Conveyd, an AI conveyancing platform, has raised a £2.5m seed round to dramatically speed up the process of buying a home. By automating critical parts of the admin-heavy conveyancing process and putting home buyers in the driving seat, the technology promises to reduce the number of property chains collapsing and get people from offer to ownership in record time.
The round was led by Eka Ventures and joined by Portfolio Ventures, alongside existing investors Founders Factory and Angels including: Passion Capital Founder, Eileen Burbidge; CEO of Sesame Bankhall Group, Richard Harrison, and fintech investor, Mark Ransford.
The company was founded by Manasi Kulkarni, a former engineering leader at Monzo & Thoughtworks, and Stephen Cowley, former engineering leader at Thoughtworks. After a gruelling six-month delay when purchasing their first home together - which nearly saw the whole deal fall through - they set out to streamline the archaic process and eliminate costly delays for other buyers.
Conveyd combines purpose-built AI with specialist lawyers to handle the full end-to-end conveyancing journey - from onboarding the home buyer, to preparing the case for completion. Conveyd’s platform gives home buyers control and oversight of the entire conveyancing process. After uploading key details about their transaction and being advised by the platform on what additional information is required, the AI automatically powers through a range of time-intensive administrative tasks in minutes that can take time-strapped conveyancing firms weeks.
Around 50% of the conveyancing process is handled by the platform's purpose-built AI and automated systems. This includes ID checks, producing mortgage reports, requesting searches, producing search reports, ensuring essential documents are in place, and chasing third-parties on outstanding actions. The AI can complete these tasks 15x faster than current methods, meaning home buyers don’t lose hours chasing up multiple email chains or waiting weeks for the next step in the process to start.
Automating this admin also means the "human-in-the-loop" lawyers allocated to the transaction are free to focus on areas that require more complex legal reasoning, such as providing legal advice on specific queries, registering title deeds with the land registry, and handling money transfers. This combination of lawyers-in-the-loop and cutting-edge technology allows home buyers to benefit from the speed of AI without losing the experience and assurance legal experts bring.
Since launching in March 2025, Conveyd has supported hundreds of residential property transactions - from purchases to re-mortgages. House buying transactions are being completed with Conveyd in 6 weeks on average, with standard remortgaging transactions typically ready for completion in under a day. This 6-week timeline is a 70% reduction compared to the average waiting time of 5 months that UK households currently face. More than a third of house sales fall through in the UK, with many disrupted by conveyancing delays.
This funding will be used to further develop the technology, building an even more powerful platform: enabling the sieving and interpretation of increasingly complex layers of legal documents in minutes. This will include the roll-out of AI agents that can review remortgage and purchase cases at a trainee-solicitor benchmark level, delivering more accurate and review-ready files for an expert human lawyer to review.
