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

Brno-based Purple Ventures has launched its second fund, total amounting of €40 million. It will focus on startups from the CEE region with teams in the EU. The ticket size will be from €250,000 to 750,000, The Recursive reports.

• Purple Ventures’ Fund I was launched in 2018 by Jan Staněk. Currently, its total funding amount is €15 million. Purple Ventures is focused on backing startups in the pre-seed and seed stage. The fund has supported over twenty companies in six years. A few of them are CEE startups such as Hedepy, Tatum, Choice, and Kardi AI.

About Fund II

The second fund will be open to external investors. It will focus on startups from the CEE region with teams in the EU. The ticket size will be from €250,000 to 750,000.

The fund plans to invest in various emerging segments such as:

• Digital Health;
• SaaS;
• EnergyTech;
• Creator Economy;
• Security;
• EdTech;
• E-commerce;
• Deep Tech;
• IoT.

In the past six years, we have been able to identify a number of interesting companies. However, 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,

Jan Staněk, co-founder and Managing Partner of Purple Ventures, commented.

Purple Ventures plans to invest the first €14 million this year, while the rest is going to be collected within the next two years. In addition to the funding, Purple Ventures will continue offering guidance to the startup founders, acting as mentors and advisors. The first exits are planned after 2028.