Conveyd Raises £2.5m Seed to Automate UK Home Buying with AI Conveyancing

Conveyd, an AI conveyancing platform based in London, has raised £2.5m in seed funding led by Eka Ventures, with participation from Portfolio Ventures and existing backer Founders Factory. A group of angel investors also joined the round, including Eileen Burbidge, founder of Passion Capital; Richard Harrison, CEO of Sesame Bankhall Group; and fintech investor Mark Ransford. The capital will be used to develop Conveyd's technology further, including the rollout of AI agents capable of reviewing purchase and remortgage cases at a trainee-solicitor benchmark level.

The UK home-buying process is widely regarded as one of the most painful consumer experiences in the country. The average time from offer to completion stretches to around five months, with conveyancing delays cited as one of the primary causes of the more than one-third of house sales that fall through each year. Administrative bottlenecks — ID checks, mortgage reports, search requests, third-party chasing — consume the majority of a conveyancing firm's time and leave buyers in the dark about where their transaction stands, generating anxiety and, frequently, deal collapse.

Conveyd was founded by Manasi Kulkarni, formerly an engineering leader at Monzo and Thoughtworks, and Stephen Cowley, also a former Thoughtworks engineering leader. The pair experienced a six-month delay on their own first home purchase — one that nearly fell through — and built Conveyd to eliminate that experience for others. The platform combines purpose-built AI with specialist lawyers in a hybrid model: roughly half of the conveyancing process is handled autonomously by the AI, covering document collection, ID verification, mortgage report production, search ordering and third-party coordination, at up to 15 times the speed of traditional methods. The human lawyers on the platform focus on the aspects of the process requiring substantive legal judgment.

Since launching in March 2025, Conveyd has supported hundreds of residential property transactions across purchases and remortgages. The average purchase completes in six weeks on the platform — a 70% reduction versus the national five-month norm. Remortgages are typically ready for completion in under a day. These metrics speak to both product efficacy and a significant commercial opportunity: the UK conveyancing market processes hundreds of thousands of transactions annually, and even a modest share of that volume would represent meaningful revenue for a platform able to sustain these speed and quality benchmarks at scale.

The participation of Eka Ventures, a firm with a strong track record backing technology-enabled professional services businesses, provides Conveyd with both capital and strategic guidance as it scales its team of AI researchers and specialist lawyers. Founders Factory's continued involvement — the accelerator has a long history of supporting legal and property tech companies — adds further operational depth. Conveyd's roadmap includes ever more sophisticated AI agents capable of interpreting complex legal documents and surfacing nuanced advice for the human-in-the-loop lawyers, with the ultimate goal of delivering a conveyancing process that feels less like bureaucratic endurance and more like a consumer product.

Sources

• Soapbox VC – Conveyd seed round
• Eka Ventures – eka.ventures
• Conveyd – conveyd.co.uk