Philippines-based Komunidad secured US $1 M funding to assist businesses in adapting to climate change effects
Komunidad, a Philippines-based supplier of environmental intelligence services, has raised $1 million in a preliminary funding round.
This round was headed by Wavemaker Partners, with ADB Ventures also participating.
According to a press release, this acquisition will open the way for Komunidad to expand further in the Philippines and throughout Asia.
“Our expansion in Asia will focus on the Philippines, India, and other emerging and developing countries where the risk index is higher. The investment will grow our collection of weather and environmental intelligence datasets and to develop a more robust and intelligent platform to be released by Q1 2022,” said founder Felix Ayque.
Komunidad, based in Singapore and the Philippines, began as a tropical cyclone email service in 2019. It eventually became a web-based platform for environmental intelligence.
Komunidad is a SaaS startup that promises to assist companies and communities in adapting to the effects of climate change. With a staff of meteorologists, data scientists, software engineers, and business development managers scattered around Southeast Asia and India, it concentrates on meteorological and environmental intelligence information services.
The company’s unique platform assists companies in environmentally sensitive sectors in making educated decisions about safety, operational efficiency, business continuity, and natural catastrophe preparedness. It helps users to “quickly organise” important meteorological and environmental data into visualisations, reports, and warnings that they can access through a dashboard and utilise to construct the most appropriate decision-making tools to support their operations.
In Southeast Asia and India, Komunidad presently serves clients in the utilities, agricultural, mining, education, business process outsourcing, and local government sectors.
“The Philippines, because of its geographic circumstances, is highly prone to natural disasters, such as earthquakes, volcanic eruptions, tropical cyclones, and floods, making it one of the most disaster-prone countries in the world,” Ayque said.
“I grew up in the southern part of the Philippines, where all these events happen annually. I have seen their impact on people’s lives and businesses. On top of that, the world around us is changing. Climate change is widespread, rapid, and intensifying, according to the latest studies. It will impact the way we live, work, and do business in the future, and many countries in Asia will be most affected,” Ayque explained.
Komunidad obtained contracts with local governments and enterprises in the utilities/energy, agricultural, mining, and business process outsourcing industries before closing the seed phase. Komunidad has received a contract for their impact-based weather monitoring and forecasting system in an Indian state.
