Yesterday a new early stage fund for European startups was announced – Passion Capital. This $60 million weighing fund was started by Stefan Glaenzer, Eileen Burbidge and Robert Dighero. The UK Government has also invested into Passion Capital via the Enterprise Capital Fund (ECF). Relating to the focus of Passion Capital, Stefan Glaenzer recently said: “We focus on European startups with global ambitions”. Last year Stefan Glaenzer was named the best angel investor in Europe by readers and editors of TechCrunch Europe. Passion Capital is planning to make about 50 investments, where the average investment size will probably be £150k-£200k at a time. The new London based fund already published its investment strategy and term sheet.