About PurposeEnergy
PurposeEnergy is a company based in Pelham (United States) founded in 2007 was acquired by Quinbrook in April 2023. PurposeEnergy has raised $4.32 million across 8 funding rounds from investors including Green Mountain Power, Renewable Energy Vermont and Clean Energy Venture Group. PurposeEnergy offers products and services including Tribrid-Bioreactor, Consulting Services, and Facilities Management. PurposeEnergy operates in a competitive market with competitors including Republic Services, Valet Living, Biffa, Casella and Paprec, among others.
- Headquarter Pelham, United States
- SectorsEnvironment
- Email••••••••
- Website purposeenergy.com
- Social LinkedIn X
- Acquired by Quinbrook (Apr 2023)
- Legal Name Purpose Energy, Llc
- Total Equity Funding$4.32M (USD)
in 8 rounds
- Latest Funding Round$404.31K (USD), Debt – Conventional
Apr 2018
- InvestorsGreen Mountain Power
& 4 more
- Acquired byQuinbrook
(Apr 2023)
Products & Services of PurposeEnergy
PurposeEnergy offers a comprehensive portfolio of products and services, including Tribrid-Bioreactor, Consulting Services, and Facilities Management.
High-efficiency system for processing organic waste in industrial environments
Expert advice on waste management and renewable energy strategies
Design and operation of waste processing systems for businesses
Funding Insights of PurposeEnergy
PurposeEnergy has successfully raised a total of $4.32M across 8 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $404.31 thousand completed in April 2018. 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 $4.32M
- Total Rounds 8
- Last Round Debt – Conventional — $404,311
- First Round $300,000
(Jan 2008)
- Investors Count 4
All 8 funding rounds of PurposeEnergy with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2018 | $404,311 | Debt – Conventional | – | – | – |
| Dec 2013 | $600,000 | Seed | – | – | – |
| Dec 2013 | – | Debt – Conventional | – | – | – |
| Feb 2012 | $652,000 | Seed | – | – | – |
| Aug 2011 | $750,000 | Seed | – | Green Mountain Power, Renewable Energy | – |
| Dec 2009 | $415,000 | Seed | – | – | – |
| Aug 2008 | $1.6M | Seed | – | – | |
| Jan 2008 | $300,000 | Seed | – | – |
5 investors in total: 5 institutional.
Investors in PurposeEnergy
PurposeEnergy has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include Green Mountain Power, Renewable Energy Vermont and Clean Energy Venture Group.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage climate tech startups are supported with seed capital. | – | cevg.com | - | |
Quinbrook is engaged in energy transition infrastructure investment. | – | quinbrook.com | New York, United States | |
Energy utility services focused on electricity distribution, resiliency initiatives, and community programs in Vermont. | – | greenmountainpower.com | - | |
Renewable energy advocacy and education are provided by this organization. | – | revermont.org | Montpelier, United States | |
- | – | preceptventures.com | - |
Investor details for PurposeEnergy
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of PurposeEnergy
15 people are tracked at PurposeEnergy (15 in leadership).
| Name | Role | Group |
|---|---|---|
Albert Morales | Chief Financial Officer | Leadership |
Eric Fitch | Founder & CEO | Leadership |
Mark Riley | Senior Vice President Business Development And Strategy | Leadership |
David O’Keefe | Chief Scientist | Leadership |
Charles T. Steenwyk | Vice President Of Business Development & Sales | Leadership |
Tim Heberlein | Chief Representative, Asia | Leadership |
Jason Bond | Vice President Operations | Leadership |
Katelyn Auclair | Director Of Human Resources | Leadership |
Erik Lallum | Chief Development Officer | Leadership |
Ben Bocher | Director Of Process Engineering | Leadership |
Hasper Alex Kuno | Director Of Partner Success | Leadership |
William White | Director; Construction Project Management | Leadership |
Zachary Zweifler | Director Of Project Development | Leadership |
Sean O'Neill | Vice President, Development & Offtake | Leadership |
Chip Dillon | VP, Construction | Leadership |
Complete people profiles for PurposeEnergy
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of PurposeEnergy
4 dated milestones of PurposeEnergy across 16 years, from founding to its latest funding, stage changes and deals.
- Founded PurposeEnergy is founded.
- Funding First funding round of $300K.
- Funding Latest funding round, Debt – Conventional, of $404K.
- Exit Acquired by Quinbrook.
Competitors of PurposeEnergy
PurposeEnergy 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 Republic Services, Valet Living, Biffa, Casella and Paprec, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| republicservices.com | 1998 | Phoenix, United States | – | 40,000 | Integrated waste management services are provided nationwide. | |
| valetliving.com | 1995 | Tampa, United States | $16.04M | 5,146 | Waste collection, recycling, and property management services are provided. | |
| biffa.co.uk | 1912 | Buckingham, United Kingdom | – | – | Horizontally integrated waste management services are provided across various processes. | |
| casella.com | 1975 | Rutland, United States | – | 2,445 | Waste management services are provided across the United States. | |
| paprec.com | 1994 | Paris, France | $1.01B | – | Horizontal integration is employed in recycling operations and services. | |
| renewi.com | 1880 | Milton Keynes, United Kingdom | – | 6,153 | Renewi is engaged in waste-to-product solutions and recycling services. | |
| gflenv.com | 2007 | Vaughan, Canada | $785.82M | 812 | Solid and liquid waste management services are provided to clients. |
Detailed competitors of PurposeEnergy
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of PurposeEnergy
Websites that share an audience with PurposeEnergy (purposeenergy.com).
Websites whose visitors overlap most with PurposeEnergy. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| brewbound.com | 100% | – | #494,903 | View details |
Latest news on Purposeenergy
Complete news archive for PurposeEnergy
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to PurposeEnergy
10 companies that operate in the same segment as PurposeEnergy (Waste & Water Management Systems), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Wastewater and energy management services are provided internationally. | 1853 | Aubervilliers, Seine-saint-denis, France | – | USD 52.17 B | 215,040 | |
Sustainable infrastructure solutions in renewable energy are developed and managed. | 1931 | Alcobendas, Comunidad De Madrid, Spain | – | USD 1.9 M | 44 | |
Provider of climate-smart deeptech solutions for renewable energy and sustainable agriculture | 2010 | Pune, Maharashtra, India | USD 76.38 M | USD 56.11 M | 702 | |
Waste collection and management services are provided nationwide. | 1968 | Houston, Texas, United States | – | USD 25.2 B | 61,700 | |
Integrated waste management services are provided nationwide. | 1998 | Phoenix, Arizona, United States | – | USD 16.59 B | 42,000 | |
Provider of smart water purifier rental and maintenance services | 2016 | Bengaluru, Karnataka, India | USD 19.29 M | USD 3.62 M | – | |
Sensor-based sorting and recycling solutions are provided for multiple industries. | 1972 | Asker, Viken, Norway | – | USD 1.53 B | 4,950 | |
Smart water dispensers with flavored options are provided for offices. | 2013 | Boston, Massachusetts, United States | USD 135.53 M | – | 102 | |
Surplus goods are shared among neighbors through a mobile app. | 2015 | London, England, United Kingdom | USD 51.2 M | – | – | |
Water and waste treatment services are provided worldwide. | 1966 | London, England, United Kingdom | – | USD 4.18 B | 9,750 |
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Frequently Asked Questions about PurposeEnergy
PurposeEnergy was founded in 2007 and raised its 1st funding round 1 year after it was founded.
PurposeEnergy is headquartered in Pelham, United States. It is registered at Pelham, New York, United States.
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 of $300K, raised on Jan 2008.
PurposeEnergy, led by Albert Morales as Chief Financial Officer, specializes in environment, waste water management, managing waste solutions, and horizontal. Provider of waste water treatment and filtration services. The team drives innovation, quality service, and sustainable practices to achieve excellence and client satisfaction.
PurposeEnergy's top competitors include Republic Services, GFL Environmental and Casella.
PurposeEnergy offers Tribrid-Bioreactor, Consulting Services, and Facilities Management.
PurposeEnergy has 5 investors. Key investors include Green Mountain Power, Renewable Energy Vermont, Clean Energy Venture Group, Preceptventures.com, and Quinbrook.
PurposeEnergy operates through Purpose Energy, Llc.
Yes. PurposeEnergy was acquired by Quinbrook in April 2023.