# Purpose Ventures

> Purpose Ventures is a VC fund in Prague backing Mobile Apps and Apps. See 8 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Prague, Czech Republic
- Total investments: 8
- Last investment: Mar 2022
- Lead investor: 75%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/71937144
- Website: https://www.purposeventures.cz/

Purpose Ventures is a VC fund in Prague focused on Mobile Apps and Apps. Investing in ambitious founders and for-profit tech startups contributing to solving world challenges. We've built several successful companies and will help to build yours. We invest our own money, 100-1mil EUR per investment. We are part of tech private equity firm Pale Fire Capital.

## Contacts

5 contacts available for Purpose Ventures. Shizune tracks 1 team members at Purpose Ventures. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/purpose-ventures?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $328k–$1.9M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Mobile Apps | 2 | 25% |
| Apps | 1 | 13% |
| SaaS | 1 | 13% |
| EdTech | 1 | 13% |
| Gaming | 1 | 13% |

15 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 3 | 38% |
| Angel | 1 | 13% |
| Series B | 1 | 13% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Germany | 1 | 13% |
| Singapore | 1 | 13% |
| United States | 1 | 13% |
| Czech Republic | 1 | 13% |
| United Kingdom | 1 | 13% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| David Siska | Partner | 2 | https://shizune.co/investors/profile/david-siska-6ac6 |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Igloohome | Igloohome manufactures security locks for residential and commercial purposes. It helps people to manage homes and properties through technologies. Igloohome offers igloohome Smart Keybox, a solution for short-term rental hosts and home or property owners; Smart Padlock, a remotely-managed security solution that provides owners with convenientaccess control to their properties and assets; and Igloohome mobile app, which allows the user to pair and manage various locks in various home listings, perform Bluetooth unlock and easy unlock, generate and manage one-time and duration PIN codes, change master PIN code, and check lock battery status. Its igloohome Smart Keybox opens with PIN code and Bluetooth. Igloohome sells its products through resellers and online. Anthony Chow, Kelvin Jo, and Sharon Goh founded it in 2015, with its headquarters in Singapore. | $12M | Series B | Mar 17, 2022 |  |
| Fryd | Alphabeet helps people grow vegetables. | $1.3M | Angel | Nov 30, 2021 |  |
| Fireball | Fireball develops role-playing games on mobile devices, making them more convenient to use. The company's game Dungeon Realms allows players to play tabletop RPG on their mobile phones. The game offers a variety of backgrounds, appearances, and personality traits that players can select from, as well as playable races and classes. | $949.8K | Seed | May 10, 2021 |  |
| Fireball | Fireball develops role-playing games on mobile devices, making them more convenient to use. The company's game Dungeon Realms allows players to play tabletop RPG on their mobile phones. The game offers a variety of backgrounds, appearances, and personality traits that players can select from, as well as playable races and classes. | $949.8K | Seed | May 10, 2021 |  |
| encubate | encubate is an app that helps aspiring entrepreneurs build the foundations of their future business & master their entrepreneurial skills | $328K | Seed | Apr 28, 2021 |  |
| encubate | encubate is an app that helps aspiring entrepreneurs build the foundations of their future business & master their entrepreneurial skills | $328K | Seed | Apr 28, 2021 |  |
| encubate | encubate is an app that helps aspiring entrepreneurs build the foundations of their future business & master their entrepreneurial skills | $328K | Seed | Apr 28, 2021 |  |
| Accomango | Accomango is building a SaaS enabled B2B marketplace between companies with manual workers and accommodation providers - The last bastion of pen&paper accommodation business waiting for digital disruption.Accommodation booking and people management SaaS for industrial, construction and automotive companies. Hostel management SaaS foraccommodation providers to achieve a seamless booking process.The founding team gained experience from companies such as Productboard, Twisto, Rohlik, BCG & Enern Investments. Most of the team have a degree in Mathematics, Computer Science, Mechanical Engineering or Physics | $1.9M | Seed | Apr 21, 2021 |  |

8 of 8 investments shown.

## Co-investors
- [Grouport Ventures](https://shizune.co/investors/profile/grouport-ventures) — VC Fund, 3 deals together
- [Insignia Ventures Partners](https://shizune.co/investors/profile/insignia-ventures-partners) — VC Fund, 1 deal together
- [KAYA](https://shizune.co/investors/profile/kaya-8ed9) — VC Fund, 1 deal together
- [Kickstart Ventures](https://shizune.co/investors/profile/kickstart-ventures) — VC Fund, 1 deal together
- [Wavemaker Ventures](https://shizune.co/investors/profile/wavemaker-partners) — VC Fund, 1 deal together

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## FAQ

### What does Purpose Ventures invest in?

Purpose Ventures invests primarily in Mobile Apps, Apps and SaaS startups, most often at Seed and Angel stage. Most of the 8 investments tracked by Shizune back companies in Germany. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Purpose Ventures's check size?

Purpose Ventures typically joins rounds of $328k–$1.9M at Seed. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Purpose Ventures participates in.

### How do I contact Purpose Ventures?

Public channels for Purpose Ventures include LinkedIn 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 Ventures?

The team at Purpose Ventures includes David Siska (Partner). 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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