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15 April 2024·2 min read

Dara Kachinska

News Editor, Vestbee

Czech VC firm Purple Ventures launches new €40M Fund II

Brno-based VC fund Purple Ventures, which invests in pre-seed and seed-stage startups, has announced its second fund with a total amount of €40 million. It plans to continue its investment strategy, focusing on startups in the CEE region that have teams across the European Union.

  • The first fund of Purple Ventures was launched in 2018 by Jan Staněk with the amount of €15 million. In six years, it has supported over 20 pre-seed and seed startups from CEE, including Hedepy, Tatum, Choice, and Kardi AI.

“In the past six years, we have been able to identify a number of interesting companies. But we can clearly see that the potential of the market is many times greater and that with the help of external finance we can achieve many more interesting opportunities,” shared co-founder and managing partner of Purple Ventures, Jan Staněk.

  • Purple Ventures's second fund will be opened to outside investors, unlike the first one. Purple Ventures plans to invest in developing markets such as SaaS, e-commerce, edutech, Digital Health, energytech, and creator economy. The ticket size will be between €250,000 and €750,000.
  • The first €14 million will be invested by Purple Ventures this year, with the remaining funds to be acquired over the next two years. The fund will keep supporting startups founders with mentorship and advisory services in addition to providing finance. Moreover, Purple Ventures has already scheduled the first exits after 2028. 

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