The Komunidad team
Komunidad, a provider of environmental intelligence services in the Philippines, has attracted US$1 million in a seed financing round.
Wavemaker Partners led this round, which also saw participation from ADB Ventures.
As per a press statement, this transaction will pave the way for Komunidad’s further expansion in the Philippines and the rest of 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 be used to 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.
Founded in 2019 and located in Singapore and the Philippines, Komunidad started as a tropical cyclone email service. It later evolved into a web-based environmental intelligence platform.
A SaaS company, Komunidad aims to help businesses and communities adapt to the consequences of climate change. It focuses on weather and environmental intelligence information services, with a team of meteorologists, data scientists, software developers and business development managers spread across Southeast Asia and India.
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The startup’s proprietary platform helps environment-critical industries make informed decisions regarding safety, operational efficiency, business continuity, and natural disaster preparedness. It allows relevant weather and environmental data “to be quickly organised” into visualisations, reports and alerts that users can access via a dashboard and use to build the most suitable decision-making tools to support their operations.
Komunidad currently provides services for clients in the utilities, agriculture, mining, education, business process outsourcing, and local government sectors in Southeast Asia and India.
“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.
Before closing the seed round, Komunidad won contracts with local governments and companies in the utilities/energy, agriculture, mining, and business process outsourcing industries. Most recently, Komunidad won a contract in an Indian State for its impact-based weather monitoring and forecasting system.
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Image Credit: Komunidad
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