Kamma, a UK property data and analytics business, secured a €4.2 million investment led by cleantech VC Clean Growth Fund. The investment will fuel the expansion of Kamma’s market-leading property data engine that acquires, integrates and calibrates thousands of property data points in order to deliver optimal routes to achieve Net Zero in the UK property sector – both residential and commercial property.
Alongside Clean Growth Fund, the other investors in the funding round are Triple Point and Pi Labs (both follow-on investors), plus Conduit EIS Impact Fund and Kiilto Ventures.
By using the very latest geospatial technology, Kamma combines data collection and address-matching technology with insightful analysis to articulate the fastest routes to net zero. Founded in 2015, Kamma’s data powers climate change solutions ranging from ESG risk management and reporting to retrofit optimisation solutions.
The UK property sector is the second largest source of greenhouse gas emissions in the UK, with buildings and construction responsible for around 25% of all emissions (ref: British Property Federation, October 2022). The property sector is also one of the slowest sectors in the UK economy to decarbonise, and the out-of-date and inaccurate nature of property data is an active barrier, leading to incorrect assessments and erroneous decisions. Kamma’s engine uses multiple sources to provide the most accurate and up-to-date climate data available, supporting optimal Net Zero strategies.
Chief Executive Officer and co-founder of Kamma Orla Shields said: “Everyone at Kamma is delighted that investors have chosen to back our company. At this crucial juncture in the Built Environment’s fight against climate change, it is particularly valuable to have the support of Clean Growth Fund, one of the leading climate-tech investors in the country. Their decision to invest is testament to the strength of both our technology, and the team that built it. Already ahead of the market, the investment will enable Kamma to move faster and in particular build our services for the commercial property sector. We are resourced and well-positioned to help our clients in the property sector to deliver against challenging Net Zero goals and to be the data behind Net Zero.”
Recently awarded Green Homes Finance Accelerator funding for its work on retrofit optimisation, Kamma is the only tech firm in the UK to develop a whole market proposition. It is also the first to be able to quantify the full emissions footprint of residential property that allows for individual retrofit requirements to be determined, supporting landlords, housing funds and providers, mortgage lenders and energy companies in the fight against climate change.
Susannah McClintock, Investment Partner at Clean Growth Fund, added: “With the property sector representing such a large proportion of UK and global emissions, we are excited and impressed by the contribution Kamma can make to enabling net zero in the built environment. Kamma’s technology is already making a contribution to the sector but there is undoubtedly scope and opportunity for Kamma to do so much more. With our investment and active support, we are confident that Orla and her team will build Kamma into a highly successful business, making an important contribution to the net zero challenge.”
Read the orginal article: https://www.eu-startups.com/2023/08/london-based-kamma-raises-e4-2-million-to-achieve-net-zero-in-uk-property-sector/
