Investments
25Portfolio Exits
6Funds
4About Purple Arch Ventures
Purple Arch Ventures is a community of accredited Northwestern alums who pool money into a VC fund to invest in Northwestern-connected companies. Its goal is to raise a new fund each year that benefits entrepreneurs, the school's ecosystem, and its investors. It is private, for profit, and ROI-driven.
Purple Arch Ventures Headquarter Location
Evanston, Illinois,
United States
Latest Purple Arch Ventures News
Aug 21, 2020
BlockFi , a Jersey City, NJ-based cryptocurrency lender and financial services company, raised $50m in Series C funding. The round was led by Morgan Creek Digital with participation from Valar Ventures, CMT Digital, Castle Island Ventures, Winklevoss Capital, SCB 10X, Avon Ventures, Purple Arch Ventures, Kenetic Capital, HashKey, NBA player Matthew Dellavedova and two unnamed university endowments. In conjunction with the funding, Anthony Pompliano, Co-Founder and Partner at Morgan Creek Digital, joined BlockFi’s Board of Directors. The company intends to use the funds to grow the team and further expand its business lines, including the upcoming release of a bitcoin rewards-based credit card and support for additional assets and currencies. Led by Zac Prince, CEO and Founder, BlockFi provides wealth management products all powered by blockchain technology. Currently, the company services clients worldwide and in all U.S. states, with USD loans backed by crypto, interest earning accounts, and trading. The company now boasts more than $1.5B in assets on the platform, with a 0% loss rate across its lending portfolio since inception. The firm is now in the process of continuing to expand its offerings as a full-service investment platform for cryptocurrencies. BlockFi recently bolstered its leadership team with new hires, including a new Chief Growth Officer Wittney Rachlin (American Express, Prudential), Chief Security Officer Adam Healy (Bakkt, Palantir, various U.S. government offices), General Counsel Jonathan Mayers (Renaissance Technologies, Barclays, Deutsche Bank), and Europe/APAC Managing Director David Olsson (Credit Suisse, Merrill Lynch). In June, the company released iOS and Android mobile app versions of its platform. Growth has been particularly strong in Asian markets. Thanks to a range of strategic partnerships, BlockFi has been able to scale up its offerings across the region. This global expansion is not only adding more opportunities for retail clients, but also institutional investors who serve a critical role in driving new business. FinSMEs 21/08/2020
Purple Arch Ventures Investments
25 Investments
Purple Arch Ventures has made 25 investments. Their latest investment was in Elevent as part of their Seed VC - II on April 4, 2022.
Purple Arch Ventures Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
4/5/2022 | Seed VC - II | Elevent | $2.75M | No | 1 | |
1/4/2022 | Seed VC | The BACH | $8M | Yes | 2 | |
11/17/2021 | Series A | Gooder Foods | $6.4M | Yes | 3 | |
5/21/2021 | Seed VC - II | |||||
4/21/2021 | Series C - III |
Date | 4/5/2022 | 1/4/2022 | 11/17/2021 | 5/21/2021 | 4/21/2021 |
|---|---|---|---|---|---|
Round | Seed VC - II | Seed VC | Series A | Seed VC - II | Series C - III |
Company | Elevent | The BACH | Gooder Foods | ||
Amount | $2.75M | $8M | $6.4M | ||
New? | No | Yes | Yes | ||
Co-Investors | |||||
Sources | 1 | 2 | 3 |
Purple Arch Ventures Portfolio Exits
6 Portfolio Exits
Purple Arch Ventures has 6 portfolio exits. Their latest portfolio exit was Arrive on January 05, 2021.
Purple Arch Ventures Fund History
4 Fund Histories
Purple Arch Ventures has 4 funds, including Purple Arch Fund II.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
|---|---|---|---|---|---|
Purple Arch Fund II | 1 | ||||
Purple Arch Ventures Fund 4 | |||||
Purple Arch Ventures Fund 4Q | |||||
Purple Arch Fund I |
Closing Date | ||||
|---|---|---|---|---|
Fund | Purple Arch Fund II | Purple Arch Ventures Fund 4 | Purple Arch Ventures Fund 4Q | Purple Arch Fund I |
Fund Type | ||||
Status | ||||
Amount | ||||
Sources | 1 |
Purple Arch Ventures Team
2 Team Members
Purple Arch Ventures has 2 team members, including current Managing Partner, David Beazley.
Name | Work History | Title | Status |
|---|---|---|---|
Johann Beukes | Levatas, Bankrate, CreditMax, and Office Depot | Founder | Current |
David Beazley | Managing Partner | Current |
Name | Johann Beukes | David Beazley |
|---|---|---|
Work History | Levatas, Bankrate, CreditMax, and Office Depot | |
Title | Founder | Managing Partner |
Status | Current | Current |
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