# Purpose Investments

> Purpose Investments is a VC fund in Toronto backing Mining and FinTech. See 2 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Toronto, Canada
- Total investments: 2
- Last investment: Mar 2026
- Lead investor: 50%
- Last fund: Jan 2022
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/2878847
- X (Twitter): https://twitter.com/purposeinvest
- Website: https://www.purposeinvest.com/
- Facebook: https://www.facebook.com/Purpose-Investments-231629513638364/

Purpose Investments is an asset management firm inspired by the belief that all investors should have access to great investment products along with low fees. Purpose believes in focusing first on managing risk and creating value that is currently missing from the marketplace, thus empowering all Canadians to be better investors. Purpose has over$3.3 billion in assets under management and currently offers 33 exchange traded funds and mutual funds and 6 closed-end funds across multiple asset classes and both traditional and alternative investment strategies.

## Contacts

5 contacts available for Purpose Investments. Shizune tracks 6 team members at Purpose Investments. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/purpose-investments?utm_source=investor_profile

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Mining | 1 | 50% |
| FinTech | 1 | 50% |
| Mineral | 1 | 50% |
| Software | 1 | 50% |
| Mining Technology | 1 | 50% |

6 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 1 | 50% |
| Post-IPO Equity | 1 | 50% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Karl Bruce | Vice President Sales Business Development | 0 | https://shizune.co/investors/profile/karl-bruce |
| Edwin Chan | Vice President & Controller in Operations | 0 | https://shizune.co/investors/profile/edwin-chan-ceb5 |
| Michael Karpenko | Financial Analyst | 0 | https://shizune.co/investors/profile/michael-karpenko |
| Nancy Turner | VP, Content Marketing | 0 | https://shizune.co/investors/profile/nancy-turner |
| Nawan Butt | Associate | 0 | https://shizune.co/investors/profile/nawan-butt |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Lithium Africa | Lithium Africa is a company that is focused on building a portfolio of high-quality lithium deposits. Lithium Africa mission is to lead the African lithium industry as it continue to build a portfolio of the highest-quality lithium projects in the most prospective jurisdictions. | $6.4M | Post-IPO Equity | Mar 18, 2026 | https://x.com/Lithium_afri |
| ether.fi | EtherFi is a non-custodial decentralized ETH staking method that distributes staking to node operators in exchange for rewards. | $5.3M | Seed | Feb 28, 2023 | https://ether.fi |

2 of 2 investments shown.

## Co-investors
- [Arrington XRP Capital](https://shizune.co/investors/profile/arrington-capital) — VC Fund, 1 deal together
- [Arrington XRP Capital](https://shizune.co/investors/profile/arrington-xrp-capital) — VC Fund, 1 deal together
- [Chapter One](https://shizune.co/investors/profile/chapter-one-ventures) — VC Fund, 1 deal together
- [Kommune.one](https://shizune.co/investors/profile/kommune-one) — VC Fund, 1 deal together
- [Legends Group](https://shizune.co/investors/profile/legends-group) — VC Fund, 1 deal together
- [Maelstrom](https://shizune.co/investors/profile/maelstrom) — VC Fund, 1 deal together

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## FAQ

### What does Purpose Investments invest in?

Purpose Investments invests primarily in Mining, FinTech and Mineral startups, most often at Seed and Post-IPO Equity stage. Most of the 2 investments tracked by Shizune back companies in Cayman Islands. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### How do I contact Purpose Investments?

Public channels for Purpose Investments include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Purpose Investments?

The team at Purpose Investments includes Karl Bruce (Vice President Sales Business Development), Edwin Chan (Vice President & Controller in Operations) and Michael Karpenko (Financial Analyst), among 6 team members tracked by Shizune. The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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