MD · Founder, Purpose Ventures
Stories naming Derek Gerrard. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Australian startup Enrola has banked seed funding to scale its AI sales agent after pivoting from an education marketplace, with a new growth head joining.
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On the House, a Brisbane startup founded by a Startmate alumna, has secured $1.7 million in a Purpose Ventures-led seed round to expand its ad-funded dispensers offering free period products nationally.
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Perth AI course-creation platform Coursebox has raised a $750,000 seed round from Purpose Ventures, the ninth deal from the WA-backed fund; both founders previously went through the Plus Eight accelerator.
Western Australia's government added $15 million to its WAVC fund-of-funds, committing $45 million across seven venture firms to back local startups; Purpose Ventures' fund closed at $55 million after backing My Mirror and SpacetoCo.
Perth VC Purpose Ventures led My Mirror's $4 million round for its telehealth psychology marketplace, with Roger Allen among backers; funds target product development and New Zealand expansion. SpacetoCo raised $2 million.
Andromeda Robotics secured $3 million in seed funding from Purpose Ventures, which led the deal, to grow its aged-care companion robot Abi; Galileo Ventures provided an earlier pre-seed in 2023.
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Purpose Ventures led a $3m seed round in Andromeda, Grace Brown's Melbourne robotics startup, to scale production of Abi, a companion robot trialled in aged care and children's hospitals.
Perth backer Purpose Ventures has added follow-on money to WA care platform PlanCare, taking its seed funding to $2.5 million; the firm's $45 million fund has now backed four startups.
WA's Purpose Ventures has put more money into Plancare, a self-managed healthcare platform, lifting its cumulative backing to $2.5 million; the article also profiles the fund's founders, portfolio and history.
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Kylie and Derek Gerrard's Purpose Ventures has closed $37m for its Western Australian startup fund, with WA investors, the Steinberg Family Office as cornerstone backer and state government operational support.
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Western Australia's government has selected three forming local early-stage venture funds, Purpose Ventures, Fund WA and Quokka Capital, for 100,000 dollars each in matched operational funding under its WAVES pilot.