London-based RegTech Kamma has raised £3.6m as it looks to deliver Net Zero in UK homes and commercial properties.
The company sourced the investment in a funding round which was led by Clean Growth Fund, and also featured participation from previous backers in the shape of Triple Point and Pi Labs, and new support from Conduit EIS Impact Fund and Kiilto Ventures.
The cash injection is set to allow the firm to expand its market-leading property data engine that acquires, integrates, and calibrates thousands of property data points in order to deliver optimal routes to achieve Net Zero in the UK property sector – across both residential and commercial property.
Orla Shields, Chief Executive Officer and co-founder at Kamma, 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.”
Kamma combines its data collection and address-matching technology with analysis to provide the fastest routes to net zero. The RegTech’s data powers climate change solutions ranging from ESG risk management and reporting to retrofit optimisation solutions.
Clean Growth Fund (CGF) was set up in 2020 to invest in the UK’s most promising early stage “clean growth” technology companies. Kamma is CGF’s fourteenth investment in the UK clean-tech sector, and its third in the buildings/property sector.
Susannah McClintock, Investment Partner at Clean Growth Fund 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 contributing 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.”
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