UK property data and analytics company, Kamma, has secured an investment of £3.6m to support the expansion of its net zero technology. The investment round was led by Clean Growth Fund, a UK clean tech venture capital fund, and included participation from Triple Point, Pi Labs, Conduit EIS Impact Fund, and Kiilto Ventures.
The funds raised will be allocated towards the growth of Kamma’s market-leading property data engine, which collects, integrates, and analyzes thousands of property data points to enable optimal strategies for achieving net zero in the UK property sector.
By leveraging advanced geospatial technology, Kamma utilizes data collection, address-matching technology, and insightful analysis to identify the most efficient routes to net zero. This approach allows the company to provide valuable support to clients in the property sector as they work towards challenging net zero goals.
Orla Shields, CEO and co-founder of Kamma, expressed delight in the backing of Clean Growth Fund and the other investors. She emphasized the significance of their support in the fight against climate change in the built environment, highlighting Clean Growth Fund’s reputation as a leading climate-tech investor in the country.
“The investment will enable Kamma to accelerate our progress and develop our services for the commercial property sector,” stated Shields. She emphasized the company’s readiness and capacity to assist clients in meeting their net zero objectives and become the driving force behind net zero initiatives.
Clean Growth Fund, established in 2020, focuses on investing in early stage clean growth technology companies in the UK. Kamma represents their 14th investment in the clean-tech sector and their third within the buildings/property industry.
Susannah McClintock, investment partner at Clean Growth Fund, expressed excitement about the potential impact Kamma can have on enabling net zero in the built environment. She acknowledged the company’s current contributions to the sector while emphasizing the untapped potential for further advancements.
McClintock expressed confidence in Kamma’s future success, stating that with Clean Growth Fund’s investment and active support, the company will make a significant contribution to the net zero challenge.
The UK property sector is responsible for a significant proportion of greenhouse gas emissions, accounting for approximately 25% of all emissions. Moreover, it is one of the slower sectors in the UK economy to decarbonize. However, Kamma’s data engine leverages multiple sources to provide accurate and up-to-date climate data, facilitating optimal net zero strategies.
Kamma’s work on retrofit optimization has garnered recognition, including funding from the Green Homes Finance Accelerator. The company’s approach stands out as it is the only tech firm in the UK to develop a comprehensive proposition for the entire market.
Overall, Kamma’s investment and expansion will play a vital role in driving the property sector towards achieving net zero goals and combating climate change.
