Purpose Built Ventures
Overview
Purpose Built Ventures is a venture studio that partners with future founders, generates ideas together, builds teams, and invests capital to launch new companies . The firm focuses on companies that enhance human wellbeing, expand economic opportunities, and improve the public sphere . They primarily invest in pre-seed and seed rounds, supporting startups in their nascent stages to drive impactful innovation and societal benefits . Purpose Built Ventures focuses on fintech, upskilling, and the future of work, and aims to be the best early-stage partner for solo founders .
Investments
| Company | Date | Stage | Lead |
|---|---|---|---|
| WellBeam | Oct 2021 | Seed | Co-investor |
| Fig Loans | Aug 2020 | Early Funding | Co-investor |
| Coral Care | Sep 2024 | Seed | Co-investor |
| Wavely Diagnostics, Inc. | Feb 2022 | Seed | Co-investor |
Key People
Lauryn N. Nwankpa
Venture Partner
Sector & Stage Mix
Industry, funding stage, and valuation band breakdowns.
FAQ
Where is Purpose Built Ventures based?
Purpose Built Ventures is headquartered in San Francisco, California, United States.
When was Purpose Built Ventures founded?
Purpose Built Ventures was founded in 2018.
How many portfolio companies does Purpose Built Ventures have?
Purpose Built Ventures has 4 portfolio companies in Caplight's dataset.
What are some companies in Purpose Built Ventures's portfolio?
Portfolio companies visible on Caplight include WellBeam, Fig Loans, Coral Care, Wavely Diagnostics, Inc..
What was Purpose Built Ventures's most recent investment shown here?
Purpose Built Ventures's most recent investment in this portfolio sample was in Coral Care in 2024.
What sectors does Purpose Built Ventures focus on?
Purpose Built Ventures focuses on Healthcare & Life Sciences, Healthcare & Life Sciences, FinTech, Healthcare & Life Sciences, Enterprise Software, Consumer & Commerce.
What company stages does Purpose Built Ventures focus on?
Purpose Built Ventures typically invests at the Early stage.
What is Purpose Built Ventures's AUM?
Purpose Built Ventures's assets under management are estimated between $0.0 and $50.0M.