PurposeBuilt Ventures
One Front Street, Suite 3000, San Francisco, CA, 94111, United States
Overview
They invest at the earliest stages in companies working to increase human wellbeing, expand economic opportunity and improve the public sphere.
- Total investments
- 4
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 2
Sector focus
- Finance
- Impact Investing
- Venture Capital
Investment portfolio
- Twill
Participated · Seed · Dec 2024
Twill operates an invite-only, human-powered talent platform that connects companies with pre-vetted tech professionals recommended by experienced industry peers. The service uses a two-layer screening process: candidates must be recommended by verified community members and then pass additional Twill screening. Its community exceeds 10,000 professional members who average 12+ years of experience, and members can earn up to 50% of contingent search fees (ranging $5,000–$25,000 per placement). Twill says it typically places candidates in 30 days or less, accelerating time-to-hire by surfacing warm, vetted referrals. The company plans to expand its expert community, enhance platform capabilities, and grow its team to serve more hiring organizations. Twill is based in New York.
- Coral Care
Participated · Seed · Jan 2024
Founded in 2023 by Jen Wirt, Coral Care delivers pediatric speech, occupational, and physical therapy directly in children’s homes while equipping clinicians with software that handles credentialing, scheduling, billing, and documentation. The company operates in Massachusetts, New Hampshire, Texas, Illinois, and Pennsylvania, and has recently launched services in Dallas, Houston, Chicago, Philadelphia, and Pittsburgh. Coral Care’s network has grown to more than 400 licensed clinicians, and its platform reportedly cuts administrative workload by up to 15 hours per provider each week. More than 75% of families continue therapy for longer than four months, indicating strong engagement and retention. By embedding care in a child’s natural environment, the company aims to improve access, continuity, and contextual relevance of therapy. Coral Care plans to continue scaling its clinician base, enter additional markets, and further invest in its technology infrastructure using the newly raised capital. Its dual-sided model simultaneously increases provider supply and improves convenience for families seeking insurance-covered developmental care.
- Wavely Diagnostics
Participated · Seed · Feb 2022
Wavely Diagnostics builds a smartphone-based diagnostic app that turns a phone into an acoustic tool to detect fluid in a child’s ear, enabling data-driven virtual pediatric ear infection care. The process is non-invasive, requires no additional hardware or special training, and is designed to give parents and providers reliable answers from home. The platform completed a phase I pilot and is currently in a phase II pilot with a leading U.S. health system. Wavely plans a broad public app store launch in late 2023 and intends to expand its diagnostics to enable nearly 70% of acute pediatric visits to shift to virtual care. Financially, the company has secured investor and grant funding totaling $6.35M to date, including a $1.8M Phase II SBIR grant for remote diagnostics awarded by the National Institute on Minority Health and Health Disparities. The company is currently offering the app to healthcare systems for pilots while preparing for wide-scale commercialization. Wavely Diagnostics is building smartphone-based digital diagnostics that turn a phone plus a paper funnel into a non-invasive acoustic tool for pediatric assessment, starting with ear infections. Its first product helps parents determine signs of possible ear infection and connects families to virtual physicians who can prescribe treatment. The app is designed to be user-friendly and requires no special hardware beyond a simple paper funnel. Wavely intends to expand the telehealth-integrated platform to offer additional virtual pediatric care solutions beyond ear infections. The company is preparing a commercial launch in spring 2022 and aims first at parents and at-home consumers, then at healthcare partners. Financially, Wavely has raised seed capital and received non-dilutive grant funding to advance product development.
- UBDI
Participated · Seed · Sep 2019
UBDI operates a consumer app and an online research portal that lets individuals participate in financial, social, entertainment, fitness, and health research studies and be compensated for anonymized, aggregated insights. The company says members keep data on their devices in a secure, encrypted, decentralized data vault and are paid with cash and UBDI points for contributions. UBDI's PrivateMatch technology matches researchers with qualifying participants without revealing identities, and the company claims its approach can generate about $1,000 per person per year with minimal ongoing effort. UBDI is currently in beta and has a strategic partnership with digi.me to support privacy and personal data management. The company has offices in Washington, DC and Sarajevo, Bosnia-Herzegovina, and plans to use new funding to grow its team, sales, and marketing efforts. UBDI was selected to present at Finovate in New York and MyData in Helsinki, signaling early industry interest.