Buying a home in the UK is often a test of patience. Transactions take an average of five months to complete, and more than one in three deals falls apart before the keys change hands. Launched in March 2025, Conveyd’s platform handles hundreds of property transactions, cutting the average completion time to just six weeks, 70% faster than the national average.
Today, Conveyd has secured £2.5 million in seed funding to accelerate home purchases by automating key parts of the conveyancing process. The round was led by Eka Ventures, with backing from Portfolio Ventures, Founders Factory, and well-known angels including Eileen Burbidge of Passion Capital, Richard Harrison of Sesame Bankhall Group, and fintech investor Mark Ransford.
The investment will help Conveyd expand its technology and scale its platform to enable a faster, more predictable transition from offer to ownership.
Making home buying transparent, fast and fair
Manasi Kulkarni and Stephen Cowley founded Conveyd, both former engineering leaders at Monzo and Thoughtworks.
The idea took shape after their own home purchase nearly collapsed following six months of delays. Determined to fix it, Kulkarni and Cowley set out to rebuild conveyancing using automation and thoughtful design.
Kulkarni says, “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.
Conveyd’s system blends automation and legal expertise. Its AI handles approximately half of the conveyancing process, including ID checks, mortgage reports, document verification, and search requests.
Kulkarni adds, “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.”
The company’s hybrid approach keeps qualified conveyancers fully informed. Lawyers focus on complex legal analysis, while the platform handles the repetitive tasks that usually slow them down. That focus on automation distinguishes Conveyd from competitors such as Thirdfort, Minerva, and Hoowla.
What about diversity? And how is it being female in tech?
On diversity, Kulkarni tells TFN, “We’re a team made up of people from a wide range of cultural backgrounds and life experiences.”
When we asked how it is being female in tech, Kulkarni shares, “In my experience, the real tech industry is one of the strongest allies of all forms of diversity. When you’re surrounded by teams who care about impact and excellence, what matters most is the quality of your work, not whether you fit into any archetype.”
She adds, “My advice is simple: be yourself. Don’t let expectations, stereotypes, or labels distract you from doing your job brilliantly. Focus on your craft, your curiosity, and your growth. The rest follows.”
What’s next?
Kulkarni concludes, “We have ambitious plans for the products and are currently focusing on deepening their abilities to further speed up transaction times. We want to enable the sieving and interpretation of increasingly complex layers of legal documents. 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. “
Jon Coker, General Partner at Eka Ventures, comments, “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 Steve, 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.”
