Passion Capital

"We kept seeing the same thing with high growth company founders—managing finances felt disjointed, with founders juggling too many platforms and tools just to keep track of their cash. Our mission is to make financial management easy, no matter how complex it seems. We’re focused on building a product that founders and CFOs love because it saves them time, protects their funds, and helps them grow their businesses. Our goal is to make financial management as seamless as possible so founders can focus on building their businesses."

"It is widely accepted that human error is the most prevalent vector for cyber-attacks and is poorly protected against by ineffective training programmes. Advanced analytics applied to real-time behavioural data presents an original approach for CISOs to control human cyber risk. CultureAI is pioneering this with its market-leading software, offering immediate visibility and mitigation of vulnerabilities. James has an incredible reputation as a thought leader in the space and we are excited to partner with him and his team alongside Mercia Ventures."

"I was extremely impressed with PolyAI’s intuitive and natural conversational abilities and the impact it will have on customer experience"

"Our mission is to drive the growth of small businesses. We help payment companies build stronger ties with their client base and establish win-win relationships."

"Although there is 8x more spent on assisted reproductive technology (ART, including IVF, IUI, ICSI, etc) in Europe over the US, there are three unicorn companies in the US and none in Europe. It’s clear that there is a massive opportunity for a team with commitment to better outcomes to make a significant impact. We believe we have found this in Fertifa and are excited to see what can be achieved."

"The way we pay for things and send/receive money in the future will involve crypto rails and bridging traditional and decentralised systems. But today it’s riddled with a mirage of complexities and challenges."

"For businesses on the high street, every penny counts. Businesses need fairer solutions that improve cash flow and keep prices down for their customers. Open banking payments with Atoa could make a significant impact to their bottom line."

"Despite organisations investing heavily into content-based security awareness training, most security incidents are still caused by human mistakes. IT and security teams use our platform to surface behavioural data, spot these mistakes and empower employees to resolve them. Our clients are empowered to prevent any recurrence of these mistakes much more effectively than they would with traditional security awareness training."

"We spoke to 100+ customer support leaders and most managers listen to at most 10 calls per week. This means companies are losing valuable information about how they can improve their service and product."

"We are grateful to have the support and partnership of such strong investors validating our plans to break the card payment duopoly in the UK and to improve cash flows and economics for the country’s small merchants. At a time of record inflation and in the midst of a cost-of-living crisis, the UK’s small and medium merchants are struggling to contain their costs, provide great service to the customers, and maintain profit margins. Atoa is here to empower merchants and to improve their cash flow and bottom line."

"Welcome to Insurtech Gateway ChAI. Industrial supply chains face increasing price volatility in commodities with the majority unable to access hedging tools. ChAI solves this problem through a smart price protection solution backed by insurance. We are delighted to help you prove out and scale this model. We were really impressed by ChAI’s deep data insights into market and pricing dynamics."

"Outside of basic invoice processing, the opportunity for ML-driven automation and process improvement within AP and the wider CFO office is huge."

"Our team is united in the belief that hiring is inefficient, outdated and unfair to candidates around the world. We have all been hiring managers and candidates, and we know the hiring process is broken. It’s difficult to track and measure, meaning there’s a lack of insight into what to improve and what to prioritise. Companies struggle to replicate their top performers and the cost of a failed hire is over $180,0001."

"Most people do not understand the value of waste,"

"Businesses are struggling to hit their hiring goals and getting the right candidate is more competitive now than possibly ever before. In our analysis often the hiring process for many organisations is inefficient and outdated. During a period of rapid nation-wide recruitment, companies simply cannot afford to waste time and money on hiring the wrong people. Through our intelligent product offering, we can help companies hire the right people quicker."

"We successfully gain access to organisations’ data and systems every time and it’s almost always as a result of human behaviour or error. As an example, multi-factor authentication (MFA) is often touted as a key cyber defence – yet we find that an average of 32% of employees accept MFA authentication requests sent by attackers, essentially opening the door for them. The traditional awareness training approach simply doesn’t improve behaviours like this – hacking people is still too easy."

"Modern businesses need flexible and collaborative tools that grow and adapt as their operations do, but too many teams are stuck using rigid, unyielding CRM tools that aren't built for the 21st Century. Attio is the antidote. It allows companies to remove manual data entry, drawing from existing data streams like email and calendars, to create a complete dataset before building total customizable workflows on top, empowering teams with the exact workflow they need. We're really excited about the potential for Attio to transform how companies approach CRM and are looking forward to working with our brilliant investors to achieve it."

"We’re now seeing a huge rise in demand for preventative mental health solutions, especially as work from home isolation becomes the norm, and we’re drawing a lot of parallels with what happened in the digital fitness market. We’re excited to have the minds behind some of the biggest consumer and media businesses in the world helping us build the next big consumer brand in the mental health space. Our mission remains unchanged: we want to make the world a happier place by making looking after your mental health as normal as going to the gym."

"Butternut is driven by our founding purpose – to deliver health and happiness to dogs and their humans all over the world. We are delighted about the recent investment as it will facilitate us caring for more dogs than ever before."

"At Quix, we believe that it will soon be essential for every organisation to automatically action data within milliseconds of it being created. Whether it’s personalising digital experiences, developing electric vehicles, automating industrial machinery, deploying smart wearables in healthcare, or detecting financial fraud faster, the ability to run machine learning models on live data streams and immediately respond to rapidly changing environments is critical to delivering better experiences and outcomes to people,"

"Business planning and forecasting should involve every team in a company, but the complexity of spreadsheets means that it’s often siloed within finance,"

"Dinner parties, birthdays, date nights and meals with friends are never just about food"

"We’re thrilled to be partnering with Sugar and working with the team. Flexible, quick and efficient financing for games studios and apps developers makes a lot of sense. There’s an opportunity here to make these ecosystems thrive and Sugar will provide the platform to help drive that innovation along with the ambition to become a world-leading financing provider"

"Today marks the beginning of National Fertility Awareness week – an opportune moment to reflect on the impact that fertility challenges are having on people worldwide"

"Having run a media company in a tough market with a young, millennial workforce, we witnessed first-hand how there was a complete lack of investment in helping this generation with their mental health in a way that they’re used to: a community product that is mobile-first and video-led. We want to make the world a happier place by making working on your mental health as normal as going to the gym."

"We were in the middle of raising our seed round when COVID hit and fund raising largely paused as investors re-assessed, recalibrated and got used to a Zoom-first world,"

"We have been very busy in the two years since our last funding round in 2018. Our approach to tackling fraud and risk for enterprise-scale businesses has resonated with the market and we’ve grown our client base rapidly"

"At ChAI we’ve been tremendously encouraged by the near-instant and overwhelmingly positive response we’ve received to our methodology and predictions on commodities pricing. The inbound interest we’ve received for our “signals” and approach has been hugely validating and we look forward to introducing our services to many more companies in 2020. For this we’re excited to partner with such esteemed investors and business builders to progress our journey and take the company to the next level"

"We’ve seen [this approach] in other products such as social networks or consumer apps, but it’s unheard of in banking."

"This investment is a huge sign of confidence in our efforts to be at the forefront of how enterprises use machines"

"Our new Vilnius office will be instrumental in helping to evolve our service,"

"Last year we were actively searching for a pet food investment opportunity around two key trends: the humanisation of pets and the increasing shift towards natural food, with the connected premiumisation of the overall experience. The team at Butternut Box was spot on in terms of their product positioning, their direct-to-consumer model and strong commercial traction. This is one of the strongest teams we have seen in foodtech in Europe over the last few years: we had to back them"

"Developing sophisticated AI technology while formulating a compelling SaaS proposition is a significant challenge, and it has delayed the real-world deployment of conversational AI for far too long,"