Purple Ventures 40 million Euro fund has launched. The first investments are aimed at smart energy and HR software.

Purple Ventures 2, a venture capital fund aiming to invest 40 million EUR in early-stage startups over the next four years, is making its first investments. The fund, backed by the Purple group founders David Kašper, Jakub Nytra, and Filip Řehoř, was launched in May. The first trio of invested companies in the fields of smart energy, cloud HR systems, and hybrid event management received a total of 1.9 million EUR from the fund.

The latest investment from Purple Ventures goes to the startup iVent Pro, which offers a cloud system for managing virtual and hybrid conferences for universities, companies, and the public sector. “iVent Pro has effectively captured customer requirements in the post-COVID era and has an excellent product for online and hybrid event organizers. It offers the ability to create unlimited events, thereby reducing overall event costs. We invested in a team with vast experience in this field and look forward to seeing where they can take the product,” says Jan Davídek, general partner at Purple Ventures.

Another significant investment from Purple Ventures has been received by an undisclosed company developing a SaaS system for modern HR management. It brings advanced automation and digitalization of HR processes using artificial intelligence elements. They will publicly reveal their plans later this year. The total value of Purple Ventures’ investment in iVent Pro and the new HR solution amounts to 1.25 million EUR.

Into the grid with Delta Green

The very first investment of the fund went in May to the Czech energy company Delta Green, where Purple Ventures invested alongside Tilia Impact Ventures and Credo Ventures. Delta Green is among the so-called flexibility aggregators and operates by balancing the energy grid by connecting households that aggregate electricity using software into a large virtual battery. Additionally, Delta Green can enable households equipped with photovoltaics, batteries, heat pumps, or electric cars to earn or save money by integrating them into the grid. The company plans to use the total investment of 2.2 million EUR for further growth, expansion into Western Europe, and completion of software that will open the way for households to earn through grid balancing.

“We have been closely communicating with Delta Green for over two years and we’ve been impressed by their consistently professional approach. We are pleased to now be part of the desired shift of traditional energy towards a distributed, emission-free energy production based on renewables with aggregated flexible production and consumption. The founders of Delta Green have excellent technical, managerial, and marketing skills to effectively disrupt the industry,” describes Jan Staněk, co-founder and managing partner of Purple Ventures.

40 million EUR for early-stage companies with a focus on CEE

In the coming years, Purple Ventures aims to invest in approximately 60 early-stage companies (pre-seed and seed). The fund, with over 40 million EUR, primarily targets companies with their own software solutions, global ambitions and may generate initial revenues. In terms of industry focus, Purple Ventures concentrates on segments such as digital health, energy tech, the creator economy, or security.

The founders of the Purple group began their fintech business in 2007. Since then, the group has built several regulated brokers for trading in financial markets from scratch, a payment institution, and a venture capital fund with its own capital and investments in over thirty entities. The newly launched venture capital fund is, unlike the first, for the first time open to external qualified investors. External capital will help Purple Ventures build a sufficiently large and diversified portfolio and significantly increase the chances of achieving set goals. Purple group itself, as an “anchor investor,” is investing approximately 14 million EUR of its own profits into the fund.


About Purple Group:

The group, now operating under the name Purple Holding, began forming in 2007 under the wings of co-founders David Kašper, Jakub Nytra, and Filip Řehoř. From its inception, the group has focused on developing technologies for forex brokers. These activities are consolidated under the Purple Technology brand, serving customers in more than 100 countries worldwide.

Since 2019, the group includes the capital investment fund Purple Ventures, focusing on investments in innovative startups in the pre-seed and seed stages, now also opening to external investors. An integral part of the group’s activities is also the Purple Foundation, which has allocated over 20 million CZK to support charitable projects.

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