German climate technology company Purpose Green secures €3.3 million in financing to decarbonize the building sector. The fresh capital will be used for team expansion and service development.
Berlin – Purpose Green, a German climate technology company, has successfully closed a €3.3 million financing round. Leading European early-stage investors Speedinvest and Atlantic Labs led the round. The fresh capital will be used for team expansion, expansion of presence in Germany and further development of services.
“The German government needs to holistically solve the challenges of climate protection and decarbonization of the building sector. Turning away from standards already created for new construction only postpones the problem to the next legislative period, but solves nothing.”
-Lucas Christel, Co-Founder & Managing Director Purpose Green
Purpose Green is a German Climate Tech company based in Berlin that provides solutions for decarbonizing the building sector. They support owners, property managers and institutional funds with retrofit and energy consulting.
“Purpose Green has the potential to play an important role in Europe’s energy transition.”
-Andreas Schwarzenbrunner of Speedinvest
The building sector contributes 40% to energy consumption and 36% to greenhouse gas emissions in Europe. In Germany, it is a significant CO2 polluter. Europe has 240 million buildings in need of renovation that do not meet regulatory standards. Annual investments in the billions are estimated for the energy turnaround. Most property owners do not have comprehensive energy efficiency data on their buildings. Retrofit measures are costly, time-consuming and associated with bureaucratic hurdles. Purpose Green offers a solution.
“We want to help our clients make their real estate portfolio sustainable.”
-Lucas Christel, Co-Founder & Managing Director Purpose Green
The company has developed a comprehensive solution for energy retrofits. The process starts with data collection and digital 3D model of a building. Then, energy measures are planned and implemented. Purpose Green acts as a “one-stop store” for cost-effective decarbonization of the building sector.
