Steinberg family-backed fund Purpose Ventures has reached across the globe for its latest investment, a UK-based platform for software engineers founded by entrepreneurs from Perth.
Perth edtech startup Paperly will ramp up its expansion and aim to secure a foothold in international markets after securing $3 million in new funding.
Venture Capital investment in Western Australia has significantly slowed, falling from $140 million in 2023 to $80 million in 2024, according to a new report.
A Perth-founded startup that provides an online platform for those wishing to rent community space has received $2 million from Purpose Ventures as it targets expansion to the UK.
Perth-based Purpose Ventures has deployed almost 10 per cent of its $46 million fund in its first year of operations, including a recent top-up of its stake in startup PlanCare.
Perth-based startup fund Purpose Ventures has maintained its local focus, with its first $3 million fully invested in WA companies, the latest being pharmacogenomics company Gene S.
Purpose Ventures, a new fund to invest in Western Australian startups, has raised at least $37 million, including a $10 million foundation investment from a major local entrepreneur.
