The UK firm combines data collection and address-matching technology with analysis to provide the fastest routes to net zero
UK-based Kamma, a property data firm that powers climate change solutions, has raised £3.6 million to expand its data engine for commercial and residential markets. The funding round was led by Clean Growth Fund and includes previous backers Triple Point and Pi Labs, and new support from Conduit EIS Impact Fund and Kiilto Ventures. The fresh funding will allow Kamma to expand its data engine which serves both the residential and commercial property markets in the UK.
The property data and analytics firm combines its data collection and address-matching technology with analysis to provide the fastest routes to net zero. Kamma’s data powers climate change solutions ranging from ESG risk management and reporting to retrofit optimisation solutions. According to the firm, its data engine “acquires, integrates, and calibrates thousands of property data points” covering safety and climate requirements. Tools offered by Kamma include a compliance checker, report generator and licence application service.
Co-founded by chief executive Orla Shields, the idea behind Kamma is to provide assurance that buildings are safe and “exceed the highest environmental standards” to prospective tenants. Located in London, Kamma said its platform has covered 36 million properties and over 4,000 users. It is used by various property-related businesses such as mortgage lenders, letting agents and surveyors.
Susannah McClintock, investment partner, Clean Growth Fund said: “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.” She added, “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.”
Said Orla Shields, CEO and co-founder of Kamma, “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.” Shields said the latest raise “will enable Kamma to move faster and build our services for the commercial property sector”.
The proptech previously secured £1.6m in 2020, led by Triple Point.
