Kora

What Kora does

Kora is a Riga, Latvia-based climate technology company founded in 2018 that operates a dual-product sustainability platform. The Kora App serves individual consumers with automatic trip detection, real-time CO2 recording, and a proprietary KORA currency rewards system (1 KORA earned per 100g of CO2 avoided, redeemable for sustainable product discounts). Kora Konnekt serves organizations with automated Scope 3 emissions analysis, CSRD-compliant ESG reporting for UK/EU regulatory requirements, GDPR-compliant data handling, and employee engagement in carbon reduction initiatives.

The platform is built on Tezos blockchain with Cyber Upgrade cybersecurity enhancements, and includes features such as smart trip detection, anonymous data aggregation, calendar integration, real-time CO2 recording, and seamless carbon tool integration. The technical architecture emphasizes automated, privacy-focused emissions tracking across both consumer and enterprise use cases.

Kora operates a hybrid B2C/B2B business model with three revenue streams: (1) transaction fees on KORA currency redemptions in a sustainable product marketplace, (2) subscription-based recurring revenue from organizational Kora Konnekt subscriptions, and (3) marketplace commissions on sustainable product sales. Distribution is dual-channel: product-led self-serve onboarding for individual app users and enterprise direct sales (demo-based) for organizational clients. The company has 1-10 employees, one confirmed funding round of $880,000 (December 2019), and one publicly named enterprise customer (RPG Crouch Chapman).

Name

Kora

Legal name

KORA

Website

https://kora.app

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

1–10 employees

Short description

Kora is a Latvia-based climate tech company operating a dual-product platform — the Kora App for individual carbon tracking and Kora Konnekt for enterprise Scope 3 emissions reporting and CSRD compliance — using a Tezos blockchain-backed KORA currency rewards system.

Ownership category

akta.pro rank

Product category

Sustainability / ESG Software

NAICS

Software Publishers (5132)

SIC

Services-Prepackaged Software (7372)

akta.pro primary industry

Governance, Risk & Compliance (GRC) Platforms (BPAEAPAA)

akta.pro secondary industry

Sustainability & ESG Consulting (BPAHACAK)

Keywords

• Carbon footprint tracking
• ESG reporting software
• Scope 3 emissions
• Sustainability rewards
• Climate action platform

Headquarters

HQ city

Riga

HQ country

Latvia

HQ region

Europe

Markets served

GTM type

B2B and B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. KORA Currency System: Users earn KORA tokens (1 KORA per 100g CO2 avoided) which can be spent on sustainable product discounts. Each KORA spent creates a carbon neutral at point of sale event, generating revenue through partnerships with sustainable brands and potentially taking a commission on transactions.
2. Organization Subscriptions (Kora Konnekt): Organizations pay for access to the Kora Konnekt platform for employee emissions management, CSRD-compliant reporting, and Scope 3 emissions analysis.
3. Sustainable Product Marketplace: Revenue generated through discounts on sustainable products when KORA currency is redeemed, creating a marketplace commission or transaction fee model.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Kora operates a dual-product sustainability platform. The Kora App is a mobile application for individuals that automatically records sustainable trips, measures personal CO2 footprint, and rewards users with KORA currency for carbon avoidance. Kora Konnekt is an enterprise platform that enables organizations to measure, analyze, and decarbonize Scope 3 emissions, with CSRD-compliant ESG reporting, anonymous employee emissions aggregation, and team engagement tools.

Product overview

Kora offers a dual-product sustainability platform consisting of the Kora App for individual consumers and Kora Konnekt for organizations. Both products share a common rewards infrastructure centered on the KORA currency, which gamifies carbon reduction by converting avoided CO2 emissions into redeemable tokens. The Kora App enables individuals to automatically track their carbon footprint through smart trip detection and earn rewards for sustainable choices, while Kora Konnekt provides enterprises with automated Scope 3 emissions measurement, CSRD-compliant reporting, and team collaboration features. The platform leverages Tezos blockchain for security and integrates carbon tracking, real-time analytics, and employee engagement tools across both offerings.

Differentiator

Problem solved

Functional benefit

Brands

• Kora Konnekt: A platform for organizations to analyze and decarbonize Scope 3 emissions with automated CO2 recording, real-time carbon tracking, CSRD-compliant ESG reporting, and employee engagement in carbon reduction.

Products and services

• Kora App A mobile application for individual consumers that automatically records sustainable trips via smart trip detection, measures real-time CO2 footprint, and rewards users with KORA currency (1 KORA per 100g CO2 avoided) redeemable for sustainable product discounts.
• Kora Konnekt An enterprise SaaS platform that enables organizations to measure, analyze, and reduce Scope 3 emissions via automated CO2 recording, anonymous employee data aggregation, real-time sustainability data, CSRD-compliant ESG reporting, and team sync for sustainability programs.

Quantifiable outcome

• 1 KORA earned per 100g of CO2 avoided
• +1 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature8 records

Scale indicators1 record

Recent moves6 records

Expansion highlights5 records

Direct peers

• Sweep: ESG and carbon data management platform with strong CSRD reporting workflows. Comparable enterprise value proposition to Kora Konnekt for sustainability teams.
• Plan A: CSRD-compliant carbon accounting and decarbonization platform for enterprises. Directly competes for the same EU CSRD buyer that Kora Konnekt targets.
• Greenly: SMB and mid-market carbon accounting platform with CSRD-ready outputs. Direct overlap with Kora Konnekt on automated emissions tracking for non-enterprise organizations.
• Patch: Carbon credit API/marketplace that also operates a consumer-facing climate app. Comparable two-sided model (consumers + businesses) and overlap with Kora's individual-to-enterprise sustainability stack.
• Watershed: Enterprise carbon accounting platform with deep Scope 3 coverage and audit-ready disclosures. Most direct large-scale competitor for Kora Konnekt in the CSRD/Sustainability-reporting category.
• Persefoni: Enterprise carbon accounting SaaS offering Scope 1-3 measurement and CSRD-aligned reporting. Directly competes with Kora Konnekt for the same corporate sustainability buyer and regulatory use case.
• Joro: Consumer personal carbon footprint tracking app with action recommendations. Direct competitor to the Kora App in the individual carbon-tracking consumer category.
• Klima: Consumer climate action app pairing footprint estimation with offset marketplace. Closest peer to Kora App on the gamified consumer-climate-engagement model.

Broad incumbents

• Salesforce Net Zero Cloud: Enterprise sustainability suite embedded in the Salesforce platform, offering carbon accounting and ESG reporting as part of a much broader CRM/cloud portfolio. Competes for the same CSRD buyer as Kora Konnekt but with vastly broader distribution.
• Microsoft Sustainability Manager: Sustainability/carbon reporting module within the Microsoft Cloud aimed at enterprises needing integrated ESG data on Azure. Broader incumbent alternative to dedicated platforms like Kora Konnekt.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/KoraSustainable

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Kora