>SELF_FUNDED.
Self Funded — An Index of Australian Venture & Techv0.1 · last sync 2026-05-14
$cat ./funds/purpose-ventures.md

Purpose Ventures

Perth · est. 2023 · A$55M AUM

Purpose Ventures is a Perth-based venture capital fund backing pre-seed to Series B Western Australian founders, with a mandate to address chronic capital under-provision for WA-founded startups.

Website
purpose.ventures
Stages
Pre Seed, Seed, Series A, Series B
Fund size
A$55M
Partners
Derek Gerrard, Kylie Gerrard
Founded
2023
HQ
Perth
$ls ./funds/purpose-ventures/portfolio

Notable investments

  • — My Mirror
  • — SpacetoCo
  • — Paperly
  • — PlanCare
$git log --reverse --pretty=short ./funds/purpose-ventures.md

Timeline

  1. 2023
    Purpose Ventures founded in Perth.
  2. Apr 2023
    Launches as a dedicated WA-mandate VC fund after raising A$37M in six weeks.
  3. Dec 2024
    Backed alongside six other VCs in WA Government's A$150M startup investment program.
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