Kamma, a RegTech platform for property licensing, has reportedly netted £1.6m in its funding round.
The capital injection was led by Triple Point, with contributions also coming from Pi Labs and M7 Structura, according to a report from UKTN.
Funds from the round will be used to deepen its global search engine for local legislation, whilst supporting its goal of improving property law in the UK.
Kamma has designed software that simplifies the property licensing process, reducing burdens for letting agents, mortgage providers, local authorities, conveyancers, surveyors, landlords and receivers.
Its data platform continuously seeks changes to property licensing and gathers any related information into a single location. Data is mapped and reconciled to determine compliance requirements, with priorities ratings given to help teams improve their roadmaps and workloads.
Kamma CEO and co-founder Orla Shields told UKTN, “Our vision is for a world unencumbered by disparate information, and our property licensing product is a clear example of how we help businesses stay compliant, save time, save money while raising housing standards at the same time.
“Through our product we can assess all licensing needs, drawing information from multiple sources and presenting it as usable data on one platform. Our guiding principle is to make renting safer for everyone and with more people working from home, and a correlation between housing overcrowding and the faster spread of COVID-19, property compliance is of huge importance.
With the close of the round, the company has raised a total of £2.2m in funding.
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