5 years ago

Orbital Witness Raises €3.64 Million to Improve Real Estate Risk Rating

  • Orbital Witness, a UK-based startup, has secured €3.64 million in seed funding led by LocalGlobe and Outward VC, with participation from previous investors Seedcamp and JLL Spark

  • The company aims to modernize and accelerate the legal due diligence process for real estate transactions by providing a platform to access and organize property information, facilitate quick document review, and flag risks automatically

  • Orbital Witness plans to use the funding to create a universal risk rating for property and land, similar to a credit check, to provide a high-level view of property risk to all parties.

      • ProblemReal Estate

      "Due diligence in commercial real estate is time-consuming, costly, and often causes delays due to the complexity of property information and risk assessment."

      Solution

      "Orbital Witness provides a legal risk assessment platform that uses machine learning to analyse property information, automate risk flagging, and provide a universal risk rating for commercial properties, streamlining due diligence for faster, more efficient transactions."

      Covered on