Orbital Witness Raises £3.3M to Transform Real Estate Due Diligence with AI
Orbital Witness, a pioneering U.K.-based legaltech startup, has secured £3.3 million in seed funding to advance its AI-driven platform for property due diligence. The investment round was led by LocalGlobe and Outward VC, with participation from existing investors Seedcamp and JLL Spark. This brings the company’s total funding to £4.5 million.
A Vision for Universal Real Estate Risk Ratings
Founded in 2018, Orbital Witness is on a mission to create a “universal risk rating” for real estate—akin to a credit check for land and property. The startup’s AI-powered software is already being utilized by top-tier law firms, including four of the five prestigious “Magic Circle” firms.
Key Innovations:
- AI-Powered Due Diligence: The platform uses machine learning to automate the manual processes lawyers typically perform when reviewing property documents.
- Early Warning System: It scans sources like HM Land Registry and local authorities to flag potential risks, such as third-party rights or restrictive covenants, that could derail transactions.
- Contextual Risk Modeling: The system adapts to different stakeholders’ needs—whether it’s a developer assessing buildability or an investor evaluating rental income security.
Addressing a £4 Billion Market Pain Point
Real estate is the world’s largest asset class, yet the due diligence process remains archaic. Lawyers often spend weeks manually gathering data from disparate sources, delaying transactions for banks, investors, and homebuyers alike.
Will Pearce, Co-Founder and COO of Orbital Witness, explains:
“Anyone who’s bought a home knows the frustration of legal delays. In commercial real estate, these inefficiencies are even more pronounced. Our goal is to streamline this process with AI, saving time and reducing risk.”
Future Roadmap: Expanding Data Integration
Orbital Witness plans to enhance its platform by incorporating:
- Geographic data (e.g., flood risk assessments)
- Privately held documents (e.g., rights of light reports)
- Financial and public records (e.g., credit ratings)
This expansion will enable the startup to deliver a comprehensive risk rating system, revolutionizing how real estate transactions are evaluated and executed.
Why This Matters
By automating due diligence, Orbital Witness is poised to:
- Speed up transactions (reducing delays from weeks to days)
- Lower costs for law firms and clients
- Improve transparency in real estate investments
As the proptech and legaltech sectors converge, Orbital Witness stands at the forefront of innovation—bridging the gap between legacy systems and modern AI solutions.
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