Purpose Venture Capital Secures Multi-Million Backing to Support Investments in Sustainable Tech Startups | Press releases | Asia

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Purpose Venture Capital announces the first commitment secured from a family office, paving the way for close follow-up commitments from other anchor limited partners who share the vision of investing in companies with scalable “profit with purpose” business models. “.

This first double-digit million-dollar capital allocation will focus on entrepreneurs who demonstrate a clear path to profitability through innovative and impactful sustainability-focused business models and technologies.

Purpose Venture Capital will provide up to $1 million in funding and leverage its global network and advisory network to help start-ups scale their proven offerings into new markets.

“Being based in Singapore, Purpose Venture Capital is uniquely positioned to provide a bespoke partnership to prominent families who want direct access to early-stage venture capital opportunities in some of the world’s most dynamic and growing markets. ” Sharon Sim, General Partner, Purpose Venture Capital and Co-Founder, Women in Family Offices.

“With so many exciting and transformative technology innovations to build a net zero and inclusive economy, Purpose Venture Capital will curate a strategically aligned technology portfolio in partnership with this family to secure and maintain their business legacy. We will support the family office in due diligence to avoid technology and marketing risks. Von Leong, co-founder of Purpose Venture Capital and winner of the 2021 Women in IT Asia Award.

“The current economic environment is the best landscape for significant families to place quality long-term bets. Purpose Venture Capital is focused on partnering with this family and entrepreneurs in building businesses that will last beyond the hypes to last for generations Our value to business is transformational rather than transactional Sertac Yeltekin, General Partner, Purpose Venture Capital and Executive-in-Residence, IMD Business School.

About Purpose Venture Capital

Purpose Venture Capital, co-founded by Sharon Sim, Sertac Yeltekin and Von Leong, is a Singapore-based global venture capital firm supporting sustainable technology start-ups. The company invests globally with a focus on startups based in Southeast Asia. Portfolio companies include Zumvet (the leading digital animal health services in Southeast Asia), Igloocompany (the market-leading secure access management platform for smart cities, infrastructure and properties) and HydraX (sustainable and regulatory compliant financial infrastructure for the capital markets of the future).

Purpose Venture Capital comprises a global team of advisors with a combined 250 years of proven experience in investments, technology business operations and business development. By partnering exclusively with leading family offices and motivated founders, she builds profitable and valuable businesses with a measurable positive impact on people and the planet.

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