When was PurposeEnergy founded?

PurposeEnergy was founded in 2007 and raised its 1st funding round 1 year after it was founded.

Where is PurposeEnergy located?

PurposeEnergy is headquartered in Pelham, United States. It is registered at 400 Avenue D, Suite 30WillistonVT.

How many employees does PurposeEnergy have?

As of Sep 30, 2026, the latest employee count at PurposeEnergy is 41.

Is PurposeEnergy a funded company?

PurposeEnergy is a funded company, having raised a total of $4.32M across 8 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Jan 11, 2008.

How much is PurposeEnergy worth?

The last known valuation of PurposeEnergy was $***** as of May 12, 2022.

When was the latest funding round of PurposeEnergy?

PurposeEnergy's latest funding was a $***** Conventional Debt round on Apr 20, 2018, with participation from 0 investor.

Where does PurposeEnergy rank among its competitors?

PurposeEnergy ranks 12th amongst 86 active competitors, of which 30 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was Wildfire Energy, which secured $1.39M in Jul, 2026.

Who are the top competitors of PurposeEnergy?

PurposeEnergy's top competitors include GPS Renewables, Carbonlites and Raízen. Among them, Wildfire Energy secured the most recent funding round in July, 2026.

PurposeEnergy - 2026 Company Profile, Team, Funding & Competitors

Company Details

Provider of organic waste processing systems and sustainable solutions for businesses. The company designs, builds, and operates waste stream solutions for food and beverage production environments. Its technology features a bioreactor designed to process and reclaim organic waste. The company also offers consulting and facilities management services.

Website: purposeenergy.com
Social
Email ID: *****@purposeenergy.com
Registered Address: 400 Avenue D, Suite 30WillistonVT

Key Metrics

Founded Year

2007

Location

Pelham, United States

Stage

Acquired

Total Funding

$4.32M in 8 rounds

Latest Funding Round

Conventional Debt, Apr 20, 2018, $*****

Last Known Valuation

$***** as on May 12, 2022

Investors

Green Mountain Power & 6 more

Ranked

12^th among 86 active competitors

Employee Count

41 as on Sep 30, 2026

Similar Companies

GPS Renewables & 60 more

Exit Details

Acquired by Quinbrook (Apr 12, 2023)

View PurposeEnergy's full profile

PurposeEnergy is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
PURPOSEENERGY INC CIN: 0001422878 , United States, Active	Jun 26, 2007	$1M - $10M (As on Dec 31, 2021)	-	-
PURPOSE ENERGY, LLC CIN: 32065459391 , United States, Active	Nov 17, 2017	-	-	-

PurposeEnergy got acquired by Quinbrook on Apr 12, 2023.

Click here to take a look at PurposeEnergy's acquisition in detail

PurposeEnergy has raised a total funding of $4.32M over 8 rounds. Its first funding round was on Jan 11, 2008. PurposeEnergy has 7 institutional investors.

Here is the list of recent funding rounds of PurposeEnergy:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Apr 20, 2018	6512078	Conventional Debt	3280737	3307333	6636452	4426374
Dec 30, 2013	2339314	Conventional Debt	8884728	8900428	2047951	9179531
Dec 30, 2013	8677965	Seed	9719893	3520882	7384804	3828758

Access funding benchmarks and valuations. Sign up today!

View details of PurposeEnergy's funding rounds and investors

The founders of PurposeEnergy is Eric Fitch.

Here are the details of PurposeEnergy's key team members:

Eric Fitch: Founder & CEO of PurposeEnergy.
Contact Info: 1 email address

View details of PurposeEnergy's Founder profiles and Board Members

PurposeEnergy's employee count trend

PurposeEnergy has 41 employees as of Sep 26. Here is PurposeEnergy's employee count trend over the years:

Uncover PurposeEnergy's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of PurposeEnergy include GPS Renewables, Carbonlites and Raízen. Here is the list of Top 10 competitors of PurposeEnergy, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	GPS Renewables 2012, Bengaluru (India), Series C	Provider of biogas engineering and clean fuels technology solutions	$91.7M	PixelSky Capital, Triodos Investment Management ... & 20 others	69/100
2nd	Carbonlites 2009, Bengaluru (India), Seed	Biogas digester developer and bio-CNG producer	$2.93M	Schneider Electric, Indian Angel Network ... & 145 others	64/100
3rd	Raízen 2011, Sao Paulo (Brazil), Public	Provider of bioenergy from waste products	-	Citi, MUFG & 3 others	63/100
4th	Sistema 2009, Mexico (Mexico), Series B	Provider of biodigester technology that transforms animal waste into bioenergy	$60.4M	Engie, DILA Capital & 30 others	59/100
5th	Aemetis 2006, Cupertino (United States), Public	Manufacturer of renewable fuels and renewable chemicals	-	India Venture Partnership, State of California ... & 3 others	55/100
6th	WtE-As 2017, Barcelona (Spain), Series B	Provider of solutions to convert waste into fuel	$11.8M	SC Netzero Ventures, CEMEX Ventures & 2 others	54/100
7th	Carbon Masters 2009, Bengaluru (India), Series A	Provider of carbon footprinting software and Net Zero consulting services	$2.05M	Schneider Electric, Good Capital & 75 others	53/100
8th	Divert 2005, Concord (United States), Series B	Provider of recyclable waste management services	$1B	Ara Partners, Enbridge & 3 others	52/100
9th	Wildfire Energy 2016, Brisbane (Australia), Seed	Developer of biomass to syngas conversion technology	$1.39M	Airbus Official, Qantas & 7 others	50/100
10th	Hydron Energy 2020, Vancouver (Canada), Series A	Developer of technology that upgrades biogas and purifies syn-gases	-	Plug and Play Tech Center, National Research Council Canada ... & 4 others	50/100
12th	PurposeEnergy 2007, Pelham (United States), Acquired	Provider of organic waste processing systems and sustainable solutions for businesses	$4.32M	Clean Energy Ventures, Clean Energy Venture Group ... & 5 others	51/100