Purpose Venture Capital

Purpose Venture Capital, founded in 2020 and based in Singapore, is a venture capital firm dedicated to supporting early-stage technology companies. The firm focuses on providing purpose-aligned capital, enabling founders to align their values and missions with their ownership and financing structures. Purpose Venture Capital aims to mobilize resources towards purpose-driven companies that deliver both strong financial returns and positive impacts for people and the planet. By seeking innovative solutions that advance the United Nations Sustainable Development Goals, the firm selectively invests in a small number of companies each year, allowing for a concentrated effort in nurturing those with the potential to succeed.

Von Leong

Co-Founder and Investor

Sharon Sim

Co-Founder and General Partner

Maryann Tseng

Venture Partner

4 past transactions

Bioworks

Venture Round in 2024
Bioworks Corporation, established in 2015 and headquartered in Tokyo, Japan, specializes in the modification and sale of polylactic acid and its derivatives. The company focuses on enhancing the properties of polylactic acid to create modified compounds that meet various industrial needs. As of December 2018, Bioworks operates as a subsidiary of TBM Co., Ltd. Through its innovative approaches in bioplastics, Bioworks aims to contribute to sustainable material solutions in the production industry.

archiREEF

Seed Round in 2023
archiREEF is a marine technology company focused on restoring degraded marine ecosystems and mobilizing blue carbon to achieve carbon neutrality. By leveraging expertise in marine biology alongside advanced 3D printing techniques and material science, the company designs and creates artificial reef structures made from ocean-friendly terracotta. These structures incorporate biomimicry to enhance coral survivorship and growth, providing effective eco-engineering solutions for the restoration of ocean ecosystems. Through its innovative approach, archiREEF aims to support the revival of threatened marine life and contribute positively to environmental sustainability.

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.

ZumVet

Seed Round in 2021
ZumVet is a veterinary consultation platform based in Singapore that offers affordable and convenient veterinary care. Incorporated in 2019, the company focuses on providing services such as teleconsultation, home visits, and e-prescriptions for pets. ZumVet aims to enhance pet care by enabling video consultations, which facilitate access to veterinary expertise while also offering medication delivery. Through its services, the company provides users with digital medical records, ensuring a streamlined and efficient approach to pet healthcare.
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