We are supporting the next generation of founders to build robust, profitable steward-owned businesses through purpose-aligned capital. Unicorns looking to maximize profit and quickly exit are in the wrong spot. We look to support teams and founders working on a purpose through investment capital.
WHY WE EXIST
Conventional VC does not support innovate, long-term oriented entrepreneurs.
If you want to build and lead a profitable independent, mission-driven company, you need alternatives to regular VC. We started Purpose Ventures because we want to support purpose-driven entrepreneurs and to help companies become steward-owned. We provide startups with aligned growth capital that won’t drive profit at the expense of mission or force an exit or IPO.
WHAT WE DO
Our capital is a tool to helping entrepreneurs and teams grow their businesses on terms that are aligned with their goals and values. We provide growth capital to early stage and Series-A startups that are committed to steward-ownership.
WHO WE INVEST IN
We invest in people who feel passionately steward-ownership – about what it means for their company, team, purpose, and the world. In both our early-stage and Series-A investments, we look for strong teams and experienced entrepreneurs. We work closely with our portfolio companies, so we look for honest, authentic relationships.
"From now on, it’s in the best interest of our management to put our social mission first, even if that means slowing down our growth."
HOW WE INVEST
We invest on a variety of steward-ownership capable terms. We work closely with teams to develop terms that support the business and meet our needs as investors. We do not take voting stock in companies. All of our investments have a “structured exit.” Most have a predetermined fixed return rate or multiple. We do not have a set return expectation or hurdle rate on our investments. Common financing instruments we use include: revenue/royalty share, redeemable preferred non-voting equity or subordinated debt.
OUR TIME HORIZON
Ventures is an evergreen investment vehicle, which means we do not have a fixed fund term. This structure gives us the flexibility to support sustainable growth in our investments. .