Legaltech startup Orbital Witness scores ?3.3M to create a universal risk rating for real estate

Orbital Witness, a U.K.-based legaltech startup developing AI-powered software to transform the ?4 billion U.K. property due diligence market, has raised ?3.3 million in seed funding.
The round is led by LocalGlobe and Outward VC, with participation from previous investors, including Seedcamp and JLL Spark. It brings Orbital Witnesss total funding to ?4.5 million.
Launched with its first customer in September 2018 and now used by numerous large law firms, including four of the five so-called Magic Circle firms, Orbital Witness long-term vision is to build a universal risk rating for real estate. Think of a credit risk check for land and property, Orbital Witness co-founder and COO Will Pearce tells me.
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