Purpose - About the company
Purpose is a series A company based in Berlin (Germany), founded in 2023 by Okitonga Memba, Lennart J Christel and Lucas Christel. It operates as a Provider of energy advisory & efficiency, cost saving, and other services. Purpose has raised $18.5M in funding from investors like Speedinvest, Atlantic Labs and Fifth Wall. The company has 4495 active competitors, including 560 funded and 369 that have exited. Its top competitors include companies like ecobee, Particle and Landis+Gyr.
Company Details
- Website
- www.purpose-green.com/
- Email ID
- *****@purpose-green.com
Key Metrics
Founded Year
2023
Location
Berlin, Germany
Stage
Series A
Total Funding
$18.5M in 2 rounds
Latest Funding Round
Investors
Ranked
669th among 4495 active competitors
Employee Count
16 as on Oct 31, 2026
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Purpose's funding and investors
Purpose has raised a total funding of $18.5M over 2 rounds. Its first funding round was on Oct 05, 2023. Its latest funding round was a Series A round on Oct 08, 2024 for $*****. 1 investor participated in its latest round. Purpose has 3 institutional investors.
Here is the list of recent funding rounds of Purpose:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Oct 08, 2024 | 4566737 | Series A | 5444821 | 7049204 | 3680716 | 6207693 |
Oct 05, 2023 | 2678127 | Seed | 6155503 | 7265662 | 9737787 |
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Purpose's founders and board of directors
Founder? Claim ProfileHere are the details of Purpose's key team members:
- Okitonga Memba: Co-Founder & Managing Director of Purpose.
- Lennart J Christel: Co-Founder & Managing Director of Purpose.
- Lucas Christel: Co-Founder & Managing Director of Purpose. Contact Info: 1 email address
View details of Purpose's Founder profiles and Board Members
Purpose's employee count trend
Purpose has 16 employees as of Oct 26. Here is Purpose's employee count trend over the years:
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Purpose's Competitors and alternates
Top competitors of Purpose include ecobee, Particle and Landis+Gyr. Here is the list of Top 10 competitors of Purpose, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Manufacturer of smart thermostats, sensors, cameras, and security system bundles | $155M | 79/100 | ||
2nd |  Particle 2011, San Francisco (United States), Acquired | Developer of a prototype to production connectivity platform for IoT | $135M | 79/100 | |
3rd | Landis+Gyr 1896, Cham (Switzerland), Acquired | Manufacturer of electric meters and grid edge data management software | $1.03B | 77/100 | |
4th | Enel X 2001, Boston (United States), Acquired | Developer of utility-scale renewable energy projects | $168M | 75/100 | |
5th |  SPAN 2014, San Francisco (United States), Series C | Smart energy management technology platform that modernizes residential electrical systems | $419M | 73/100 | |
6th |  Sense 2013, Cambridge (United States), Series D | Smart energy platform providing real-time electricity usage insights for homes and utilities | $177M | 71/100 | |
7th |  Savant Systems 2005, Barnstable (United States), Late Stage | App and hub for connected device management | $90M | 71/100 | |
8th |  Bidgely 2011, Mountain View (United States), Series C | Provider of a solution for consumers to monitor and manage their household energy use | $87.7M | 70/100 | |
9th | Cloud-based enterprise asset management solutions | $52.3M | 69/100 | ||
10th | Happy 2011, Carlsbad (United States), Series B | Provider of centralized maintenance, asset, and property management software solutions | $77.9M | 69/100 | |
669th | Provider of energy advisory & efficiency, cost saving, and other services | $18.5M | 31/100 |
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Purpose's Investments and acquisitions
Purpose has made no investments or acquisitions yet.
Reports related to Purpose
Here is the latest report on Purpose's sector:
News related to Purpose
•
Purpose Green: Berlin-based ClimateTech receives $15 millionTrending Topics•Oct 08, 2024•Purpose, Fifth Wall
•
Orakl Oncology bag €3M to propel techbio platform for accelerated cancer drug developmentSilicon Canals•Oct 04, 2023•Speedinvest, Verve Ventures, Orakl Oncology, HCVC and 3 others
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FAQs about Purpose
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