Purpose Green receives 3.3 million euros for the decarbonization of the building sector

German climate technology company Purpose Green secures €3.3 million in funding 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 to expand the team, extend the company's presence in Germany and further develop its services.

The German government must find a holistic solution to the challenges of climate protection and the decarbonization of the building sector. Turning away from standards for new buildings that have already been created will only postpone the problem until the next legislative period, but will not solve anything.

Lucas Christel, Co-Founder & Managing Director Purpose Green

Purpose Green is a German climate tech company based in Berlin that offers solutions for the decarbonization of the building sector. They support owners, property managers and institutional funds with refurbishment and energy consulting.

Purpose Green has the potential to play an important role in the energy transition in Europe.

Andreas Schwarzenbrunner from Speedinvest

The building sector accounts for 40% of energy consumption and 36% of greenhouse gas emissions in Europe. In Germany, it is a significant CO2 emitter. Europe has 240 million buildings in need of renovation that do not meet regulatory standards. Billions are estimated to be invested annually in the energy transition. Most property owners do not have comprehensive energy efficiency data on their buildings. Renovation measures are cost-intensive, time-consuming and associated with bureaucratic hurdles. Purpose Green offers a solution.

We want to help our customers make their real estate portfolio sustainable.

Lucas Christel, Co-Founder & Managing Director Purpose Green

The company has developed a comprehensive solution for energy-efficient refurbishments. The process begins with data acquisition and a digital 3D model of a building. Energy measures are then planned and implemented. Purpose Green acts as a "one-stop store" for cost-efficient decarbonization of the building sector.