Purposebuilt

Overview

Purpose Built Ventures is a venture studio that partners with pre-idea entrepreneurs to build companies in fintech, upskilling, and future of work sectors, providing capital, coaching, resources, and operational support.¹²⁴ It handles fundraising, marketing, operations, and legal tasks to enable founders to focus on product development and customer acquisition.¹⁶

History

Founded in 2018 by Miles Lasater (CEO & Founding Partner) and Taylor Thompson (Cofounder).²⁵ The studio has grown to 21-50 employees and established operations focused on early-stage ventures in North America.²³ It maintains an active status with investments in pre-seed and seed stages across technology sectors.³

Reputation

Purpose Built Ventures is perceived as a supportive partner for mission-driven founders lacking initial resources, with strengths in operational guidance and networks for fintech and future-of-work startups.¹³ Professionals note its operator-first approach and track record in early-stage deals, though specific criticisms or enthusiast feedback are not detailed in available sources.³

Sources (7)

1. https://www.zoominfo.com/c/purpose-built-ventures/512990696
2. https://prospeo.io/c/purpose-built
3. https://venturecapitalarchive.com/venture-funds/purpose-built-ventures-purposebuilt-vc
4. https://purposebuilt.vc
5. https://www.forwardobsessed.com/episodes/building-purpose-built-ventures
6. https://purposebuilt.vc/about/
7. https://purposebuilt.vc/blog/why-it-pays-to-start-a-company-with-a-venture-studio/