Purpose Ventures

Purpose Ventures operates as a venture capital fund dedicated to supplying early-stage capital to technology startups. The firm primarily invests in enterprises that are purpose-driven, leveraging innovative solutions to address global challenges, with a notable focus on fostering the startup ecosystem within Western Australia. Its strategic approach involves providing financial backing alongside expertise to help these nascent companies scale their operations.

The firm was co-founded by Kylie and Derek Gerrard, stemming from their deep engagement and recognition of a significant funding disparity for entrepreneurs in their home region of Western Australia. Drawing on their substantial experience in establishing, growing, and exiting businesses, the Gerrards launched Purpose Ventures to strategically fill this investment void, thereby nurturing local innovation and entrepreneurial talent.

Purpose Ventures targets ambitious founders leading high-growth technology ventures, particularly those committed to building for-profit businesses with a positive societal impact. The fund's overarching vision is to catalyze the growth of Western Australia's technology sector, enabling these entrepreneurs to realize their transformative business ideas and contribute meaningfully to the broader economic landscape.