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Purpose Venture Capital is an early-stage venture capital firm based in Singapore. Founded by a team of partners with extensive backgrounds in investment, business development, and technology operations, the firm focuses on supporting post-revenue companies at the Seed to Series A stages. Purpose Venture Capital aims to disrupt conventional business models through purpose-aligned capital, emphasizing a hands-on approach to market expansion and due diligence.
The firm has established itself as a key player in the venture capital space since its inception, with a notable focus on sectors such as digital health, proptech, fintech, agritech, and cybersecurity. Purpose Venture Capital operates globally, with a particular emphasis on Southeast Asia, and has a growing portfolio of innovative companies. The firm has also secured a double-digit USD million anchor commitment from a family office, indicating strong backing and confidence in its investment strategy.
Purpose Venture Capital invests in innovative technology across a variety of sectors, including digital health, proptech, fintech, agritech, biotech, and cybersecurity. The firm targets post-revenue companies that create a positive impact, aligning profitability with purpose. Their investment strategy emphasizes the intersection of these two elements, focusing on companies that aim to disrupt traditional business models.
Investment stages range from Seed to Series A, with check sizes reaching up to $1 million per company. Purpose Venture Capital primarily concentrates on Southeast Asia but maintains a global investment perspective. The firm seeks to partner with founders who are committed to making a positive impact through their ventures, and it provides hands-on support to facilitate market expansion and strategic guidance.
Purpose Venture Capital's portfolio includes notable companies that exemplify its investment thesis:
In addition to these companies, Purpose Venture Capital also invests in nature-based solutions and sustainable materials technology, focusing on projects that restore marine biodiversity and develop sustainable substitutes for plastics and synthetic fibers. The firm has made investments in proptech across the UAE, Turkey, and India, as well as biotech and cybersecurity ventures in South Korea, and e-commerce and fintech initiatives in Africa, the USA, and China.
Sharon Sim - Co-Founder, General Partner. Sharon has a background in investment and business development, and she is a co-founder of Women in Family Offices, leveraging her extensive family office network.
Sertac Yeltekin - Co-Founder, General Partner. Sertac has experience as an Executive in Residence at IMD Business School and brings a strong academic and investment background to the firm.
Von Leong - Co-Founder, General Partner. Von has a technology operations background and was recognized with the Women in IT Asia Award in 2021.
Hikmet Coskun, Ph.D., CFA - Financial Modelling and Analysis. Hikmet specializes in financial modeling and analysis, contributing to the firm's investment decisions.
Maryann Tseng - Venture Partner. Maryann brings her expertise in venture capital to support the firm's investment strategy.
Yasu Yamazaki - Venture Partner. Yasu has a background in venture capital and technology, enhancing the firm's capabilities.
Advisory Board includes:
To pitch to Purpose Venture Capital, founders should visit the firm's official pitch page at Purpose Venture Capital's pitch page. It is important to include a comprehensive deck that outlines the business model, market opportunity, and impact potential. The firm prefers pitches that clearly articulate how the startup aligns with their investment thesis of profitability and purpose.
Response times may vary, but founders can expect to hear back within a few weeks. Warm introductions are encouraged, particularly through their network of family offices and industry connections, to enhance the chances of securing a meeting.
In recent months, Purpose Venture Capital has actively updated its portfolio, highlighting investments in sectors such as digital health and proptech. The firm has emphasized its commitment to purpose-aligned capital and the positive impact of its investments. Notable portfolio companies include Zumvet, Igloocompany, and HydraX, which exemplify the firm's focus on innovative technology.
Purpose Venture Capital has also secured a multi-million backing to support investments into sustainable tech startups, further solidifying its position in the venture capital landscape. The firm continues to engage with emerging markets, particularly in Southeast Asia, to identify promising investment opportunities.
What are Purpose Venture Capital's investment criteria?
Purpose Venture Capital focuses on post-revenue companies at the Seed to Series A stages, particularly those that align profitability with purpose. They invest in sectors such as digital health, proptech, fintech, agritech, biotech, and cybersecurity.
How can I apply or pitch to Purpose Venture Capital?
Founders can submit their pitches through the firm's official website at Purpose Venture Capital's pitch page. It is recommended to include a clear business model and impact statement in the pitch.
What makes Purpose Venture Capital different from other VC firms?
The firm emphasizes a hands-on approach, providing support for market expansion and due diligence. Their focus on purpose-aligned capital differentiates them from traditional venture capital firms.
What is the geographic scope of Purpose Venture Capital's investments?
While the firm has a strong emphasis on Southeast Asia, it also invests globally in various regions, including the USA, Africa, and Europe.
What is the typical check size for investments?
Purpose Venture Capital typically invests up to $1 million per company, focusing on early-stage ventures that demonstrate potential for growth and positive impact.
What kind of post-investment involvement can founders expect?
Purpose Venture Capital provides hands-on support, leveraging its network of family offices and industry connections to assist portfolio companies with market expansion and strategic guidance.
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