Passion Capital, one of the UK’s first early-stage VCs, is to crowd-fund the final stage of its latest £45 million fund ($62.5m), Passion Capital Fund III. TechCrunch understands this is the first time retail investors have been invited to become LPs in a VC fund, at least in Europe. The move is a highly unusual one for a VC, where LPs are normally drawn from Pension funds and family offices, rather than the ‘person on the street’.
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