Founders of Brno startup Purple are looking to back CEE startups with new fund
- Purple Ventures is the the venture arm of Purple Holding, the company behind Brno-based pioneering startup Purple Technology, a suite of Fintech solutions including brokers for trading on financial markets and payment solutions.
- Launched in 2016, Purple Ventures, the venture arm of the group, has already backed 30+ companies in just six years through with its first fund (€15M).
- As of March 2024, David Kašper, Jakub Nytra and Filip Řehoř are looking to close a new fund worth €40M / 1B Czech Crowns, including an initial €14M committment from Purple Holding itself.
- The fund will focus on startups from CEE at pre-seed and seed stages.
- It plans to provide funding to 60 startups ranging from 6 to 19M Czech crowns (€200-800K).
- The fund aims to focus on "purpose-driven" founders and startups, reflecting their commitment to societal development.
- In parallel and reflecting on this purpose-driven motto, Purple Holding also funds its own Foundation.
- Purple Ventures sees immense potential in the CEE region despite economic challenges, citing comparable economic performance to Benelux and the Nordics, with the added advantage of a vast pool of technical talent.
Source: CzechCrunch
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