Updated: June 13, 2026
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Venture Capital Firm
Medical Devices
Smart Grid

PurposeTech

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About the program

Investment stage
Description

PurposeTech is a pre-seed fund that supports purpose-driven technology startups in the CEE. ā€ We empower purpose-driven founders. We are their very first investor and one of their most valued partners in their journey to change the world. PurposeTech was co-founded by serial entrepreneurs Zdenek Fred Fous, David Kovalsky, and the Impact Hub - a global network for impact-driven entrepreneurs, innovators and creators.

Location

Program details

Value add

We invest super early. As the initial investors in the startups we support, we participate in angel or pre-seed rounds. We frequently collaborate with other funds and angels, and act as the lead investor where required. We are very hands-on. We devote several hours per week to each of our startups, primarily assisting them in building an investable MVP with adequate traction. We are structured, evidence-based and always absolutely honest. We open doors. Our close partnership with the Impact Hub(<https://impacthub.net/>) grants us access to a vast network of entrepreneurs, experts, and decision-makers. As a result, we provide introductions and open doors for our startups regularly.

Investment offer

Check size$10,000,000 – $250,000
Can lead rounds
Yes
Lead preference
Sometimes
Funding requirements

We invest in impact-oriented startups. Some fields are sustainable technology, climate technology, green technology, digital health, education technology, waste reduction, carbon reduction, agriculture technology, etc.