PRESS RELEASE: PASSION CAPITAL OPENS FUND TO CROWD INVESTORS IN COLLABORATION WITH SEEDRS

PRESS RELEASE

—

PASSION CAPITAL OPENS THIRD FUND TO CROWD INVESTORS IN PIONEERING COLLABORATION WITH SEEDRS

• Traders registered with the Seedrs platform have the distinctive alternative to put money into one of many UK’s most prolific early-stage enterprise capital funds.
• The partnership between Ardour Capital and Seedrs is the primary time a Europe-based non-public VC fund is opening as much as crowd buyers.  

LONDON 10 MARCH 2021: Ardour Capital, one of many UK’s pre-eminent early-stage tech enterprise capital corporations, as we speak broadcasts that it’s opening up its newest £45 million fund, Ardour Capital Fund III, to buyers registered and certified by the Seedrs platform. Ardour Capital will make an allocation out there to the general public, making it the primary time retail buyers will be a part of a personal enterprise fund that invests in among the UK’s most enjoyable early stage tech startups.

Ardour Capital’s third fund contains new Basic Companion Malin Posern, who joins present companions Robert Dighero and Eileen Burbidge. Via this chance, an allocation can be made out there on the Seedrs platform in order that any buyers who self-certify as “excessive web price” or “refined” can again the Ardour Capital portfolio and have the chance to take a position not directly in future family names. Up to now, Ardour Capital has made 81 tech investments in corporations price greater than £three billion, together with Monzo, GoCardless, Butternut Field, Adzuna, and Marshmallow. 

That is the primary time a European crowdfunding platform has facilitated entry to a personal enterprise fund to most people. Ardour Capital has already made 11 new investments from Fund III, which Seedrs buyers will routinely be a part of, with an additional 15-20 new investments to be made. 

Eileen Burbidge, Ardour Capital associate and one of many UK’s most influential enterprise capitalists stated: “Funding into a personal enterprise fund is normally reserved for establishments. We’re throwing our doorways open to a a lot wider vary of buyers on this distinctive collaboration with Seedrs as we glance to diversify our investor base and improve entry for buyers who is perhaps fascinated about partnering with us. This fashion their single funding can be utilized throughout a variety of world-class entrepreneurial expertise, somewhat than via the direct single firm funding historically made via fairness crowdfunding campaigns.”

Jeff Kelisky, CEO at Seedrs, added: “It is a very revolutionary collaboration for each the enterprise capital and the fairness crowdfunding house. We’re thrilled to be supporting Ardour Capital on this exercise. It presents our group with one other avenue to take part in SME fairness finance that delivers extra funding alternatives and the potential for distinctive returns, past the direct funding campaigns we additionally run.”

Pre-registration for the Ardour Capital Seedrs marketing campaign, the place an preliminary allocation of £350,000 is out there, goes stay on the eighth March. A public opening to observe on 24th March. To register your curiosity please go to https://www.seedrs.com/passioncapital/coming-soon. 

About Ardour Capital: https://www.passioncapital.com/

Ardour Capital was established in 2011 to convey founder-friendly operationally-minded enterprise investing to the UK and Europe. Based by former entrepreneurs as a substitute of conventional asset fund managers, Ardour was one of many first operator-led enterprise funds in Europe in addition to one of many first to have a feminine founding GP. Moreover, it was the primary in London to not be primarily based in Mayfair, however nearer to entrepreneurs and innovation within the “silicon roundabout” space on Clerkenwell Street, the primary on this planet to publish and use an English language time period sheet and to not cost its portfolio corporations any of its personal authorized charges, the primary in Europe to publish fund infographics and to host joint workplace hours (for pitching periods) and the primary to handle a coworking workplace house the place many portfolio corporations had been additionally primarily based. 

Over the past ten years the workforce has invested in among the strongest European founders together with these from Mendeley, Pusher, GoCardless, Ravelin, Tide Banking, Monzo, Lendable, Adzuna, Digital Shadows, Smarkets, Tray.io, city, Spotahome, Butternut Field, Nested, PolyAI, Marshmallow, and lots of extra. 

Joel Ippoliti

Chief Product Officer