Czech VC Purple Ventures has launched a €40 million fund to invest in early-stage startups over the next four years.

The fund, backed by the Purple group founders David Kašper, Jakub Nytra, and Filip Řehoř, was launched in May. 

So far, the firm has invested in Czech energy company Delta Green; iVent Pro, which offers a cloud system for managing virtual and hybrid conferences for universities, companies, and the public sector; and an undisclosed company developing a SaaS system for modern HR management. 

In the coming years, Purple Ventures aims to invest in approximately 60 early-stage companies (pre-seed and seed), each with the potential to disrupt their respective industries, primarily targeting companies with their own software solutions and global ambitions and may generate initial revenues.

In terms of industry focus, Purple Ventures is a well-rounded fund that concentrates on a diverse range of segments such as digital health, energy tech, the creator economy, and security, reflecting the ever-evolving landscape of technology and innovation.

As an “anchor investor,” Purple group is investing approximately 14 million EUR of its own profits into the fund.

Lead image: Purple Ventures’ Jan Davidek, Jan Stanek, and Lukas Godl. Photo: uncredited.