Komunidad
Location
Philippines
Sector
Social Protection
Type of Investment
Risk Capital
Project Stage
Length of Investment
2024+
Website
Investment Overview
Komunidad helps local governments, businesses and communities respond more effectively and efficiently to the urgent challenges of climate change. Its early warning systems and weather data analytics platforms support enterprises and governments to deploy their own decision-support tools, allowing them to become more climate-resilient.
The Development Challenge
The Philippines is one of the world’s most disaster-prone countries due to its location, physical geography and socio-economic conditions. On average, it experiences 20 tropical cyclones a year, as well as frequent flooding caused by extreme rainfall from typhoons. It is also vulnerable to volcanic eruptions, earthquakes, landslides, tsunamis and heat waves. Due to the adverse impacts of climate change, the Philippines is experiencing these natural disasters with greater frequency and intensity than ever before. It is difficult for the country to respond to these climate challenges because it lacks access to localised data, simple decision-support tools and cost-effective resilience solutions.
The Innovation
Komunidad offers three key products: first, a Software as a Service (SaaS) product designed for public sector clients which monitors hazards, and provides forecasts and an early warning system, delivered via web and mobile software. Secondly, a product targeted at private clients provides access to accurate weather and environmental data intelligence. Finally, an advanced, AI-driven mobile application informs users of potential environmental risks. Crucially, the app is capable of sending early warning messages in bulk, ensuring that communities can be alerted promptly to impending climate threats.
Our Investment
GIF has provided Komunidad with a $500,000 USD credit facility to help the company help the government deliver on its disaster preparedness strategy. With GIF funding, the company’s revenue is projected to have a Compound Annual Growth Rate of 52% from 2023 to 2026. By enabling Komunidad to fulfil its growth potential, GIF’s investment will help to maximise reach to target beneficiaries.
Komunidad in numbers
GIF Investment
Of the Phillipines' GDP could be lost annually by 2100 without proper climate disaster management
Lives claimed by climate disasters in the Philippines since 2010
Innovating for Climate Resilience
Komunidad’s innovation boosts climate resilience by helping governments become more resilient as the Philippines experiences a growing number of climate disasters caused by climate change. This is done in the following ways:
Reducing the number of deaths due to climate disasters and extreme weather.
Reducing the number of people who fall into poverty due to loss in income or increase costs due to climate disasters and extreme weather.
Equipping the government to make data-driven decisions that guide its emergency response decision-making.