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Orbital Witness

We are using satellite imagery to build the best real estate intelligence platform for lawyers.

SEIS

Location
GB Didcot, United Kingdom
www.orbitalwitness.com

Categories: Data & Analytics Digital B2B

Investment
sought:
£50,004
Equity
offered:
7.00%
Funded 22 Dec 2017
Investment
amount:
£57,775
Valuation
(pre-money):
£664,302

Idea

Introduction

Orbital Witness is looking for investors to bring its concept developed during MDR LAB to life. We are a "SpaceTech meets LegalTech meets PropTech" startup seeking funding to help us deliver a market-ready product in Q1 2018, offering key features validated through working alongside Mishcon de Reya's real estate department.

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Orbital Witness is using high-resolution historical satellite imagery to provide a new perspective for due diligence in real estate. Our product will provide lawyers with unprecedented access to satellite imagery archives digitally overlaid with critical information about properties, including title, boundary and planning data. This will help lawyers work more efficiently with complex information and spot risks earlier into a deal before the client incurs further transactional costs, ensuring a better client service and improved margins for law firms. Orbital Witness plans to deploy computer vision techniques to automatically flag potential risks to users, reducing the scope for human error and allowing lawyers to focus their time on providing strategic advice to clients.

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Orbital Witness was selected from more than 100 applicants to take part in Mishcon de Reya's MDR LAB LegalTech incubator, where they worked closely with the real estate department to validate their concept and define user requirements. Since then, the company has gone from strength to strength, being selected by the Land Registry and Ordnance Survey as one of just 3 PropTech startups to take part in their Geovation programme, and winning an international challenge of more than 130 startups to be selected by Airbus as the most promising startup using satellite imagery.

Orbital Witness is currently in product build mode, and, with several large law firms already booked in for trials, should be ready to start giving demos of their product in the new year. We intend to use all funding raised in this pre-seed round for product development.

Please note: this is a private campaign made available to a certain select group of investors known to Orbital Witness. As such, limited information is being provided. You can request additional information from the company, but please note that any information outside of this campaign has not been reviewed or verified by Seedrs.

Learn more about Orbital Witness here:
https://www.youtube.com/watch?v=kWl2YQMQFRc

To access the Orbital Witness team biographies, including current ownership

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Investing carries risks, including loss of capital and illiquidity. Please read our Risk Warning before investing.

Investing involves risks, including loss of capital, illiquidity, lack of dividends and dilution, and should be done only as part of a diversified portfolio. Please read the Risk Warnings before investing. Investments should only be made by investors who understand these risks. Tax treatment depends on individual circumstances and is subject to change in future.

This webpage has been approved as a financial promotion by Seedrs Limited ("Seedrs"), which is authorised and regulated by the Financial Conduct Authority. It is not intended to be a promotion of any individual investment opportunity and is not an offer to the public. The summary information provided about investment opportunities on this webpage is intended solely to demonstrate the types of investments available on the Seedrs platform, and any investment decision should be made on the basis of the full campaign. Full campaigns are available to investors who have become authorised to invest on the Seedrs platform. All investment activities take place within the United Kingdom, and any person resident outside the United Kingdom should ensure that they are not subject to any local regulations before investing.

Seedrs does not make investment recommendations to you. No communications from Seedrs, through this website or any other medium, should be construed as an investment recommendation. Further, nothing on this website shall be considered an offer to sell, or a solicitation of an offer to buy, any security to any person in any jurisdiction to whom or in which such offer, solicitation or sale is unlawful. Seedrs does not provide legal, financial or tax advice of any kind. If you have any questions with respect to legal, financial or tax matters relevant to your interactions with Seedrs, you should consult a professional adviser.

This business is eligible for SEIS relief - providing qualifying investors with income tax relief of 50% of their investment and certain other tax reliefs. Tax treatment depends on individual circumstances and is subject to change in future. Click to learn more.
This business is eligible for EIS relief - providing qualifying investors with income tax relief of 30% of their investment and certain other tax reliefs. Tax treatment depends on individual circumstances and is subject to change in future. Click to learn more.