Passion Capital

Passion Capital, a UK-based venture capital firm, has closed its fourth seed fund, Passion IV, raising €46 million ($55 million) to support early-stage startups in AI, fintech, and enterprise risk. The fund is backed by private investors and aims to continue its history of backing over 100 companies, including five fintech unicorns. The firm reports a strong performance with a 23% net IRR and has returned approximately €72 million ($85 million) to its limited partners.