Passion Capital II LP Limited Partners

Passion Capital II LP

THE BRITISH BUSINESS BANK INVESTED IN PASSION CAPITAL’S £45 MILLION SECOND FUND VIA PASSION CAPITAL II LP

Transaction marked the British Business Bank’s 18th Enterprise Capital Fund investment

The British Business Bank announced that it has invested £17.5 million in Passion Capital II LP, the £45 million second fund from one of the UK’s best known venture investment firms. The commitment marks the 18th investment by the British Business Bank’s Enterprise Capital Funds (‘ECF‘) programme.

Passion Capital is a hands-on investor providing financial support and mentoring at a very early stage, helping to build companies and prepare them for accelerated growth.

The new fund builds on the success of Passion Capital’s first fund, which was also supported by British Business Bank’s ECF programme, and backed the early development of high growth companies such as AdzunaCarThrottleDigital ShadowsDueDil and GoCardless. The second fund will continue to have the same focus on early stage technology businesses seeking up to £2 million of investment.

Robert Dighero, Partner, Passion Capital, commented: “Our first fund cohort has made excellent progress and we are now looking to add further exceptional early stage businesses to the Passion portfolio. We are delighted with our on-going partnership with British Business Bank and will continue to invest in the very best, leading edge, UK technology start-ups.”

Ken Cooper, British Business Bank’s Managing Director of Venture Capital Solutions, added: “The Passion Capital team have a track record of early stage investment in UK technology companies. They have a valuable mix of financial and operational skills and a genuine enthusiasm for building strong companies, and we are very pleased to be able to back their second fund. This is a great example of the way the British Business Bank can work through its partner organisations to fill gaps in the funding market to provide real help to the UK’s smaller businesses.”

Passion Capital (http://passioncapital.com, @passioncapital) is one of the premier early stage venture capital funds in Europe. Established in 2011 and based in London, the managing partners Eileen Burbidge, Robert Dighero and Stefan Glaenzer have more than 50 years’ collective experience in entrepreneurial, founding and executive operational roles at tech firms. The three of them were personally involved in four of the largest European exits of the year over the last fifteen years and pride themselves on the strength of their portfolio company founders

 

Limited Partners Units Held Capital Commitment Sum of Drawdown 31 March 2019
British Business Finance 200 9,999,800 8,700,000
Achim Becker 60 2,999,940 2,610,000
Harald Becker 60 2,999,940 2,610,000
Passion Capital II (FP) LLP Limited Partner 42.5 2,124,958 1,848,750
Susanna Vermogensverwaltungs mbH 40 1,999,960 1,740,000
Stefan Glaenzer 32 1,599,968 1,392,000
HUSKELAPP Vermogensverwaltungsgesellschaft mbH 30 1,499,970 1,305,000
Siebte PMB Management GmbH 30 1,499,970 1,305,000
Milimax ITE ltd 20 999,980 870,000
Mojo Partners PTE Ltd 20 999,980 870,000
SPC Ventures GmBH 20 999,980 870,000
Stefan Wiskemann 13 649,987 565,500
Actus Fastigheter 10 499,990 435,000
Christina Stangl 10 499,990 435,000
Daniel Crasemann 10 499,990 435,000
E-Len Fu 10 499,990 435,000
Farledico Investment Limited 10 499,990 435,000
Freiherr von Salmuth Beteiligungen AG 10 499,990 435,000
HAKKELOV Vermogensverwaltungsgesellschaft mbH 10 499,990 435,000
Hans Wilheim Jenckel 10 499,990 435,000
HUGGORM Vermogensverwaltungsgesellschaft mbH 10 499,990 435,000
QN Holdings Ltd 10 499,990 435,000
Kai Flint 8 399,992 348,000
RVP ONE PTE LTD 8 399,992 348,000
Sort Hest Limited 8 399,992 348,000
Shamita Etienne-Cummings 6 299,994 261,000
Familie & Vaekst ApS 5 249,995 217,500
Gamazon PTE Ltd 5 249,995 217,500
Sabine Cramer 5 249,995 217,500
Adam Knight 4 199,996 174,000
Andreas Wiele 4 199,996 174,000
Mark Xavier Zaleski 4 199,996 174,000
Ranch Hand Familiy Trust 4 199,996 174,000
Christoph Linkwitz 3 149,997 130,500
Denneboom Capital GmbH & Co KG 3 149,997 130,500
H2 Investments GmbH 3 149,997 130,500
RVP ONE GmbH 3 149,997 130,500
Jermyn Street Capital 2.5 124,998 108,750
Andrew Cummings 2 99,998 87,000
Helmut Sohler 2 99,998 87,000
Mark Stefano Dighero 2 99,998 87,000
Pa Einhundertneununddreisigste WT Holding GnbH 2 99,998 87,000
Patrick Fook Yau Lee 2 99,998 87,000
Richard Haring 2 99,998 87,000
Passion Capital II (FP) LLP 250 250 250
Adeeba Khan 0 0 0
Anna Vermogensverwaltungs mbH 0 0 0
Augsberg Investments Ltd 0 0 0
Christian Bartels von Varnbuler 0 0 0
Conren Estates FCP 0 0 0
Lopo Champalimaud 0 0 0
Robert Dighero 0 0 0
VAVE EuVECA Invest GmbH 0 0 0
Vistra Corporate Services Ltd 0 0 0
Grand Total 1005 37,749,495 32,842,750

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