The property data and analytics firm Kamma has secured £3.6 million worth of funding from the Clean Growth Fund (CGF).
The climate venture capital fund’s investment will help Kamma to expand the reach of its data engine, enabling it to gather information to help achieve net zero in the UK commercial and residential property sectors.
In addition to the funding from CGF, which was set up in 2020 to invest in the most promising “clean growth” companies, Kamma will also receive investments from follow-on investors Triple Point and Pilabs, with additional funding from Conduit EIS Impact and Kilot Ventures.
It comes after the firm, which is the first to be able to quantify the full emissions of residential property enabling retrofit requirements to be identified, was awarded funding from the Green Homes Finance Accelerator for retrofit optimisation.
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Kamma CEO and co-founder 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”.
Clean Growth Fund investment partner Susannah McClintock 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”.
“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.”
According to the British Property Federation, the UK property sector is the second largest source of greenhouse gas emissions, with buildings and construction responsible for around 25% of all emissions.
