The Venture Codex Logo

The Venture Codex

Purpose Ventures

Level 1, Office 2, 131-135 Rokeby Road, Subiaco, WA, 6008, Australia

Overview

Industry-agnostic fund investing in early-stage entrepreneurs.

Founded

2023

Deals · 12mo

4

Links

WebsiteLinkedIn

Stage focus

Seed

Geographic focus

Australia
Germany

Sector focus

—

Investment portfolio

9rounds
NAMEDATESIZE
evatto
Sep 2026Led
$1 MSeed
Enrola
Aug 2026Led
$2 MSeed
On the House
Jan 2026Led
$2 MSeed
Paperly
Nov 2025Participated
$3 MOther Equity
Andromeda Robotics
Sep 2025Participated
$23 MSeries A
Coursebox
Aug 2025Led
$0.75 MSeed
Andromeda Robotics
Jun 2024Led
$3 MSeed
Wildplastic
May 2024Participated
$0.90 MOther Equity
PlanCare
Apr 2024Led
$3 MSeed
evatto
Sep 2026Led
$1 MSeed
Enrola
Aug 2026Led
$2 MSeed
On the House
Jan 2026Led
$2 MSeed
Paperly
Nov 2025Participated
$3 MOther Equity
Andromeda Robotics
Sep 2025Participated
$23 MSeries A
Coursebox
Aug 2025Led
$0.75 MSeed
Andromeda Robotics
Jun 2024Led
$3 MSeed
Wildplastic
May 2024Participated
$0.90 MOther Equity
PlanCare
Apr 2024Led
$3 MSeed
9
Items
Browse all public portfolio deals

Insights

Time horizon

View by

Deal Distribution

Purpose Ventures: 9 funding rounds are recorded in the selected participation categories.All available history.
Purpose Ventures: 9 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed60
Series A01
Other Equity02

Monthly Deal Activity

Purpose Ventures: 9 deals are recorded across 31 months.All available history.
Purpose Ventures: 9 deals are recorded across 31 months. All available history
MonthDeals
Apr '241
May '241
Jun '241
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '251
Sep '251
Oct '250
Nov '251
Dec '250
Jan '261
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '261
Sep '261
Oct '260

Sector Breakdown

Purpose Ventures: AI & Machine Learning is the largest displayed sector by deal count (5 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Purpose Ventures: AI & Machine Learning is the largest displayed sector by deal count (5 deals). All available history
SectorDeals
AI & Machine Learning5
Professional Services3
Marketing & Advertising2
Education & Workforce2
Hardware & Robotics2
Manufacturing2
Consumer & Lifestyle1
Networks, Cloud & Communication1
Enterprise Software1
Health & Life Sciences1
Clean Energy & Sustainability1
Data, Analytics & IT1

Deal Size Distribution

Purpose Ventures: 9 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Purpose Ventures: 9 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M8
$5M-$10M0
$10M-$25M1
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

Purpose Ventures: Australia has the largest recorded deal count among the displayed regions (7 deals).All available history.

Top 3 of 3 regions; European countries are grouped as Europe.

Purpose Ventures: Australia has the largest recorded deal count among the displayed regions (7 deals). All available history
RegionDeals
Australia7
United States1
Europe1
Purpose Ventures: 12 co-investors are shown, with Skalata sharing 2 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Purpose Ventures: 12 co-investors are shown, with Skalata sharing 2 recorded deals. All available history
Co-investorShared deals
Skalata2
Startmate2
AfterWork Ventures1
Antler1
Artesian1
Forerunner Ventures1
Main Sequence Ventures1
Rethink Impact1
Trampoline Venture Partners1
Tribe Global Ventures1
Uniquest1
Victress Capital1

Investment Strategy

Purpose Ventures: Led accounts for 67% and participating for 33% of round participation.All available history.
Purpose Ventures: Led accounts for 67% and participating for 33% of round participation. All available history
CategoryDeals (count)Share (%)
Led667%
Participating333%
Purpose Ventures: Single-lead accounts for 100% and co-led for 0% of lead dynamics.All available history.
Purpose Ventures: Single-lead accounts for 100% and co-led for 0% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead6100%
Co-led00%

Team

Derek Gerrard

Founder

Kylie Gerrard

General Partner | Co-Founder