Purpose Venture Capital
435 Orchard Road, #11-01, Wisma Atria, Singapore, 238877
Overview
Purpose Venture Capital supporting founders to build sustainable and profitable tech businesses through purpose-aligned capital. Our goal is to enable founders to align their values and mission with their ownership and financing structures and mobilize more capital towards purpose-driven companies delivering strong financial returns and positive impact for people and the planet. We are looking for innovative solutions that will advance the UN Sustainable Development Goals (SDGs). While we only invest in a handful of companies a year, it means we can focus on supporting those who we believe really have the team and drive to succeed.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 3
Investment portfolio
- Bioworks
Participated · Equity · Jan 2024
Bioworks develops PlaX™, a modified polylactic acid (PLA) bioplastic enhanced with the company's proprietary plant-derived additives to improve quality and functionality. PlaX™ aims to substitute petroleum-derived polyester and enable new applications while contributing to carbon neutrality. Key material features reported include a 41% reduction in CO2 emissions during yarn production versus polyester, biodegradability to water and CO2 via microbes, favorable compatibility with chemical recycling, and greatly reduced CO2 and no dioxin generation on incineration. The company plans to use newly raised funds to accelerate R&D, strengthen talent, expand its product portfolio, and enter new markets. Bioworks intends to scale domestic and international distribution, including expanding PlaX™ sales channels through a partnership with long-established textile trader Yagi. The company positions itself as a material-creation firm pursuing a sustainable, circular society backed by its PlaX™ technology. Financially, including the latest round, Bioworks has raised a cumulative ¥2.5 billion.