Startup · $100k raised · Financial services
Subiaco, WA
Every published round Purpose Ventures took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
Companies Purpose Ventures has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| Andromeda | Personalised robot companions for aged care and assisted living | 14 Jun 2024, Seed | 2 | 1 |
| Coursebox | Aug 2025, Seed | 1 | 1 | |
| Enrola | 7 Aug 2026, Seed | 1 | 1 | |
| Evatto | 16 Sep 2026, Pre-seed | 1 | 1 | |
| Gene-S | 2 Nov 2023 | 1 | 1 | |
| IDEAcademy | 9 Oct 2023 | 1 | 1 | |
| My Mirror | 30 Nov 2024 | 1 | 1 | |
| On The House | Jan 2026, Seed | 1 | 1 | |
| Paperly | 29 Nov 2025 | 1 | 0 | |
| PlanCare | 16 Apr 2024, Seed | 1 | 0 | |
| SpaceToCo | Nov 2024 | 1 | 1 |
Companies Purpose Ventures's own portfolio page lists that no published round yet places it in. The page is the source; the round is being looked for.
| Company | Site |
|---|---|
| Caligra | caligra.com ↗ |
| Cyndr | cyndr.ai ↗ |
| Gathered Here | gatheredhere.com.au ↗ |
| Getenrola | getenrola.com ↗ |
| IDEA | - |
| On The House Grey | onthehousegroup.com ↗ |
| Zfrmz | zfrmz.com.au ↗ |
Fund closes reported for Purpose Ventures, as distinct from the investments it has made.
| Fund | Announced | Committed | Target | Close | Sources |
|---|---|---|---|---|---|
| Purpose Ventures Fund | 2 Nov 2023 | $45m | - | - | Startup News (WA) (Thu 2 Nov 2023), Startup Daily, Startup News (WA) (Thu 5 Oct 2023) |
| The Purpose Ventures Fund | Apr 2023 | $37m | $40m | Final | Startup Daily, Startup News (WA) |
| Purpose Ventures Fund | 2023 | $45m | - | Final | Startup Daily, Startup News (WA) |
Companies Purpose Ventures has backed that another company then bought. An exit for the holding, not a deal Purpose Ventures did.
| Company | Bought by | Kind | Announced | Price |
|---|---|---|---|---|
| No portfolio company of Purpose Ventures is recorded as having been acquired. | ||||
Companies Purpose Ventures acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
Every investor coverage indicates participated in a round Purpose Ventures raised.
| Investor | Rounds | Invested |
|---|---|---|
| New Industries Fund | Grant | - |
| State Government | Grant | - |
Stories naming Purpose Ventures. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Western Australia's government is funding three local early-stage venture funds — Purpose Ventures, Fund WA and Quokka Capital — through its WAVES co-investment scheme, offering each capped annual operational support to grow the state's venture sector.
Sydney event-tech startup Evatto has raised a pre-seed round led by Perth firm Purpose Ventures to build its platform and expand abroad, after going through Startmate's Summer 26 program under its earlier name Wiingman.
Also thesaasnews.com·app.fundz.net·trysignalbase.com·Dealroom
Eight Australian and New Zealand startups secured a combined $67.4 million in funding across various sectors including agtech, medtech, robotics, and fintech.
Also ontargetish.com
Weekly roundup: Firmus completes its $2.85b round; Procore acquires DroneDeploy; Atlassian rebounds while Canva cuts guidance; plus fresh raises for Zabidou, BioScout, Vexev, Enrola, Spacetalk and others.
Australian startup Enrola has banked seed funding to scale its AI sales agent after pivoting from an education marketplace, with a new growth head joining.
Also Startup Daily·This Week in Australian Startups·ontargetish.com·bushletter.com·SmartCompany·ontargetish.com
Roundup of six Australian funding deals: AutoGrab, Applied EV, Checkbox, Hometime, Factory and On the House, with amounts, investors, and Hometime's past acquisitions and raise history detailed.
Also Startup Daily
On the House, a Brisbane startup founded by a Startmate alumna, has secured $1.7 million in a Purpose Ventures-led seed round to expand its ad-funded dispensers offering free period products nationally.
Also SmartCompany·Startup Daily·SmartCompany·Startup Daily·Missing Perspectives·Women's Agenda
Funding roundup covering four raises: Pay.com.au's $25 million round plus a $28 million secondary, Ruminant Biotech's Series A, Australis Scientific's Rohto-backed funding, and Paperly's $3 million round led by Tribe Global Ventures.
Weekly roundup covering 19 Australian and New Zealand raises, headlined by Andromeda Robotics' $23m Series A, plus Freckle, Marloo, X-Hemp, Harvest B, Wable, Starboard and Techstars Sydney's 12-startup cohort.
Also SmartCompany
Weekly roundup detailing five Australian raises: Vaxxas' Series D plus debt facility amid executive changes, Skutopia's growth round, Send Payments' backing and CEO change, Apate.ai's seed, and Coursebox's seed.
Also Startup Daily·SmartCompany·Australian FinTech·Dealroom·Startup Daily
Perth AI course-creation platform Coursebox has raised a $750,000 seed round from Purpose Ventures, the ninth deal from the WA-backed fund; both founders previously went through the Plus Eight accelerator.
SmartCompany roundup covering six Australian funding deals totalling $18.4 million: Visibuild, My Mirror, Cambium Bio, Freckle, Old Young's Distillery and Taly, plus news that Freckle's founder earlier sold Everproof to GO1.
Western Australia's government added $15 million to its WAVC fund-of-funds, committing $45 million across seven venture firms to back local startups; Purpose Ventures' fund closed at $55 million after backing My Mirror and SpacetoCo.
Western Australia's government has grown its WAVC fund-of-funds commitment to $45 million, backing seven venture funds, four WA-based, to invest locally; Skalata's WA portfolio already includes C0-architecture and Omni Biotech.
Perth VC Purpose Ventures led My Mirror's $4 million round for its telehealth psychology marketplace, with Roger Allen among backers; funds target product development and New Zealand expansion. SpacetoCo raised $2 million.
Weekly funding roundup covering eight local companies that together banked $80m, topped by twin $17m Series Bs at Safewill and Fresho, plus Celosia's $16.75m Series A and five smaller rounds.
Also Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily·LaunchVic
Roundup of nine local startups that together banked a combined $38m-plus this week, spanning precision instruments, proptech, adtech, robotics, food, energy storage and AI, with several earlier raises recalled.
Also Australian FinTech·Startup Daily·SmartCompany·AgFunderNews
Andromeda Robotics secured $3 million in seed funding from Purpose Ventures, which led the deal, to grow its aged-care companion robot Abi; Galileo Ventures provided an earlier pre-seed in 2023.
Also Women's Agenda·SmartCompany·SmartCompany·SmartCompany·SmartCompany·SmartCompany·SmartCompany·SmartCompany·SmartCompany·Startup Daily·Forbes Australia·Women's Agenda·Startup Daily·SmartCompany·Forbes Australia
Perth backer Purpose Ventures has added follow-on money to WA care platform PlanCare, taking its seed funding to $2.5 million; the firm's $45 million fund has now backed four startups.
WA's Purpose Ventures has put more money into Plancare, a self-managed healthcare platform, lifting its cumulative backing to $2.5 million; the article also profiles the fund's founders, portfolio and history.
Also Startup Daily
Podcast chat with Paperly founder Dan Dawson, whose education technology company joined a Perth accelerator and won backing from venture fund Purpose Ventures.
WA VC fund Purpose Ventures has taken on genetic testing startup Gene S as its fourth investment; earlier 2023 backing of PlanCare, Paperly and IDEAcademy is recalled, and the fund's $45m size noted.
WA venture firm Purpose Ventures has grown its debut fund to $45 million with an $8 million top-up from local backers and made its third investment, leading edtech startup IDEAcademy's $1.3 million raise.
WA education startup IDEAcademy has raised A$1.3 million in a round led by Purpose Ventures, whose debut fund has reached $45 million after adding $8 million in fresh commitments.
WA venture fund Purpose Ventures stages a discounted founders' dinner on preparing for investment, backed by a state industry fund program and featuring WA founders; the event has since sold out.
Birchal's cofounder argues equity crowdfunding is closing the capital gap for founders outside the big cities, citing Western Australia's FY23 growth and two regional companies reaching the $5 million cap.
Techboard's monthly roundup counts 40 Australian startup raises worth $498m in April 2023, headlined by Saluda Medical and Eucalyptus, plus smaller rounds and fund closes by Purpose Ventures and Proto Axiom.
Kylie and Derek Gerrard's Purpose Ventures has closed $37m for its Western Australian startup fund, with WA investors, the Steinberg Family Office as cornerstone backer and state government operational support.
Also Startup Daily
Western Australia's government has selected three forming local early-stage venture funds, Purpose Ventures, Fund WA and Quokka Capital, for 100,000 dollars each in matched operational funding under its WAVES pilot.