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Private Equity
passion-capital.com

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Investments

6

Portfolio Exits

3

Funds

4

About Passion Capital

Passion Capital is a China-based private equity firm that manages M&A funds.

Passion Capital Headquarter Location

Room 80q, 34 Yanan East Rd. Huangpu District

Shanghai, Shanghai,

China

+86 021 63332739

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Research containing Passion Capital

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CB Insights Intelligence Analysts have mentioned Passion Capital in 3 CB Insights research briefs, most recently on Sep 10, 2021.

Latest Passion Capital News

MindLabs eyes to launch world’s first live mental health platform in Q1 2022, raises £2.5M funding

Oct 7, 2021

MindLabs eyes to launch world’s first live mental health platform in Q1 2022, raises £2.5M funding The world’s first live mental health platform based in London, MindLabs , has raised $3.5 million (nearly £2.5 million) in a seed funding round. The investment came from PROfounders Capital, Slack Fund, the executive chairman and ex-CEO of Sky Jeremy Darroch, and existing investors Seedcamp and Passion Capital. Second investment round This seed investment is the second financing round raised by MindLabs and it comes ahead of World Mental Health Day 2021, which is celebrated on October 10 led by PROfounders Capital, the first investors in GetYourGuide and MADE.com. This round comes 11 months after the pre-seed funding round led by Passion Capital along with Seedcamp, and Cazoo founder Alex Chesterman. MindLabs intends to use the funds to double its investment in product and is actively hiring roles across Engineering, Product, Marketing and Content teams in London and Berlin. Sean Seton-Rogers, Partner at PROfounders Capital, said: “We back great teams solving massive consumer pain points. Mental health problems are unfortunately growing fast for this generation, but there’s also increased awareness of the problem. We believe that MindLabs can make a meaningful impact on helping train the mind.” Jason Spinell, Head of Slack Fund, said: “At the Slack Fund, we’re wholly committed to investing in founders who are driving the future of work and building solutions that make work life simpler, more pleasant, and more productive for people everywhere. MindLabs directly addresses this by providing a means for people increasingly affected by changes to working patterns and hybrid or remote working to look after their mental wellness with leading experts and quantitative analysis to track wellness over time.” Jeremy Darroch, Executive Chairman at Sky, said: “The team at MindLabs has impressed me with its ambition and commitment to building a leading brand which prioritises its users’ and broader community’s mental health. As the world constantly evolves and there is more and more pressure for all of us to contend with, the experience delivered by MindLabs will prove invaluable for helping society manage mental wellness.” Q1 2022 launch MindLabs was founded by media duo Adnan Ebrahim and Gabor Szedlak behind Car Throttle. They created the digital mental health company as there is an increased global consumer spend on the top 10 earning meditation apps. Last year, it surged to $195 million while it was $8 million in 2015. The category supports a whopping 792 million people worldwide as they suffer from mental health issues during the pandemic. It is estimated that the number of anxiety and depression cases has doubled in the past 12 months. Currently, the MindLabs app is in beta and it will be available for all in Q1 2022. The app has daily live video classes hosted by qualified professionals in mental wellness, psychology, and neuroscience and analytics, which allow users to track their progress. The app also has over 100 classes available to watch on-demand from professionals like Richie Bostock, the internationally recognised breathwork expert. The app aims to help those seeking a new, preventative type of mental health solution with the ability to rewire their minds through neuroplasticity, enabling the strengthening of the neural pathways associated with being in a calm mental state.

Passion Capital Investments

6 Investments

Passion Capital has made 6 investments. Their latest investment was in Laplace Energy as part of their Series B on September 9, 2021.

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Passion Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/13/2021

Series B

Laplace Energy

Yes

1

9/24/2020

Series B

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$99M

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10

7/2/2020

Series F

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$99M

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10

3/26/2020

Private Equity

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$99M

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10

1/1/2017

Private Equity

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$99M

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10

Date

9/13/2021

9/24/2020

7/2/2020

3/26/2020

1/1/2017

Round

Series B

Series B

Series F

Private Equity

Private Equity

Company

Laplace Energy

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Amount

$99M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

1

10

10

10

10

Passion Capital Portfolio Exits

3 Portfolio Exits

Passion Capital has 3 portfolio exits. Their latest portfolio exit was Lante Optics on September 21, 2020.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

9/21/2020

IPO

$991

2

00/00/0000

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$991

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10

00/00/0000

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10

Date

9/21/2020

00/00/0000

00/00/0000

Exit

IPO

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Companies

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Valuation

$991

$991

Acquirer

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Sources

2

10

10

Passion Capital Fund History

4 Fund Histories

Passion Capital has 4 funds, including Mingfa Feijun Acquisition Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

4/25/2015

Mingfa Feijun Acquisition Fund

Buyouts & Acquisitions

$3.23M

1

Shanghai Feijun Yisheng Investment Management Fund

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$99M

10

Guangzhou Huangpu Feijun Industrial Investment Fund

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$99M

10

Jiaxing Yongyan Equity Investment Fund

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$99M

10

Closing Date

4/25/2015

Fund

Mingfa Feijun Acquisition Fund

Shanghai Feijun Yisheng Investment Management Fund

Guangzhou Huangpu Feijun Industrial Investment Fund

Jiaxing Yongyan Equity Investment Fund

Fund Type

Buyouts & Acquisitions

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Status

Amount

$3.23M

$99M

$99M

$99M

Sources

1

10

10

10

Passion Capital Team

1 Team Member

Passion Capital has 1 team member, including current Founding Partner, Hongbin Huang.

Name

Work History

Title

Status

Hongbin Huang

Founding Partner

Current

Name

Hongbin Huang

Work History

Title

Founding Partner

Status

Current

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