Purpose Ventures

Investing in ambitious founders and for-profit tech startups contributing to solving world challenges. We've built several successful companies and will help to build yours. We invest our own money, 100-1mil EUR per investment. We are part of tech private equity firm Pale Fire Capital.

David Siska

Partner

5 past transactions

Igloohome

Series B in 2022
Igloohome Inc. specializes in the manufacture of security locks designed for both residential and commercial use, facilitating property management through innovative technology. The company offers several products, including the igloohome Smart Keybox, which serves short-term rental hosts and property owners, and the Smart Padlock, a remotely-managed security solution that enables convenient access control. Additionally, the Igloohome mobile app allows users to manage various locks, perform Bluetooth unlocks, generate and manage PIN codes, and monitor lock battery status. The Smart Keybox can be accessed via PIN code and Bluetooth. Igloohome markets its products through resellers and online channels. Founded in 2015, the company is headquartered in Singapore.

Fryd

Angel Round in 2021
Fryd is a dedicated group of backyard gardeners that helps grow vegetables. Fryd offers seed vegetables, seed fruit, crop protection, fertilizer, and other products. Their mission is to reimagine gardening for a new generation as a social activity. Instead of everyone growing for himself, they make it a group effort.

Fireball

Seed Round in 2021
Fireball develops role-playing games on mobile devices, making them more convenient to use. The company's game Dungeon Realms allows players to play tabletop RPG on their mobile phones. The game offers a variety of backgrounds, appearances, and personality traits that players can select from, as well as playable races and classes.

encubate

Seed Round in 2021
encubate is an app that helps aspiring entrepreneurs build the foundations of their future business & master their entrepreneurial skills.

Accomango

Seed Round in 2021
Accomango is building a SaaS enabled B2B marketplace between companies with manual workers and accommodation providers - The last bastion of pen&paper accommodation business waiting for digital disruption. Accommodation booking and people management SaaS for industrial, construction and automotive companies. Hostel management SaaS for accommodation providers to achieve a seamless booking process. The founding team gained experience from companies such as Productboard, Twisto, Rohlik, BCG & Enern Investments. Most of the team have a degree in Mathematics, Computer Science, Mechanical Engineering or Physics
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