Martello Funding News-Uk Based Martello Raised £1.2 million To Launch AI Platform

The platform helps assess environmental and property risks during property purchases (conveyancing).

The funding round was led by Fuel Ventures, with support from several angel investors.

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Launched in early 2024, Martello makes the UK property due diligence process faster and smarter. It uses AI to analyse thousands of environmental data points in real time, highlighting risks such as flooding, land movement (subsidence), and pollution.

Currently, environmental checks are a legal part of almost every property deal in the UK. But most reports come as long, static PDFs that are hard to understand—especially for non-experts.

These reports are produced by a few older companies that haven’t updated their systems much in 20 years.

Martello takes a fresh approach, replacing PDFs with user-friendly dashboards and AI-driven insights. The startup is already working with top law firms to improve the platform based on their feedback.

As environmental risks become more important in property values and mortgage decisions, tools like Martello’s are in high demand. For example, over 5 million homes in England are at risk of flooding, according to the UK’s Environment Agency.

With climate change and stricter regulations, there’s a growing need for clearer, faster, and more accurate risk assessments.

“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 of Martello. “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.”

“We’re thrilled to back Martello at this early stage,” said Mark Pearson, Managing Partner at Fuel Ventures. “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.”

About Martello

Martello is a UK-based proptech company that focuses on property data and environmental searches. They provide on-demand digital environmental reports to make the reporting process faster and easier for conveyancers and others in real estate.