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Purple Tree Ventures is an early-stage venture fund established to support startups in Africa, with a primary focus on Nairobi, Kenya. Founded to promote blockchain adoption, the firm targets pre-seed and seed stage companies that leverage Web3 technology across various sectors.
The firm currently manages a portfolio of four companies and emphasizes investment in sectors such as proptech, fintech, and digital media. Purple Tree Ventures operates from its office located at 1603 Capitol Avenue, Cheyenne, and maintains a commitment to fostering innovation within the African startup ecosystem.
Purple Tree Ventures invests in early-stage startups primarily located in Africa, with a keen interest in those utilizing blockchain technology. The firm’s investment strategy is centered on sectors including proptech, fintech, and digital media, specifically targeting pre-seed and seed stage companies.
Investors at Purple Tree Ventures look for startups that demonstrate a clear potential for blockchain adoption and innovation. Their approach includes evaluating the scalability of business models and the impact of technology on traditional sectors.
Purple Tree Ventures has a notable portfolio that includes:
Eliud Mungai - Managing Partner. Eliud has extensive experience in venture capital and startup development, focusing on technology-driven businesses. His background includes working with various startups in Africa, where he has led investments and supported growth initiatives.
To pitch Purple Tree Ventures, founders should use the contact email hello@purpletree.ventures or submit their pitch through the website at purpletree.ventures. A detailed pitch deck is essential, including information on the team, market opportunity, and technology. Response times may vary, but founders are encouraged to follow up if they do not receive a timely reply.
What are the investment criteria for Purple Tree Ventures?
Purple Tree Ventures focuses on early-stage startups in Africa, particularly those in the Web3, proptech, and fintech sectors. They prefer companies that leverage blockchain technology and demonstrate a clear path to scalability.
How can I pitch to Purple Tree Ventures?
Founders can pitch their startups by visiting the firm’s website at purpletree.ventures or by sending an email to hello@purpletree.ventures. A well-prepared pitch deck should include details about the business model, market opportunity, and team.
What makes Purple Tree Ventures different from other investors?
Purple Tree Ventures specializes in blockchain technology and focuses exclusively on the African market, providing unique insights and support tailored to the region's startup ecosystem.
What is the typical check size for investments?
While specific check sizes are not disclosed, Purple Tree Ventures primarily invests at the pre-seed and seed stages, which typically involves smaller initial investments to support early growth.
What kind of support do portfolio companies receive?
Portfolio companies benefit from mentorship, access to a network of industry experts, and potential follow-on investment opportunities as they grow and scale their businesses.
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