London’s LegalTech Orbital raises €50 million Series B to expand AI platform for real estate law
London's Orbital has secured a significant €50 million Series B funding round, underscoring the growing investment in AI-driven LegalTech solutions. This capital injection is earmarked for expanding its AI platform specifically designed for real estate law, aiming to enhance transparency and efficiency in a historically manual sector. The funding round, led by Brighton Park Capital, also saw participation from prominent investors including REV and The LegalTech Fund, signalling strong confidence in Orbital's innovative approach. Orbital's platform leverages AI to streamline the complex legal processes inherent in real estate transactions, a sector representing the world's largest asset class. The company's technology aims to address the slow and fragmented nature of traditional legal work in real estate, which has seen little innovation since the 19th century. By digitizing and automating these processes, Orbital facilitates more reliable transactions for all involved parties, from law firms to property developers. This substantial funding round for Orbital follows a trend of increased investment in European LegalTech, with multiple startups like Sweden's Legora, Switzerland's Ex Nunc Intelligence, Italy's Lexroom, Amsterdam's Saga, Denmark's Pandektes, and Madrid's iPnote also attracting significant capital. These investments collectively highlight a burgeoning European ecosystem focused on AI-powered legal solutions, with a particular emphasis on specialized, domain-specific platforms gaining traction beyond early-stage funding. The overall movement suggests a maturing market eager for digital transformation within the legal sector, fostering greater European digital sovereignty in specialized tech domains.
Curated and translated by Europe Digital for our multilingual European audience.
Source Information
European Alternatives You Might Like
Mangopay
Mangopay is a payment infrastructure provider specializing in payments for marketplaces and platforms. It offers virtual wallet technology for managing funds, enabling features such as split payments, multi-currency support, and KYC/AML compliance. Key functionalities include automated payouts, transaction monitoring, and customizable payment flows. This service is primarily aimed at businesses that manage marketplaces, crowdfunding platforms, and sharing economy models and require complex payment solutions. Mangopay distinguishes itself by offering a flexible and scalable payment solution specifically designed for platform-based business models, allowing them to control cash flows and streamline payment processes.
Scaleway
Scaleway is a European cloud computing provider offering a range of services, including servers, storage, and networking solutions. Key features include bare metal servers, virtual machines, object storage, and managed Kubernetes. It's suitable for developers, startups, and businesses seeking cloud infrastructure for web applications, data storage, and various other workloads. Scaleway distinguishes itself through competitive pricing and a focus on European data sovereignty, with data centers in France and the Netherlands.