Net Zero - Lettings PropTech firm to provide energy efficiency data

Kamma - the PropTech firm which until now has been best known for monitoring rental sector licensing regimes - is now moving into the Net Zero arena.

It’s raised £3.6m to produce Net Zero information on the UK’s residential and commercial properties.

The investment will fund the expansion of Kamma’s data engine so it can “deliver optimal routes to achieve Net Zero in the UK property sector” including retrofitting options.

Kamma claims to be the first PropTech firm in the UK to quantify the full emissions footprint of residential property that allows for individual retrofit requirements to be determined.

Company’s chief executive Orla Shields says: “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. 

“…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.”

The British Property Federation says the UK property sector is the second largest source of greenhouse gas emissions in the UK, with buildings and construction responsible for around 25 per cent of all emissions. 

Kamma claims that the property sector is also one of the slowest sectors in the UK economy to decarbonise, and “the out-of-date and inaccurate nature of property data is an active barrier, leading to incorrect assessments and erroneous decisions.”