Purpose Green receives almost 15 million US dollars

The climate tech start-up from Berlin has closed a financing deal worth almost 15 million US dollars. Purpose Green plans to expand its team and develop its SaaS platform for energy-efficient renovations and ESG management

Berlin, October 8, 2024 - Berlin-based climate tech company Purpose Green has raised nearly 15 million US dollars in a funding round led by Fifth Wall. Fifth Wall is an asset manager focused on decarbonizing and future-proofing the building sector. With this new injection of funds, Purpose Green has now raised a total of 18.4 million US dollars in investment.

We are proud to have Fifth Wall as a strategic partner to drive sustainability in the building sector.

Lucas Christel, co-founder of Purpose Green

Among other things, the funds will be used to further develop the Software-as-a-Service (SaaS) platform. The company will further optimize its energy intelligence tools, ESG reporting and the certification process. The use of artificial intelligence (AI) will also be intensified in order to keep the platform up to date.

Purpose Green wants to grow its team and drive expansion in Europe

The funding will enable Purpose Green to continue to expand its team and drive its expansion into the European market. The aim is to improve sustainability standards in the real estate sector by reconciling economic viability with environmental responsibility.

We are convinced that together with Lucas Christel's team we will increase Purpose Green's market share across Europe and make the company an indispensable partner for the leading real estate companies.

Miguel Nigorra, Partner and Head of Europe at Fifth Wall

Standard for sustainability in the real estate sector planned

Purpose Green addresses a gap in the market: The seamless combination of ESG analysis, advice and comprehensive implementation. The company focuses on investment properties and thus offers a holistic approach to decarbonizing the building sector. Particularly important here is the simplification of the retrofitting process, which enables property owners to make their portfolios sustainable and energy-efficient. A year ago, we last reported on a successful round of € 3.3 million for the start-up.