venturebeat included passion capital in an article on london s thriving startup ecosystem . 23 external links edit official website crunchbase profile passion capital on twitter references edit a b passion capital . retrieved january 22 2014 . passion capital . crunchbase . retrieved january 22 2014 . byrne ciara march 28 2011 . the u.k. gets a 60 million early stage fund . retrieved january 22 2014 . a b c butcher mike may 3 2012 . one year on passion capital proves its mettle as a go to seed vc in europe . techcrunch . retrieved january 22 2014 . a b c o hear steve june 27 2013 . passion capital cracks open data on investments deal flow founder salaries and more . techcrunch . retrieved january 22 2014 . lomas natasha may 28 2015 london s passion capital raises 69m for its second early stage fund ravelin raises 1.3 m . ravelin raise . butcher mike february 5 2013 . lulu raises another 2.5 m from yuri milner and angels for its girls only app to rate guys . techcrunch . retrieved january 22 2014 . o hear steve february 21 2013 . deutsche telekom s t venture takes a punt on p2p betting exchange smarkets leads 2.3 m funding round . techcrunch . retrieved january 22 2014 . a b wauters robin february 21 2013 . uk based betting exchange smarkets lands 2.3 m from deutsche telekom s t venture passion capital . the next web . retrieved january 22 2014 . o hear steve november 21 2013 . swipe launches to save you from death by powerpoint . techcrunch . retrieved january 22 2014 . o hear steve december 2 2013 . wedo raises 3 million led by mmc ventures . because furniture . . techcrunch . retrieved january 22 2014 . o hear steve january 19 2015 . car throttle raises 1.6 m to move beyond cars and become a vertical media platform . techcrunch . retrieved january 19 2015 . o hear steve october 29 2013 . coinfloor is a new uk based bitcoin exchange backed by passion capital and transferwise founder taavet hinrikus . techcrunch . retrieved january 22 2014 . solon olivia october 29 2013 . london based bitcoin exchange coinfloor opens for business . wired . retrieved january 22 2014 . meyer david october 29 2013 . bitcoin regulation new london based exchange coinfloor will worry about that later . gigaom . retrieved january 22 2014 . mondo gets passionate . techcrunch . october 29 2015 . retrieved feb 20 2015 . o hear steve june 20 2013 . a term sheet written in plain english put that in your silicon valley pipe and smoke it . techcrunch . retrieved january 22 2014 . o hear steve october 22 2012 . london vc love in index balderton eden passion capital & others holding joint office hours this week . techcrunch . retrieved january 22 2014 . passion capital . techcrunch . johnson bobbie may 3 2012 . five lessons from london s hardest working vcs . gigaom . retrieved january 22 2014 . furseth jessica january 4 2013 . london startups the fundraising experience . retrieved january 22 2014 . farr christina july 2 2013 . why london has all the ingredients for a successful startup ecosystem . venturebeat . retrieved january 22 2014 . v t e private equity and venture capital basic investment types buyout venture mezzanine growth secondaries equity co investment history history of private equity and venture capital early history of private equity private equity in the 1980s private equity in the 1990s private equity in the 2000s terms and concepts buyout financial sponsor management buyout divisional buyout buy sell agreement leveraged recapitalization dividend recapitalization venture angel investor business incubator post money valuation pre money valuation seed money startup company venture capital financing venture debt venture round structure private equity firms and funds limited partnership limited liability company carried interest management fee publicly traded private equity business development company venture capital trust private investment in public equity pipe pledge fund investors corporations institutional investors pension funds insurance companies fund of funds endowments foundations investment banks merchant banks commercial banks high net worth individuals family offices sovereign wealth funds crowdfunding related financial terms aum cap table capital call capital commitment capital structure distribution waterfall ebitda envy ratio high yield debt ipo irr leverage liquidation preference m & a pme taxation of private equity and hedge funds undercapitalization vintage year private equity and venture capital investors private equity firms venture capital firms angel investors portfolio companies retrieved from https en.wikipedia.org w index.php title passion capital & oldid 744149632 categories venture capital firms of the united kingdom navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 13 october 2016 at 12 09 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view