AI-driven property risk platform Martello secures £1.2m to modernise conveyancing
Summary
Martello, a UK-based property data intelligence company, is rethinking the way environmental and location-based risks are assessed in property transactions, using AI to bring greater clarity and speed to the conveyancing process.The company has raised \xa31.2m in a funding round led by Fuel Ventures, with additional backing from strategic angel investors with deep knowledge of environmental searches and property law.Martello offers a platform that uses artificial intelligence and real-time data analysis to assess risks such as flooding, subsidence, and land contamination. These factors can have a significant impact on property transactions, and Martello aims to improve how this information is delivered to legal professionals and homebuyers.Over the past 15 months, Martello has been working with some of the UKs leading law firms to refine its solution, rapidly releasing high-quality reports and integrating user feedback to enhance the platforms effectiveness.Martello CEO and co-founder Dr Henry Crosby said, In my opinion, the foundations of Environmental searches havent changed in 20 yearsand theyre often ambiguous, ,, and risk-prone. Martello is bringing much-needed clarity to an increasingly critical part of the conveyancing process. With this funding, were building a platform that helps everyone involved in a property transaction make faster, more informed decisions.Fuel Ventures managing partner Mark Pearson said, Were thrilled to back Martello at this early stage. The founding team brings a unique combination of legal domain knowledge and technical innovation, and theyre tackling a problem thats long overdue for disruption.