Series A19 May 2023

Orbital Witness secures £7.5m Series A funding led by Parker89 to expand into residential property.

Parker89 led the Series A financing to support the company's expansion into residential real estate.

£7.5MSeries A

Orbital Witness provides an artificial intelligence platform that streamlines property due diligence for legal and real estate professionals. The company aims to automate document review and accelerate real estate transactions.

Orbital Witness has raised £7.5m in a Series A funding round led by Parker89, with participation from several other backers including LocalGlobe and Seedcamp. The capital will be deployed to support the company as it expands its technology platform into the residential property market and grows its team. This financing follows a period of strong commercial traction for the firm, which has already processed tens of thousands of transactions for commercial real estate lawyers.

From the founder

"A lot of the legal due diligence involved in buying property hasn’t materially changed for 150 years. These processes are weighing down legal experts and burying them in a mountain of paperwork. This is also slowing down the process for buyers and making it more complicated than needed. We transform how property transactions are handled by providing an instant picture of key risks a lawyer needs to know about a property, so they can advise their client quickly and with maximum clarity."

Will Pearce

Co-founder at Orbital Witness

Investor perspective

"At Parker89, we find and invest in the teams and technologies that will usher in the future business models and working practices of a real estate transaction. Orbital Witness’ vision of automated diligence – combining risk-spotting AI with insurance to enhance efficiency in real estate transactions – fits perfectly into our investment strategy and aligns with the expertise and assets we can offer. We are excited to partner with Will, Ed, and the Orbital Witness team."

Paul Hurst

Managing Director, Parker89