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Venture Capital
FINANCE
purvicapital.com

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Investments

13

Portfolio Exits

1

Funds

1

About Purvi Capital

Purvi Capital provides strategic planning, business mentorship and access to seed funding to early-stage technology startups with an underlying capacity and intent for high impact.

Purvi Capital Headquarters Location

40 Rector St 10th Floor

New York, New York, 10006,

United States

312-620-0655

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Purvi Capital Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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Purvi Capital Rank

Latest Purvi Capital News

Peerplays Blockchain Standards Association Makes Investment Play in Education Game Startup

Feb 27, 2020

Peerplays Blockchain Standards Association (PBSA) has announced a significant contribution in an investment round in Avalon Meta, the Indian startup combining higher education and competitive gaming. Additional parties in the investment round include Chicago-based VC firm Purvi Capital, and Abhinav Chhikara, ex-Head of Design of ed-tech giant Unacademy. Known worldwide as “the gaming blockchain,” Peerplays’ role in Avalon Meta will be twofold. First, it will bring expertise in gamification; encouraging engagement and increasing usage. Second, the Peerplays blockchain () will become home to the platform’s products, including specialized NFT’s (Non-Fungible Tokens) and an ecommerce type extension when launched. “Working with Avalon Meta was a no-brainer for us,” said PBSA President and Peerplays founder, Jonathan Baha‘i. “We immediately recognized the visionary approach Avalon was taking to disrupt education through gaming, all of it powered by the Peerplays blockchain. It’s exciting to join them on the forefront to help better educate this generation and those that follow while having fun. Just wish this was around when I grew up!” “Peerplays’ capabilities to handle the millions of users the education game could bring to Peerplays blockchain adds multiple benefits to the Peerplays DAC unseen to date in the blockchain industry.” He went on to laud Avalon Meta’s parent company, Avalon Labs, for accumulating over 50 million impressions across its media footprint, growing a large and engaged online following, and attaining a 70% retention rate. Their popularity is evident in Telegram, with massive engagement of over 100,000 messages monthly. Avalon Labs is also investing up to $250,000 in the new business, equity free. “We’re big believers that the new age of education is going to be unlike any other,” said co-founder and president Varun Mayya. “Every dollar we put in Meta is equity free, a sign of our faith in the future of the country.”

Purvi Capital Investments

13 Investments

Purvi Capital has made 13 investments. Their latest investment was in Sunstone as part of their Series A on September 9, 2020.

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Purvi Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/29/2020

Series A

Sunstone

$3.26M

Yes

9

2/21/2020

Seed VC

Avalon Meta

$0.42M

Yes

2

2/19/2020

Seed VC

AvalonMeta

$0.42M

Yes

1

1/23/2018

Seed VC - II

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$99M

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10

7/12/2017

Seed VC

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10

Date

9/29/2020

2/21/2020

2/19/2020

1/23/2018

7/12/2017

Round

Series A

Seed VC

Seed VC

Seed VC - II

Seed VC

Company

Sunstone

Avalon Meta

AvalonMeta

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Amount

$3.26M

$0.42M

$0.42M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

9

2

1

10

10

Purvi Capital Portfolio Exits

1 Portfolio Exit

Purvi Capital has 1 portfolio exit. Their latest portfolio exit was Jobspire Technologies on June 08, 2017.

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

6/8/2017

Acquired

$99M

1

Date

6/8/2017

Exit

Acquired

Companies

Valuation

$99M

Acquirer

Sources

1

Purvi Capital Fund History

1 Fund History

Purvi Capital has 1 fund, including Purvi Ventures I.

Closing Date

Fund

Fund Type

Status

Amount

Sources

4/11/2017

Purvi Ventures I

Early-Stage Venture Capital

Open

$2.9M

1

Closing Date

4/11/2017

Fund

Purvi Ventures I

Fund Type

Early-Stage Venture Capital

Status

Open

Amount

$2.9M

Sources

1

Purvi Capital Team

1 Team Member

Purvi Capital has 1 team member, including current Founding Partner, Ravi Srivastava.

Name

Work History

Title

Status

Ravi Srivastava

Founding Partner

Current

Name

Ravi Srivastava

Work History

Title

Founding Partner

Status

Current

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