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Manasi Kulkarni and Stephen Cowley
Conveyd, an AI-driven conveyancing platform, has raised a £2.5m seed round to speed up the home-buying process. The platform automates key administrative stages of conveyancing and gives buyers clearer visibility of their progress, aiming to reduce the risk of property chains falling through.
Since launching in March 2025, Conveyd has been used in several hundred residential transactions, including purchases and re-mortgages. The company reports that home purchases completed through the platform currently take an average of six weeks, while standard re-mortgage cases are typically ready for completion in under a day.
The team behind Conveyd believe this six-week timeframe will reduce even further as the technology becomes more powerful.
Conveyd says its platform uses AI alongside specialist lawyers to manage the end-to-end conveyancing process, from onboarding the buyer to preparing a case for completion. The platform provides buyers with visibility over each stage. After entering details about their transaction, users are guided on what further information is needed, and the system automates a range of administrative tasks that typically take firms significantly longer to complete.
According to the company, founded by Manasi Kulkarni, a former engineering leader at Monzo & Thoughtworks, and Stephen Cowley, former engineering leader at Thoughtworks, around half of the conveyancing workflow is handled by its AI and automation tools.
Common tasks include ID checks, producing mortgage and search reports, requesting searches, confirming required documents, and following up with third parties. Conveyd reports that these steps can be completed substantially faster than conventional processes.
The remaining work is carried out by the lawyers assigned to each case, who handle tasks that require legal judgement, including responding to specific queries, registering title deeds with the Land Registry, and managing money transfers. The company says this division of labour is intended to streamline routine work while ensuring legal specialists oversee areas requiring professional expertise.
Kulkarni 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.
““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 funding round was led by Eka Ventures and joined by Portfolio Ventures, alongside existing investors Founders Factory and Angels including: Passion Capital Founder, Eileen Burbidge; CEO of Sesame Bankhall Group, Richard Harrison, and fintech investor, Mark Ransford.
This funding will be used to further develop the technology, building an even more powerful platform: enabling the sieving and interpretation of increasingly complex layers of legal documents in minutes. 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, commented: “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.”
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