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Purpose Ventures is a venture capital fund located in Perth, Western Australia. Founded to support early-stage startups, the firm focuses on partnering with purpose-driven founders. The team comprises experienced entrepreneurs who have been investing in and supporting companies for over a decade. Their mission is to empower startups that aim to create innovative solutions addressing significant market challenges.
Currently, Purpose Ventures manages a portfolio of eight companies, reflecting their commitment to fostering impactful businesses. The firm operates across various industries, maintaining an industry-agnostic approach. This flexibility allows them to identify and invest in a diverse range of startups that align with their values.
Purpose Ventures has established itself as a key player in the Oceania investment landscape, focusing on companies that can scale globally. Their investment strategy emphasizes the importance of strong founder characteristics, including competency and chemistry, which they believe are essential for long-term success.
Purpose Ventures invests in early-stage companies, specifically from Pre-Seed to Series B rounds. Their investment strategy is industry agnostic, allowing them to explore opportunities across various sectors. The firm seeks to partner with ambitious founders who are dedicated to creating companies that can make a global impact. They prioritize startups that address large markets and offer innovative solutions to pressing problems.
In evaluating potential investments, Purpose Ventures looks for founders with strong character and competency. They believe that the chemistry between the investor and the founder is crucial for a successful partnership. The firm is particularly interested in companies that demonstrate the potential for significant growth and scalability.
Purpose Ventures' approach to investment is characterized by a commitment to supporting purpose-driven founders. They aim to collaborate with startups that share their vision of creating meaningful change in the world, enhancing their portfolio with innovative solutions that address significant market challenges.
Purpose Ventures has invested in a diverse range of companies, showcasing their commitment to supporting impactful startups. Notable portfolio companies include:
These companies reflect Purpose Ventures' dedication to investing in startups that not only aim for financial success but also strive to create a positive impact on society.
Nicole Gazey: Co-Founder of Purpose Ventures, Nicole has extensive experience in the startup ecosystem and has been instrumental in shaping the firm's investment strategy.
Rebecca Loftus: Co-Founder, Rebecca brings a wealth of knowledge in supporting early-stage companies and has a strong background in entrepreneurship.
Adam Niedzwiedz: Co-Founder of My Mirror, Adam has a deep understanding of mental health services and has led initiatives to improve access to care.
Josh Liwszyc: Co-Founder of My Mirror, Josh focuses on operational excellence and scaling health tech solutions.
Dr. Matthew Zoeller: Co-Founder of My Mirror, Matthew's expertise lies in mental health and telehealth services.
Colin Wong: Co-Founder of Gathered Here, Colin has experience in building platforms that enhance service accessibility.
Jeremy Hurst: Co-Founder of SpacetoCo, Jeremy specializes in community engagement and shared space management.
Daniel Franco: Co-Founder of SpacetoCo, Daniel focuses on operational strategies for effective space utilization.
Daniel McMullen: Co-Founder of SpacetoCo, Daniel brings expertise in technology integration for community platforms.
Grace Brown: Co-Founder of Andromeda Gene, Grace has a background in precision medicine and genetic testing.
Svetlana Baltic: Co-Founder of Andromeda Gene, Svetlana focuses on research and development in the healthcare sector.
Suzanna Lindsey-Temple: Co-Founder of Andromeda Gene, Suzanna has experience in healthcare innovation and patient care solutions.
What investment criteria does Purpose Ventures use?
Purpose Ventures focuses on early-stage companies from Pre-Seed to Series B rounds. They seek startups that address large markets and offer innovative solutions to current problems.
How can founders pitch to Purpose Ventures?
Founders can reach out to Purpose Ventures through their website for inquiries about investment opportunities. A clear presentation of the startup's vision and potential impact is essential.
What makes Purpose Ventures different from other investors?
The firm emphasizes partnerships with purpose-driven founders who are ambitious and focused on creating companies with a global impact. Their team has firsthand experience as founders, providing valuable insights and support.
What is the geographic focus of Purpose Ventures?
Purpose Ventures primarily invests in startups based in Oceania, particularly in Australia. They are open to exploring opportunities that align with their investment thesis.
What kind of post-investment involvement can founders expect?
Purpose Ventures aims to provide ongoing support to their portfolio companies, leveraging their experience and network to help founders navigate challenges and scale their businesses.
What is the typical check size for investments?
While specific check sizes are not disclosed, Purpose Ventures invests in early-stage rounds, which typically range from Pre-Seed to Series B funding stages.
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