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. manufactures security locks designed for both residential and commercial applications, enabling effective management of homes and properties through innovative technology. The company offers a range of products, including the igloohome Smart Keybox, which caters to short-term rental hosts and property owners, and the Smart Padlock, a remotely-managed security solution that provides convenient access control. Additionally, Igloohome features a mobile app that allows users to pair and manage multiple locks across various properties, facilitating Bluetooth unlock, the generation of one-time and duration PIN codes, master PIN code changes, and lock battery status checks. The Smart Keybox operates using a PIN code and Bluetooth technology. Igloohome distributes its products via resellers and online platforms. Founded in 2015, the company is headquartered in Philadelphia, Pennsylvania.

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 specializes in developing role-playing games for mobile devices, making traditional tabletop RPG experiences more accessible. Their flagship game, Dungeon Realms, offers a wide range of customization options for characters, including backgrounds, appearances, personality traits, races, and classes.

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 operates a B2B marketplace connecting companies with manual workers to accommodation providers. Its SaaS platform streamlines booking processes, manages people, and centralizes invoices, benefiting both industrial companies and hostel owners.
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.