Purpose Ventures
Purpose Ventures is a venture capital fund located in Subiaco, Western Australia. Founded in 2018, the firm manages a $37 million fund backed by the Steinberg Family Office. It partners with early-stage, purpose-driven founders to tackle significant market challenges across various sectors, including digital health, edtech, proptech, robotics, and AI/ML. The team consists of experienced entrepreneurs who have a proven track record in establishing and scaling businesses. The firm provides growth capital and strategic support to Australian startups, investing from Pre-Seed to Series B rounds. P
Investing activity
Purpose Ventures appears in 2 AI deals tracked by the AI Lounge deals desk, and led 2 of them. The rounds are mostly Pre-seed and Seed, with a median round size of $2M. The most recent are Evatto (Pre-seed, $1.02M, Sep 2026) and Enrola (Seed, $2.1M, Aug 2026).
Purpose Ventures most often invests alongside Skalata, Antler Elevate (Antler) and AfterWork Ventures, and the companies it backs on AI Lounge are mostly in AI.
Deals
Frequently asked questions about Purpose Ventures
What AI companies has Purpose Ventures invested in?
Purpose Ventures's AI investments include Evatto and Enrola. The 2 rounds on AI Lounge are listed on this page with amounts, dates and co-investors.
Where is Purpose Ventures based?
Purpose Ventures is based in Perth, Western Australia, Australia.
What stage does Purpose Ventures invest at?
In the rounds tracked on AI Lounge, Purpose Ventures has invested at Pre-seed and Seed, with a median round of $2M. Purpose Ventures led 2 of those rounds.
Who does Purpose Ventures co-invest with?
Purpose Ventures's most frequent co-investors on AI Lounge are Skalata (1 deal), Antler Elevate (Antler) (1 deal) and AfterWork Ventures (1 deal).
How can founders reach Purpose Ventures?
Founders on AI Lounge can see Purpose Ventures's contact details in AI Investor Contacts (paid plans), check for a warm introduction through members who worked with the firm under Warm Paths, and add Purpose Ventures to their Investor Pipeline to track the conversation.