Conveyd, a new platform designed to speed up the process of buying a home, has raised a \u00a32.5M seed funding round. By automating key parts of the administrative conveyancing process, the technology aims to reduce the number of property chains that collapse and accelerate the time from offer to ownership.<\/p>\n\n\n\n
The company was co-founded by Manasi Kulkarni, a former engineering leader at Monzo and Thoughtworks, and Stephen Cowley, a former engineering leader at Thoughtworks. The founders were motivated to streamline the traditional, slow process after experiencing a six-month delay when purchasing their first home together, which almost caused the deal to fall through.<\/p>\n\n\n\n
Conveyd operates by combining purpose-built artificial intelligence (AI) with specialist lawyers to manage the entire end-to-end conveyancing journey, from initial home buyer onboarding to preparing the case for completion. <\/p>\n\n\n\n
The new funding will be used to enhance the technology further. This will involve developing an even more powerful platform capable of sorting and interpreting increasingly complex layers of legal documents in minutes. Future plans include the introduction of AI agents that can review re-mortgage and purchase cases at a trainee-solicitor benchmark level, delivering more accurate and review-ready files for expert human lawyers to review.<\/p>\n\n\n\n
Manasi Kulkarni, CEO and Co-Founder of Conveyd, said: \u201cIf you\u2019ve ever bought a house in the UK, you\u2019ll know exactly how painful the conveyancing process can be. Something that should take a matter of days can drag on for months, leaving you unsure when \u2013 or even if \u2013 you\u2019ll get the keys to your new home. These delays are completely avoidable. We built Conveyd to remove unnecessary back-and-forth, so home buyers get complete purchases in weeks rather than months \u2013 in a way that doesn\u2019t make them want to tear their own hair out. <\/p>\n\n\n\n
“Our AI platform can complete in minutes what a traditional conveyancer would spend weeks on. This AI-powered approach removes lengthy onboarding and waiting around for documents to be manually reviewed. And it means lawyers are free to focus on what they\u2019ve been trained to do: value-add legal work, not glorified admin. We\u2019re creating a completely new way of handling conveyancing \u2013 the impact we\u2019ve had so far is just the tip of the iceberg.\u201d<\/p>\n\n\n\n
Since launching in March 2025, Conveyd has supported hundreds of residential property transactions, including purchases and re-mortgages. House buying transactions are being completed with Conveyd in six weeks on average, which is a 70% reduction compared to the current UK average waiting time of five months. Standard re-mortgaging transactions are typically ready for completion in under a day. Industry data suggests more than a third of house sales fall through in the UK, with many disrupted by conveyancing delays.<\/p>\n\n\n\n
Image source: LinkedIn<\/p>\n","protected":false},"excerpt":{"rendered":"
Conveyd, a new platform designed to speed up the process of buying a home, has raised a \u00a32.5M seed funding round. By automating key parts of the administrative conveyancing process, the technology aims to reduce the number of property chains that collapse and accelerate the time from offer to ownership. The company was co-founded by […]<\/p>\n","protected":false},"author":6,"featured_media":2065,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,18,209],"tags":[119],"class_list":["post-2064","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ai","category-funding","category-investment","tag-london"],"yoast_head":"\n