Purpose Capital: investing where others fear to tread

Purpose Capital: investing where others fear to tread
Purpose Capital's founder and executive director Bill Murphy. (Image: Purpose Capital)
Greg Hurrell
Many deep tech startups want to change the world for the better. This is especially evident in the clean energy sector, and New Zealand now has VC funds, and even Kiwisaver funds, ready to bet on some of them taking off. Purpose Capital occupies a niche in the private capital space, where philanthropy drives investment decisions. That it aims to make money isn’t in doubt. “We don't have a mandate to do anything but return market-rate returns to investors,” founder and executive director Bill Murphy said.But makin...

More Sustainable Finance

AgriZeroNZ puts an extra $5m into US startup Hoofprint Biome
News in Brief

AgriZeroNZ puts an extra $5m into US startup Hoofprint Biome

The startup company plans to trial its methane-reducing tech on NZ cattle in 2026.

Staff reporters 01 May 2025
Rob Everett to replace Joy Marslin as Simplicity chair
Finance

Rob Everett to replace Joy Marslin as Simplicity chair

The former chief executive of FMA and NZGCP starts on the board in May.

Staff reporters 01 May 2025
Government scraps NZ Green Investment Finance
News in Brief

Government scraps NZ Green Investment Finance

NZGIF was set up by the previous government as a green investment bank.

Staff reporters 08 Apr 2025
Breakers basketball sale: Who are the Grice brothers?
Sport

Breakers basketball sale: Who are the Grice brothers?

Meet the siblings behind the ownership change at the franchise.

Pattrick Smellie 21 Mar 2025