Conveyd has raised £2.5m to support its artificial intelligence (AI)-driven conveyancing platform, aiming to speed up homebuying in the UK.
The platform, which launched in March 2025, has already been used in hundreds of residential property transactions, including purchases and remortgages.
The company said average house buying transactions are now being completed in six weeks, which it said is 70% faster than the usual five-month wait for UK buyers.
Conveyd also reported that standard remortgage transactions are typically ready in under a day.
Conveyd’s system combines purpose-built AI with specialist lawyers to manage the whole conveyancing process.
Buyers upload their transaction details and the platform’s AI takes care of tasks like ID checks, producing mortgage reports, requesting searches, and chasing third parties.
According to the company, the AI completes these tasks 15 times faster than current methods, reducing the need for buyers to chase emails or wait for updates.
Additionally, the company said around half of the conveyancing process is automated, freeing up lawyers to focus on more complex issues, such as giving legal advice, registering title deeds, and handling money transfers.
Manasi Kulkarni (pictured, left), CEO and co-founder, said: “If you’ve ever bought a house in the UK, you’ll 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 – or even if – you’ll 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 – in a way that doesn’t make them want to tear their own hair out.”
Kulkarni added: “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’ve been trained to do: value-add legal work, not glorified admin.”
She said: “We’re creating a completely new way of handling conveyancing – the impact we’ve had so far is just the tip of the iceberg.”
Kukarni founded the company with Stephen Cowley (pictured, right) after experiencing a six-month delay in buying their own home.
The recent funding round was led by Eka Ventures, with Portfolio Ventures, Founders Factory and angel investors including Passion Capital founder Eileen Burbidge, Sesame Bankhall Group CEO Richard Harrison, and fintech investor Mark Ransford.
The company plans to use the new funds to improve its technology, including new AI features to review cases at a trainee-solicitor level, aiming to produce more accurate files for lawyers to review.
Jon Coker, general partner at Eka Ventures, said: “Good consumer legal advice is critical at life’s most important moments but it is typically expensive, confusing and slow.
“We believe technology, applied in the right way, has the opportunity to change this, giving people access to high quality advice when they most need it.
“When we met Manasi and Ste we realised they shared this view and had a unique drive and skill set that would enable them to deliver on their vision.”
Coker added: “We are extremely excited to partner with them as their lead seed investor and look forward to working with them over the coming years.”
