Kamma, a property data and analytics firm, has secured £3.6m in funding which will facilitate the expansion of Kamma’s property data platform that acquires, integrates, and calibrates thousands of property data points to offer insight into how commercial and residential properties can effectively transition towards achieving net zero emissions.
The UK property sector, as reported by the British Property Federation, stands as the second-largest contributor to greenhouse gas emissions in the country, with buildings and construction accounting for approximately a quarter of all emissions. Kamma highlighted that the property sector is one of the slowest sectors in the UK to decarbonise, with the often out-of-date and inaccurate nature of property-related data being one of the main barriers to effective decarbonisation.
Kamma’s solution aims to bridge this data gap by employing geospatial technology, data collection, address-matching technology, and analytical capabilities to identify optimal emissions reduction strategies for diverse property assets.
Orla Shields, chief executive officer and co-founder at the company, welcomed the news of the Clean Growth Fund’s investment in the platform.
“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,” she added. “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.”
The Clean Growth Fund was originally launched in 2020 to invest in the UK’s most promising early stage clean growth technologies. Its investment in Kamma is its 14th investment in the UK clean tech sector, and its third in the property sector.
Susannah McClintock, investment partner at Clean Growth Fund, said the fund was “excited and impressed by the contribution Kamma can make to enabling net zero in the built environment”.
“Kamma’s technology is already contributing to the sector but there is undoubtedly scope and opportunity for Kamma to do so much more,” she added. “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.”