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PurposeBuilt Ventures
We bring together pre-idea entrepreneurs, capital, coaching, and resources to turn the best ideas into great companies focused on fintech, upskilling, and the...
PurposeBuilt Ventures
We bring together pre-idea entrepreneurs, capital, coaching, and resources to turn the best ideas into great companies focused on fintech, upskilling, and the future of work.
General information
Firm type
Venture Capital
Year founded
2018
AUM
Undisclosed
Location
Region
North America
Country
United States
City
San Francisco
Corporate office
San Francisco, CA, United States
Principals
Miles
Founder
Sector focus
Frequently asked questions
How does PurposeBuilt Ventures actually work with founders?
The firm operates as a venture studio, not a conventional fund. Miles joins each venture as a co-founder, contributing the studio's playbooks, operational resources, and network. The website states this model includes direct support for fundraising, marketing, operations, and legal functions, letting the original founder focus on product and customer demand.
Who makes investment decisions at PurposeBuilt?
Investment decisions appear centralized with the founder, Miles. Public materials reference him as the sole named principal making commitments and serving as the hands-on partner for every portfolio company. No investment committee, general partners, or other decision-makers are disclosed.
What stages does PurposeBuilt Ventures target?
The studio starts at the pre-idea and seed stages. The firm describes bringing together 'pre-idea entrepreneurs' with capital and resources, which means it will commit before a company is formed or has a product. It does not publicly participate in later-stage rounds.
Does PurposeBuilt commit to funds or only direct deals?
Available information only describes direct studio engagements as co-founder. There is no mention of fund-of-funds commitments, limited-partner stakes in other managers, or secondary transactions. The model is exclusively building and investing in new companies alongside founders.
Which sectors does PurposeBuilt Ventures explicitly avoid?
The firm publicly names three focus sectors — fintech, upskilling, and the future of work — and describes its ventures as mission-driven companies expanding economic opportunity. Sectors outside these areas, particularly those without a direct tie to economic mobility, appear excluded from the stated mandate.
What is Miles's background before PurposeBuilt?
The website references a track record as an entrepreneur who took a company public and collectively raised over $250 million. Founder testimonials describe him as an 'entrepreneur turned investor.' No former company names, prior funds, or educational background are disclosed on the firm's own site, and no primary-source reporting fills the gap.
How is PurposeBuilt Ventures structured — is it a fund, a studio, or something else?
The firm explicitly labels itself a 'venture studio' and describes its offering as a 'new type of co-founder, and a more valuable investor.' This means it combines a managed pool of capital with an in-house operating team that embeds directly into startups. It is not structured as a traditional limited-partner fund, though the specific legal entity and capital source are not disclosed.
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