Funds for Property Data Firm Kamma

London-based property data and analytics business Kamma has raised £3.6m in an investment round led by Clean Growth Fund, the UK's clean tech venture capital fund - and will use the money to expand and enhance its data engine.

Kamma's software acquires, integrates and calibrates thousands of property data points to help the push for Net Zero in the UK's residential and commercial property sectors: its data powers climate change solutions ranging from ESG risk management and reporting to retrofit optimisation solutions. The company says it is the first to be able to quantify the full emissions footprint of residential property, allowing for individual retrofit requirements to be determined and supporting parties throughout the chain in the fight against climate change.

Follow-on investors Triple Point and Pi Labs also joined the round, as did Conduit EIS Impact Fund and Kiilto Ventures.

The UK property sector is the country's second largest source of greenhouse gas emissions, with buildings and construction responsible for around 25% of all emissions - it has also been slow to decarbonise, according to Kamma, with outdated information 'an active barrier, leading to incorrect assessments and erroneous decisions'.

Kamma CEO & co-founder Orla Shields says of the news: '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'.

Clean Growth Fund Partner Susannah McClintock comments: '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... 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'.

Web sites: www.kammadata.com and www.cleangrowthfund.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.