Predict your next investment

Venture Capital
purplearchventures.com

See what CB Insights has to offer

Investments

25

Portfolio Exits

6

Funds

4

About 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

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Latest Purple Arch Ventures News

BlockFi Raises $50M in Series C Funding

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.

CBI Logo

Purple Arch Ventures Investments Activity

investments chart

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

Subscribe to see more

$99M

Subscribe to see more

10

4/21/2021

Series C - III

Subscribe to see more

$99M

Subscribe to see more

10

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

Subscribe to see more

Subscribe to see more

Amount

$2.75M

$8M

$6.4M

$99M

$99M

New?

No

Yes

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

1

2

3

10

10

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.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

1/5/2021

Merger

$99M

6

10/30/2020

Acquired

Subscribe to see more

$99M

Subscribe to see more

10

9/10/2020

Acquired

Subscribe to see more

$99M

Subscribe to see more

10

11/4/2019

Acquired

Subscribe to see more

$99M

Subscribe to see more

10

9/4/2018

Acquired

Subscribe to see more

$99M

Subscribe to see more

10

Date

1/5/2021

10/30/2020

9/10/2020

11/4/2019

9/4/2018

Exit

Merger

Acquired

Acquired

Acquired

Acquired

Companies

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Sources

6

10

10

10

10

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

10

Purple Arch Ventures Fund 4Q

10

Purple Arch Fund I

$99M

10

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

$99M

Sources

1

10

10

10

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

Founder

Current

David Beazley

Managing Partner

Current

Name

Johann Beukes

David Beazley

Work History

Title

Founder

Managing Partner

Status

Current

Current

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.