Orchard, a US-based digital platform simplifying the process of buying and selling real estate, has secured US$ 100 million in Series D funding led by Accomplice on 9 September 2021.
Investors: The latest investment round featured Accomplice as the lead investor with FirstMark, Juxtapose, Revolution, and First American participation. The startup has managed to raise approximately US$ 470 million, in total, to date.
Purpose of the funding: The startup seeks to deploy the proceeds from the investment round towards stimulating further growth and innovation. The firm aims to expand in four additional markets in 2022 and introduce new offerings.
Brought to existence in 2017 by Court Cunningham and Phil DeGisi, Orchard’s offerings revolutionize the home buying and selling process through a vertically-consolidated interface and an AI-driven home search with Orchard Insurance, Orchard Title, Orchard Home Loans, and delivering a complete digital closing for clients. The conventional way of buying a new house requires the buyer to undergo stress and uncertainty, which Orchard has eliminated. Pioneering the “buy before you sell” paradigm in the housing industry, Orchard has introduced its Move First service. This allows the user to shift to their new house, after which Orchard sells the old house at the best price. In the past year, the firm has increased the size of its working staff by two times to bolster its entry into new markets and further improve the customer experience.
What the Founder has to say: “It is elating to create an enterprise offering unequalled customer satisfaction, command, and certainty while purchasing real estate. We have experienced hyper-growth this year. However, we are still in the early days of revolutionizing residential housing in the user’s favour. The infusion of new capital will enable us in persisting in innovating for our clients and diversifying geographically to provide our offerings to many other homeowners.”- Court Cunningham, CEO and Co-Founder of Orchard.
What the Investor has to say: “It is exhilarating to again support the Orchard leadership team along with other members, and being an insider, we are the best-positioned to feature as a leader in the latest investment round. In the past four years, Orchard’s inspiring customer focus and robust growth have been impressive. We wish to find the best projects to invest our capital, and we have strong faith in Orchard’s long-run growth journey in the domain.”- Jeff Fagnan, Founding Partner of Accomplice.
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