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Purpose Ventures is a venture capital fund located in Perth, Western Australia. Founded to support early-stage startups, the firm emphasizes backing purpose-driven founders. The team comprises experienced entrepreneurs who have been investing in and supporting companies for over a decade. This extensive background allows them to understand the challenges faced by startups and provide tailored support.
Currently, Purpose Ventures manages a portfolio of eight companies, focusing on early-stage investments from Pre-Seed to Series B rounds. The firm operates with a mission to partner with ambitious founders who are committed to creating innovative solutions that can address significant market challenges. Their investment strategy is designed to foster growth in diverse industries, reflecting their belief in the potential of purpose-driven entrepreneurship.
Purpose Ventures invests in early-stage companies across various sectors, from Pre-Seed to Series B funding rounds. The firm is industry agnostic, meaning it does not limit its investments to specific sectors but rather seeks out companies that demonstrate potential for large market impact. They prioritize partnerships with founders who are ambitious and focused on developing innovative solutions to pressing problems.
The firm looks for startups that operate in large markets and offer unique solutions. They value founders who exhibit strong character, competency, and chemistry, believing that these traits are essential for building successful companies. Purpose Ventures aims to create a positive impact through its investments, aligning with their mission of supporting purpose-driven entrepreneurs.
Purpose Ventures has invested in a diverse range of companies, reflecting its commitment to supporting innovative solutions across various sectors. Notable portfolio companies include:
Nicole Gazey: Co-Founder of Purpose Ventures, Nicole has a background in entrepreneurship and venture capital, bringing valuable insights to the firm.
Rebecca Loftus: Co-Founder, Rebecca has extensive experience in supporting startups and understanding their unique challenges.
Adam Niedzwiedz: Co-Founder of My Mirror, Adam has a strong background in mental health services and technology.
Josh Liwszyc: Co-Founder of My Mirror, Josh contributes his expertise in building scalable tech solutions.
Dr. Matthew Zoeller: Co-Founder of My Mirror, Matthew brings a clinical perspective to the mental health platform.
Colin Wong: Co-Founder of Gathered Here, Colin has experience in the end-of-life services sector.
Jeremy Hurst: Co-Founder of SpacetoCo, Jeremy focuses on community engagement and shared space management.
Daniel Franco: Co-Founder of SpacetoCo, Daniel has a background in technology and community solutions.
Daniel McMullen: Co-Founder of SpacetoCo, Daniel contributes his expertise in operational management.
Grace Brown: Co-Founder of Andromeda Gene, Grace focuses on precision medicine and healthcare innovation.
Svetlana Baltic: Co-Founder of Andromeda Gene, Svetlana has a strong background in genetics and biotechnology.
Suzanna Lindsey-Temple: Co-Founder of Andromeda Gene, Suzanna brings expertise in healthcare and patient advocacy.
Submit your pitch through their website's contact form for consideration.
What are Purpose Ventures' investment criteria?
Purpose Ventures invests in early-stage companies from Pre-Seed to Series B rounds. They seek startups that demonstrate potential for large market impact and innovative solutions to current problems.
How can I apply or pitch to Purpose Ventures?
Founders interested in pitching to Purpose Ventures should reach out through their website. Specific application forms or portals are not mentioned, but a clear presentation of the business model and impact is essential.
What makes Purpose Ventures different from other venture capital firms?
Purpose Ventures focuses on purpose-driven founders and companies that aim to create a global impact. Their team has firsthand experience as founders, which informs their investment approach and support model.
What is the geographic scope of Purpose Ventures?
The firm primarily invests in startups located in Oceania, particularly in Australia, reflecting its commitment to supporting local entrepreneurs.
What is the typical check size for investments?
While specific check sizes are not disclosed, Purpose Ventures invests across various funding stages, indicating flexibility in their investment amounts based on the needs of the startup.
What kind of post-investment involvement can founders expect?
Purpose Ventures aims to provide ongoing support to its portfolio companies, leveraging their team's experience to assist in strategic decision-making and growth initiatives.
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