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PurposeTech is a pre-seed venture capital fund founded in 2023 by Zdenek Fred Fous and Impact Hub, based in Prague, Czech Republic. The fund focuses on investing in early-stage startups that are making significant impacts in the sectors of Health, Climate, and the Future of Work. PurposeTech aims to support top-tier founders who are reshaping these critical areas through innovative solutions.
Since its inception, PurposeTech has actively built a portfolio of five companies, with a target of expanding to ten additional startups over the next 12-18 months. The fund operates with a check size range of $10,000 to $250,000, allowing it to engage with a diverse array of startups. PurposeTech is backed by experienced professionals and advisors from various fields, enhancing its operational capabilities and investment strategies.
Notable milestones include the successful closure of its first fund in 2024, which was oversubscribed. The fund's unique operational model combines institutional funding with accelerator-like support through the Impact Hub network, providing founders with access to a global community of over 100 hubs.
PurposeTech invests in early-stage startups across three primary sectors: Health, Climate, and Future of Work. In the Health sector, the fund targets HealthTech startups that enhance accessibility and efficiency in healthcare delivery. This includes companies that focus on digital therapeutics and patient education platforms.
In the Climate sector, PurposeTech seeks out ClimateTech ventures that promote sustainability and low-carbon solutions, addressing pressing environmental challenges. The Future of Work focus includes WorkTech companies that improve workplace flexibility and inclusivity, responding to evolving workforce expectations.
The fund's investment strategy emphasizes backing founders who are committed to driving positive change in these sectors. PurposeTech's check sizes range from $10,000 to $250,000, allowing for flexibility in supporting startups at various stages of their development. The geographic focus is primarily on Europe and Central & Eastern Europe, but the fund is open to global opportunities.
PurposeTech's portfolio includes five notable companies that exemplify its investment focus:
Additionally, the portfolio includes companies such as eNOugh, Mamio, Neya, KANO Care, and Fether Labs, among others. These companies represent a diverse range of innovative solutions across the targeted sectors, showcasing PurposeTech's commitment to supporting impactful startups.
Zdenek Fred Fous: Co-Founder & General Partner. Fous is a serial entrepreneur with extensive experience in startup development and investment.
Gabriela Gandel: Advisory Board member with expertise in impact investing and entrepreneurship.
Jakob Detering: Venture Partner with a background in venture capital and startup acceleration.
Beat Seeliger: Member of the Investment Committee, bringing experience in financial analysis and investment strategy.
Leon Reiner: Venture Partner with a focus on technology startups and market trends.
Alex Auer: Venture Partner with expertise in business development and scaling startups.
Jan Davidek: Member of the Investment Committee, specializing in due diligence and investment evaluation.
Reina Nakamura: Advisor specializing in retail and consumer trends.
Rado Cuha: Associate with a focus on deal sourcing and portfolio management.
Tomas Sebek: Advisor in the health sector, providing insights into healthcare innovations.
Petr Vitek: Advisory Board member with a background in entrepreneurship and investment.
Martin Duchacek: Advisory Board member with expertise in business strategy.
Martin Hudecek: Advisory Board member with a focus on technology and innovation.
Petr Sidlo: Advisor specializing in lean startup methodologies.
Jon Sotola: Advisor in education and workforce development.
Sona Klepek Jonasova: Advisor focusing on climate initiatives.
Tomas Ditrych: Advisor specializing in legal matters related to startups.
Michal Hudecek: Advisor in EdTech innovations.
Michal Vorac: Advisor with expertise in engineering and product development.
Michal Wasserbauer: Advisor specializing in finance and investment.
Vojtech Foukal: Advisor in marketing strategies.
David Kovalsky: Venture Partner with a focus on investment strategy.
Jonas Dinger: Venture Partner with experience in startup growth.
Hermes Arriaga: Venture Partner with expertise in technology investments.
Oana Craioveanu: Venture Partner with a focus on impact investing.
Jan Peloza: Venture Partner with experience in venture capital.
Startups interested in pitching to PurposeTech should submit their applications through the fund's website at purposetech.vc. The pitch deck should include key information such as the business model, market opportunity, team background, and financial projections. PurposeTech values concise and clear presentations that effectively communicate the startup's vision and potential.
Response times may vary, but founders can expect to hear back within a few weeks after submission. Warm introductions are preferred, as they can enhance the likelihood of a favorable review.
PurposeTech runs the Startup Funding Bootcamp, which has supported over 130 founders in its last cohort.
Since its launch in 2023, PurposeTech has made five initial investments, including notable companies such as Lifeyear, Tingit, and SafePAS. The fund aims to expand its portfolio by targeting ten additional startups over the next 12-18 months.
PurposeTech's first fund was oversubscribed and closed in 2024, indicating strong interest from investors in its mission to support impact-driven entrepreneurs. The fund has reviewed over 1,100 startups in Central & Eastern Europe, showcasing its commitment to identifying top-tier founders.
PurposeTech has been featured in various publications, including The Recursive, Silicon Canals, and AIN.ua, highlighting its role in addressing the funding gap in the CEE region.
What are PurposeTech's investment criteria?
PurposeTech focuses on early-stage startups in the Health, Climate, and Future of Work sectors. The fund looks for innovative solutions that enhance healthcare accessibility, promote sustainability, and improve workplace inclusivity.
How can startups apply or pitch to PurposeTech?
Startups interested in pitching to PurposeTech can visit their website at purposetech.vc. The application process typically involves submitting a pitch deck that outlines the business model, market opportunity, and team background.
What makes PurposeTech different from other venture capital firms?
PurposeTech combines capital investment with mentorship and support through the Impact Hub network, providing portfolio companies with access to a global community of over 100 hubs. This hybrid model enhances the growth potential of startups beyond just financial backing.
What is the geographic scope of PurposeTech's investments?
The fund primarily focuses on Europe and Central & Eastern Europe but is open to global opportunities, particularly those that align with its mission of driving positive change.
What is the typical check size for investments?
PurposeTech invests between $10,000 and $250,000 in early-stage startups, allowing for flexibility in supporting various business needs.
What kind of post-investment involvement can founders expect?
Founders can expect ongoing support from PurposeTech, including access to mentorship, strategic guidance, and resources from the Impact Hub network, which enhances their growth potential and operational capabilities.
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