UK start-up Conveyd has raised £2.5 million in seed funding for an artificial intelligence platform that handles large parts of the conveyancing process and aims to shorten the time it takes to buy a home.
The London-based company, founded by former Monzo and Thoughtworks engineers, is developing software that automates many of the administrative tasks in property transactions. The founders say this reduces the risk of housing chains collapsing and cuts the period between offer and completion.
The seed round was led by venture capital firm Eka Ventures. Portfolio Ventures also invested, alongside existing backer Founders Factory and several angel investors, including Passion Capital founder Eileen Burbidge, Sesame Bankhall Group chief executive Richard Harrison and fintech investor Mark Ransford.
Conveyd was launched by chief executive Manasi Kulkarni, a former engineering leader at Monzo and Thoughtworks, and Stephen Cowley, who previously held senior engineering roles at Thoughtworks. The pair set up the business after they experienced a six-month delay while buying their first home together, which they say nearly caused the transaction to collapse.
AI-led workflow
Conveyd's product combines a purpose-built AI system with specialist lawyers who oversee each case. The platform manages the conveyancing journey from onboarding the buyer through to preparing the case for completion. It also gives buyers a portal that shows the status of each step.
Buyers upload details of their transaction into the system. The platform then flags what further information is needed as the case progresses. The AI software runs a range of time-intensive tasks that are often handled through email and manual checks in traditional firms.
According to Conveyd, around half of the conveyancing workflow runs through its AI and automated systems. This covers identity checks, production of mortgage reports, requesting searches, compiling search reports, confirming that required documents are in place, and chasing third parties for outstanding actions.
The company says the software completes these steps up to 15 times faster than current methods. It argues that this reduces the need for buyers to spend time following multiple email threads or waiting for a case handler to move the file forward.
Human lawyers remain involved in every transaction. They focus on work that requires legal judgement, such as giving advice on specific queries, registering title deeds with HM Land Registry and handling money transfers. Conveyd says this division of tasks leaves lawyers with more time for complex issues while the AI handles repetitive work.
Shorter timelines
The start-up began handling live cases in March 2025. Since then it has processed hundreds of residential transactions, including standard purchases and remortgages.
Conveyd reports that purchase transactions on its platform currently complete in around six weeks on average. It says standard remortgaging cases are typically ready for completion in under a day. The firm compares the six-week purchase timeline with an industry average of about five months for UK buyers.
Industry data shows that more than a third of house sales in the UK fall through before completion. Many of those failures relate to delays in conveyancing or in obtaining information across a property chain.
Kulkarni said the founders drew on their own experience of the current process when designing the product. "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," said Kulkarni.
She said the company designed the system so that AI handles much of the early case work. "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. We're creating a completely new way of handling conveyancing - the impact we've had so far is just the tip of the iceberg," said Kulkarni.
Use of funds
Conveyd plans to invest the new capital in product development. The company intends to enhance its document processing engine so it can handle larger and more complex sets of legal papers within minutes.
The roadmap includes the introduction of AI agents that review purchase and remortgage files. Conveyd says it is targeting a review benchmark similar to that of a trainee solicitor. The system will then pass files to a human lawyer who gives final sign-off.
Jon Coker, General Partner at Eka Ventures, said the firm saw potential for technology-led services in consumer legal work.
"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. We are extremely excited to partner with them as their lead seed investor and look forward to working with them over the coming years."
Conveyd expects the expanded AI features and new agents to roll out across more purchase and remortgage cases as it scales its service in the UK market.
