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 is a developer of mobile role-playing games, focused on making tabletop RPG experiences more accessible. The company's flagship game, Dungeon Realms, allows players to engage in traditional role-playing scenarios through their mobile devices. Players can customize their characters by choosing from various backgrounds, appearances, and personality traits, as well as selecting different races and classes. Fireball's platform also connects users with similar gaming preferences, such as combat or exploration, facilitating the formation of communities and enabling players to enjoy adventures with friends anytime and anywhere.

encubate

Seed Round in 2021
Encubate is a digital platform designed to support aspiring entrepreneurs at the initial stages of their business journey. The company offers educational and training software through a mobile application that aids users in planning, preparing, and developing essential entrepreneurial skills. By providing resources to learn business concepts, connect with fellow entrepreneurs, and seek feedback from mentors, Encubate fosters an environment conducive to skill development and business foundation building. Its focus is on empowering individuals to maximize their entrepreneurial potential and effectively kick-start their ventures.

Accomango

Seed Round in 2021
Accomango is a developer of a software-as-a-service (SaaS) platform that facilitates connections between companies employing manual workers and accommodation providers. By digitizing the traditionally pen-and-paper processes in the accommodation sector, Accomango offers a marketplace tailored for industrial, construction, and automotive industries. The platform allows companies to efficiently search for and book accommodations for their employees while providing tools for centralized invoicing and reporting. Additionally, the company provides hostel management software to accommodation providers, streamlining their booking processes. Accomango's founding team brings diverse expertise from various sectors, including technology and finance, with a strong academic background in fields such as Mathematics, Computer Science, Mechanical Engineering, and Physics.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.