Orbital, the AI platform for real estate law, has raised $60m to support its continued growth.
Co-founded in the UK by Will Pearce and Ed Boulle in 2018, it supports 200,000 residential and commercial real estate transactions annually for more than 5,000 property professionals, with offices in London and New York serving the UK and US markets.
According to the company, which was founded in the UK in 2018, the funding will “support expansion…and accelerate product investment to build a single, secure workspace for real estate legal work”.
The Series B funding round was led by growth fund Brighton Park Capital (BPC).
Orbital’s technology is designed to meet the “deeply specific” demands of real estate legal work, a practice area which the company says is “materially underserved by the broader AI landscape”.
According to the ‘legaltech meets proptech’ company, by combining AI optimised for real estate law with spatial visualisation, mapping and real estate data, Orbital automates real estate legal work and enables transactions to progress faster.
Orbital claims this will replace manual, ‘document-heavy’ review with a fully automated AI-driven real estate legal processes, “introducing speed and transparency”.
Will Pearce, CEO and co-founder said:
“Real estate is, by far the world’s largest asset class. Yet the legal work that underpins it remains slow, fragmented and largely manual: opaque work that in many cases hasn’t meaningfully changed since the 19th century.
“Orbital is changing that with AI purpose-built for real estate, making transactions more transparent and reliable for all parties.”
Kevin Magan, partner at New York-based Brighton Park Capital, who will be joining the board, said:
“We recognised immediately that Orbital is targeting a critical gap in the legal AI sector. Real estate law is one of the most complex legal markets globally, yet it has remained dramatically under-automated.
“Orbital’s focus on accuracy, real estate domain expertise, and real-world workflows positions them to define a new category in legal automation. We are incredibly excited to partner with Orbital in this next stage of growth.”
