About Purpose
Purpose is a company based in New York (United States) founded in 2009 by David Madden and Jeremy Heimans was acquired by Capgemini in February 2020. It operates as a Donation / Grant-Based, and Impact-First Hybrid. Purpose has raised $3.94 million across 2 funding rounds from investors including Capgemini. The company has 30 employees as of April 03, 2024. Purpose offers products and services including Purpose Climate Lab, Verified, Global Development Campaigns Lab, Together For Play, and LIVE + BREATHE. Purpose operates in a competitive market with competitors including Cadmus, IPE Global, Dalberg, EcoRodovias and M-CRIL, among others.
- Headquarter New York, United States
- Employees 30 as on 03 Apr, 2024
- Founders David Madden, Jeremy Heimans
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Sectors
Business Services
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Email
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Phone
*********
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Website
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Social
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- Legal Name Purpose Global Pbc
- Date of Incorporation 23 Feb, 2018
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$1.94 M (USD)23.31as on Mar 31, 2022
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Net Profit
$309.48 K (USD)97.68as on Mar 31, 2022
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EBITDA
$431.33 K (USD)92.19as on Mar 31, 2022
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Total Equity Funding
$3.94 M (USD)
in 2 rounds
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Latest Funding Round
$1.44 M (USD), Seed
Mar 27, 2014
- Investors
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Employee Count
30
as on Apr 03, 2024
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Acquired by
Capgemini
(Feb 12, 2020)
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Products & Services of Purpose
Purpose offers a comprehensive portfolio of products and services, including Purpose Climate Lab, Verified, Global Development Campaigns Lab, Together For Play, and LIVE + BREATHE. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Climate campaigns are developed with a justice-focused approach.
Misinformation is countered through collaboration with United Nations.
Innovative campaigns are launched using extensive research insights.
Children's growth is supported through play-based learning initiatives.
Community-led movements are created to combat air pollution.
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Funding Insights of Purpose
Purpose has successfully raised a total of $3.94M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $1.44 million completed in March 2014. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $1.4M
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First Round
First Round
(12 Jan 2012)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2014 | Amount | Seed - Purpose | Valuation |
investors |
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| Jan, 2012 | Amount | Seed - Purpose | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Purpose
Purpose has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Capgemini. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Cloud management, business consulting, and IT outsourcing services are provided.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Purpose
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Purpose
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Purpose Comparisons
Competitors of Purpose
Purpose operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Cadmus, IPE Global, Dalberg, EcoRodovias and M-CRIL, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Management consulting services are provided to clients across sectors.
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Provider of international development consulting group tech assistance and solutions for equitable development
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| domain | founded_year | HQ Location |
Management consulting services, including strategic advisory and research, are provided.
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Highway concessions and transportation services are provided in Latin America.
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Financial ratings and credits for microfinance institutions are offered.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Purpose
Frequently Asked Questions about Purpose
When was Purpose founded?
Purpose was founded in 2009 and raised its 1st funding round 3 years after it was founded.
Where is Purpose located?
Purpose is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of Purpose?
Jeremy Heimans is the current CEO of Purpose. They have also founded this company.
Is Purpose a funded company?
Purpose is a funded company, having raised a total of $3.94M across 2 funding rounds to date. The company's 1st funding round was a Seed of $2.5M, raised on Jan 12, 2012.
How many employees does Purpose have?
As of Apr 03, 2024, the latest employee count at Purpose is 30.
What is the annual revenue of Purpose?
Annual revenue of Purpose is $1.94M as on Mar 31, 2022.
What does Purpose do?
Purpose is involved in driving global social impact by utilizing creative storytelling and campaigns to inspire change. Focus areas include climate justice, public health, education, and combating misinformation. Various labs and initiatives are operated to address issues like air pollution, child safety in digital spaces, and sexual health stigma. Collaboration with international organizations such as the United Nations is maintained to enhance campaign effectiveness across diverse sectors like environment, equity, and human rights.
Who are the top competitors of Purpose?
Purpose's top competitors include IPE Global, Dalberg and Cadmus.
What products or services does Purpose offer?
Purpose offers Purpose Climate Lab, Verified, Global Development Campaigns Lab, Together For Play, and LIVE + BREATHE.
Who are Purpose's investors?
Purpose has 1 investor. Key investors include Capgemini.
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