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To decarbonise every European building.
Research by the European Commission suggests that real estate is responsible for 35% of emissions and 40% of energy consumption, a figure only set to grow as countries scale their building projects in line with population increases. These figures mean that to achieve carbon neutrality goals, a rapidly growing number of buildings must be renovated over the next few decades.
Founded by members of the APX accelerator by Axel Springer and Porsche, Purpose Green utilises its founders' rich knowledge about the real estate market to decarbonise the real estate sector. Purpose Green compiles data overviews concerning a building’s energy-related construction and renovation requirements through 3D digital twins of properties. These provide a 360-degree overview of a property's energy status and the work needed to elevate its sustainability.
Working with both real estate portfolios and individual property owners, Purpose Green is currently focused on the German market, its 2024 seed funding allowing it to expand its presence there. Time will tell if the company can expand across the continent, but its steady growth and high-demand market mean it has made a promising start.
Freddie
Company Specialist at Welcome to the Jungle
Oct 2024
$15m
SEED
Oct 2023
$3.5m
SEED
Oki Memba
(Co-Founder & Business Development)Previously a Managing Director at Memba Real Estate, Head of Acquisition at MB Advisors, Senior Consultant at BNP Paribas Real Estate and an Analyst at W&W Real Estate GmbH.
Lucas Christel
(Co-Founder & MD/Operations)Previously a Managing Director at Engel & Völkers Commercial Berlin, Co-Founder & CEO at REO and for offmade.
Lennart J Christel
(Co-Founder & MB/BD)Previously Co-Founder & CEO at offmade, Member of the APX Accelerator and an Independent Sales Manager at NAGEL PROPERTIES GMBH.
Anton Levitsky
(CTo)Previously a Senior Backend Engineer and Technical Lead at offmade. Prior to that, they were a Full Stack Engineer at BS PayOne and 42com.