Purpose Venture Capital secures multi-million backing to support investments into sustainable tech startups

Purpose Venture Capital secures multi-million backing to support investments into sustainable tech startups
(Seated from left) Co-founders Von Leong, Sharon Sim, and Sertac Yeltkein (standing)

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

This first double-digit USD million 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 US$1 million in funding and leverage their global network and advisory network to help early-stage companies to scale their proven offers into new markets.

“Being based in Singapore, Purpose Venture Capital is ideally positioned to provide a bespoke partnership to significant families who wish to gain direct access to early-stage purpose-led 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 technological innovations to build a net zero and inclusive economy, Purpose Venture Capital will curate a strategically aligned tech 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 commercialisation risks.” Von Leong, co-founder, Purpose Venture Capital and Winner of Women in IT Asia Award 2021.

“The current economic environment is the best landscape for significant families to place long term quality bets. Purpose Venture Capital is focused on partnering with this family and entrepreneurs in building companies that will sustain beyond hypes to last multi generations. Our value to companies 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 that supports early-stage sustainable tech companies. The firm invests globally with a focus on Southeast Asian-based startups. Portfolio companies include Zumvet (Southeast Asia’s leading digital animal health services), Igloocompany (Market leading secure access management platform for smart cities, infrastructure and properties) and HydraX (Regulatory-compliant and sustainable financial infrastructure for capital markets of the future).

Purpose Venture Capital includes a global team of advisors with a combined total of 250 years of proven experience in investments, tech business operations and business development. Partnering exclusively with prominent family offices and driven founders, it builds profitable and purposeful companies with a measurable positive impact on people and planet.

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