Founded in 2009, Passion is a prominent seed venture capital fund in the UK and European ecosystem, having backed over 100 companies and managed multiple exits and unicorns. The firm invests from its fourth fund, Passion IV, focusing on European founders in fintech, AI, and risk.
The digital bank raised the capital from backers including Latitude and Stripe, pushing its valuation past £2bn.
"We’ve seen [this approach] in other products such as social networks or consumer apps, but it’s unheard of in banking."
The company secured a $100m valuation in a round backed by investors including Tencent, Pearson, and Mandatum Life.
"This investment is a huge sign of confidence in our efforts to be at the forefront of how enterprises use machines"
The wellness app has raised £8.5m in a Series B round led by Accelerated Digital Ventures to expand its service platform.
"Our new Vilnius office will be instrumental in helping to evolve our service,"
The round was led by Five Seasons Ventures and White Star Capital, with capital directed towards new markets and product development.
"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"
The Series A round was led by Point72 Ventures to support conversational AI deployment in contact centres.
"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,"
