Speedinvest leads €3.3M Pre-Seed round for Purpose, a German renewable energy startup

Berlin-based renewable energy startup Purpose has secured €3.3 million in its pre-seed funding round. Austrian VC firm Speedinvest is one of the lead investors along with Atlantic Labs.

About Purpose

• Purpose was founded by Okitonga Memba, Lucas Christel, and Lennart J. Christel. The company develops an end-to-end solution that creates a 3D digital twin, giving owners a complete overview of the energy status of their property. 
• The company helps transform properties and portfolios into sustainable assets, providing energy-efficient upgrades, green subsidies, and financing. The solution enables lasting value, reduced environmental impact, and peace of mind for property owners and asset managers.

“This milestone is an important day for the entire Purpose team, underlining our dedication to our mission of decarbonising the built world as the green partner to the real estate industry,”

Purpose team commented.

Speedinvest and Atlantic Labs

• Austrian VC firm Speedinvest led the round. It is one of Europe’s most active early-stage investors with more than €1 billion under management and 40+ investors based in Berlin, London, Munich, Paris, and Vienna. Its most recent deals include: Resourcify, Mercanis, and Sylvera.

“Europe’s building sector is in urgent need of innovative solutions as it strives to achieve climate neutrality. We have strong confidence in Purpose Green’s team and cannot wait to see them grow and expand their business operations in Germany and beyond. We are convinced that their platform will play a pivotal role in Europe’s energy transition and become the real estate industry’s preferred partner,”

Andreas Schwarzenbrunner, Partner in Speedinvest’s Climate Tech and Industrial Tech team, says.

• Atlantic Labs is another lead investor. It is a pan-European early-stage venture capital firm, headquartered in Berlin, Germany. The fund’s focus areas include climatetech, digital health, future of work, AI & data, mobility and logistics, industrial automation, fintech, and proptech.

Purpose is looking for talent

Thanks to the fresh capital, Purpose is planning to expand its team. Currently, the startup is looking for a new Working Student in Architecture near Berlin.