Venture Capital: UK-Based PropTech Kamma Raises $4.6M For Decarbonizing Real Estate
Kamma aims to expand its data solutions in support of the property industry’s climate goals.
UK property data and analytics company, Kamma, has secured a £3.6 million ($4.6 million) investment led by the Clean Growth Fund to further develop its property data engine. The engine utilizes advanced geospatial technology to gather and process property data, enabling the formulation of efficient strategies for achieving Net Zero in the UK property sector, encompassing both residential and commercial properties.
Kamma’s technology combines data collection, address-matching technology, and analysis to identify the fastest paths to Net Zero. The company’s services span climate change solutions such as ESG risk management, reporting, and retrofit optimization solutions.
The UK property sector is a significant contributor to greenhouse gas emissions, accounting for around 25% of total emissions due to buildings and construction. However, the property sector has been slow in its transition to decarbonization, partly due to outdated and inaccurate property data. Kamma’s property data engine seeks to rectify this by aggregating data from multiple sources to offer accurate and up-to-date climate data, facilitating optimal Net Zero strategies.
This funding will empower Kamma to expand its services in the commercial property sector. The company has been recognized for its efforts in retrofit optimization, securing Green Homes Finance Accelerator funding.
Kamma distinguishes itself by offering a comprehensive market proposition and the ability to quantify the emissions footprint of residential properties, thus aiding various stakeholders including landlords, housing funds, mortgage lenders, and energy companies in their climate change initiatives.
Clean Growth Fund, established in 2020, invests in promising early-stage clean growth technology companies, with a focus on carbon emission reductions in sectors like power, energy, transport, and waste. The fund’s investment in Kamma, its third in the buildings/property sector, reflects its commitment to addressing emissions associated with the property industry.
Related Story: Fifth Wall VC Raises $500M To Decarbonize Real Estate
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