Yesterday Passion Capital, a new early stage fund for European startups, was announced, already counting on the backing of some important players in the investment scene.
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).
Commenting on 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, which you can find on their website.
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