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Key people at PurposeTech.
PurposeTech operates as a pre-seed venture fund, strategically investing in nascent companies focused on reshaping Health, Climate, and the Future of Work. The firm provides early-stage capital, hands-on support, and network leverage to accelerate portfolio growth. It aims to be the initial institutional investor, fostering connections for emerging tech ventures.
Founded in 2023, PurposeTech was established by serial entrepreneur Zdenek Fred Fous and Impact Hub, a global network supporting purpose-driven innovators. The fund's inception stemmed from the insight that systematic early support is essential for scaling companies dedicated to positive societal change, bridging ideas and market realization.
PurposeTech targets early-stage founders developing technology solutions for accessible healthcare, sustainable low-carbon economies, and human-centric work environments. The firm envisions itself as a vital partner, empowering these entrepreneurs to create impactful technologies that redefine sectors and drive lasting change.
PurposeTech has 3 tracked investments across 2 companies. The latest tracked deal is $1.8M Other Equity in Tingit in February 2026.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Feb 19, 2026 | Tingit | $1.8M Other Equity | Viktorija Trimbel | BADideas.fund, FirstPick, Heartfelt, NGL Ventures |
| Sep 2, 2024 | ENOUGH | $310K Pre-Seed | PurposeTech | Klara Losert |
| Aug 23, 2024 | Tingit | $560K Pre-Seed | Jone Vaituleviciute | BADideas.fund, Heartfelt |
Key people at PurposeTech.
PurposeTech is a pre-seed venture capital fund that invests in purpose-driven technology startups primarily in Central and Eastern Europe (CEE). Their mission is to back founders reshaping critical sectors such as Health, Climate, and the Future of Work. They typically serve as the very first investor in startups, providing early capital and hands-on support to help founders build investable products and gain traction. PurposeTech emphasizes a structured, evidence-based approach and dedicates significant time weekly to their portfolio companies, leveraging a strong network through their partnership with Impact Hub to open doors and facilitate growth[1][2][3][5].
PurposeTech was founded in 2023 by serial entrepreneurs Zdenek Fred Fous and David Kovalsky, alongside the Impact Hub, a global network supporting impact-driven entrepreneurs. The fund emerged from a shared belief in entrepreneurship as a catalyst for positive societal change. Since inception, PurposeTech has focused on early-stage investments in startups that align with their impact-driven thesis, evolving to become a trusted first investor and active partner for founders in the CEE region[1][2][3].
PurposeTech rides the growing global trend of impact investing and purpose-driven entrepreneurship, particularly in emerging CEE markets where early-stage capital and specialized support are scarce. The timing is favorable due to increasing demand for sustainable and socially responsible innovation in health, climate, and work technologies. By focusing on these sectors and providing early capital plus operational support, PurposeTech helps shape a more resilient and impact-oriented startup ecosystem in the region, influencing broader market dynamics toward sustainability and social impact[1][2][5].
Looking ahead, PurposeTech is poised to deepen its influence as a leading early-stage impact investor in CEE, potentially expanding its portfolio and network reach. Trends such as digital health innovation, climate tech acceleration, and the transformation of work environments will likely shape their investment focus. Their continued commitment to founder support and ecosystem building suggests they will remain a critical enabler for startups aiming to create meaningful societal change, reinforcing their role as a trusted first investor and partner in the region[1][2][3].
