Clean Growth Fund have led Kamma’s Series A to support their market-leading property data engine, providing insights needed to deliver Net Zero for UK property. The UK clean tech venture capital fund, has led a £3.6m investment in Kamma alongside Conduit EIS Impact Fund and Kiilto Ventures with support from existing investors Triple Point and Pi Labs.
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. 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 The property sector is also one of the slowest sectors in the UK economy to decarbonise, and the out-of-date and inaccurate nature of property data is an active barrier, leading to incorrect assessments and erroneous decisions.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.
CEO, Orla Shields said: “Everyone at Kamma is delighted that Clean Growth Fund and the other 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 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.”
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