Czech VC firm Purple Ventures invests in three startups from its new €40M Fund II

In March 2024, Purple Ventures announced the launch of its €40 million fund aimed at investing in early-stage startups over the next four years. Now, the fund has announced the first three investments, worth a total of €1.9 million, in smart energy, cloud HR systems, and hybrid event management startups.

Investments details

  1. The first investment of the fund was in May, backing the Czech energy company Delta Green that develops technologies and software solutions to make flexible electricity consumption accessible to households, promote renewable sources, and reduce emissions from power plant operations. The company planned to use the total investment of €2.2 million for further growth, expansion into Western Europe, and completion of software that will open the way for households to earn through grid balancing.
  1. The second investment from Purple Ventures went to iVent Pro. The British startup offers a cloud system for managing virtual and hybrid conferences for universities, companies, and the public sector.

iVent Pro has effectively captured customer requirements in the post-COVID era and has an excellent product for online and hybrid event organizers. It offers the ability to create unlimited events, thereby reducing overall event costs. We invested in a team with vast experience in this field and look forward to seeing where they can take the product,

Jan Davídek, general partner at Purple Ventures, commented.
  1. And the third investment from Purple Ventures was directed into a yet undisclosed company developing a SaaS system for modern HR management. The total value of the investment in iVent Pro and the new HR solution amounts to €1.25 million.

About Purple Ventures

Purple Group, now operating under the name Purple Holding, began forming in 2007 under the wings of co-founders David Kašper, Jakub Nytra, and Filip Řehoř. 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.

In March 2024, Purple Ventures launched its second fund, total amounting of €40 million. It focuses on startups from the CEE region with teams in the EU, with the ticket size ranging from €250,000 to €750,000.