PurposeTech

What is PurposeTech?

PurposeTech is a pre-seed investment fund with a strategic focus on empowering founders who are initiating meaningful change within key sectors such as health, sustainability, and education. Specifically targeting startups within Central and Eastern Europe, PurposeTech operates with the intention of being the earliest backers of these ventures, engaging with purpose-driven founders that display an exceptional level of commitment, talent, and ambition.

Their involvement transcends financial support, as they adopt a hands-on approach by dedicating significant time each week to help these entrepreneurs gain the traction they need for subsequent funding stages.They take pride in having a deep understanding of the industries they invest in, making them apt at identifying and investing early, leading or following in investment rounds as appropriate.

Their holistic support system includes a vast network of resources through a close partnership with the Impact Hub, giving startups access to a community of experts and decision-makers to further their growth.For initiatives that may be too nascent for immediate investment, PurposeTech offers a Pre-Investment Program aimed at preparing these startups for future funding, providing detailed feedback and expert support at no cost.

They focus on HealthTech, GreenTech, and EdTech startups, propelling innovations that make healthcare data-driven and accessible, support sustainable solutions for profitability and resilience, and democratize high-quality education resources.To ensure streamlined and founder-friendly processes, PurposeTech has a simple application form and a structured investment decision process, including an introductory call, a deep dive period, and a final decision made by the Investment Committee.

They screen startups rigorously, with over 1,400 startups screened and 7+ investments made within 24+ months of their operation.

Their minimum investment is $100,000, with $200,000 being the maximum, and they have a notably quick turnaround time for investment decisions.