Martello, an AI-powered platform reimagining how environmental and property risks are assessed during conveyancing, raised £1.2m in a funding round led by Fuel Ventures.
The round also includes participation from strategic angel investors with deep expertise in environmental searches and property law.
Martello is pioneering a smarter way to surface, analyse, and communicate critical environmental risks – such as flooding, subsidence, and contamination – that affect property transactions across the UK.
By using Martello’s deep data expertise to interrogate thousands of data points in real time, the platform dramatically improves the due diligence process for lawyers, and their buyers.
Founded by a team of data science and legal experts, Martello is on a mission to replace the ambiguous outputs, PDF-heavy reports used in environmental property searches with definitive answers, exceptional service, and interactive dashboards.
Martello have been on the market for 15 months now, and are releasing high quality reports at an unprecedented pace, working with some of the industry’s most respected law firms to iterate and gain feedback quickly.
“In my opinion, the foundations of Environmental searches haven’t changed in 20 years – and they’re often ambiguous and risk-prone,” said Dr Henry Crosby, co-founder and CEO.
“Martello is bringing much-needed clarity to an increasingly critical part of the conveyancing process. With this funding, we’re building a platform that helps everyone involved in a property transaction make faster, more informed decisions.”
Mark Pearson, managing partner at Fuel Ventures, added: “We’re thrilled to back Martello at this early stage. The founding team brings a unique combination of legal domain knowledge and technical innovation, and they’re tackling a problem that’s long overdue for disruption.
“With deep insight into the conveyancing process and strong backing from industry insiders, Martello is well positioned to become the new standard for environmental risk reporting in UK property.”