Conveyd raises £2.5m to cut UK conveyancing to six weeks with AI
This article covers Conveyd, a proptech startup that has raised £2.5m to develop its AI-powered conveyancing platform. The funding aims to speed up and automate conveyancing in UK homebuying, supporting buyers, solicitors and remortgage customers.
Conveyd, an AI-powered conveyancing platform, has raised £2.5 million to develop its automation and speed up the UK homebuying process. Founded by Manasi Kulkarni and Stephen Cowley and launched in March 2025, the company says its system has already been used in hundreds of residential transactions and can cut typical conveyancing timelines from about five months to roughly six weeks.
Why it matters
Conveyancing is a frequent choke point in UK property transactions, adding uncertainty and cost for buyers and sellers. Conveyd reports its average purchase transactions complete in around six weeks, a 70% reduction on common timelines, while standard remortgages on the platform can be ready in under a day. The company attributes these gains to automation: it says roughly 50% of the conveyancing process on its platform is automated and some tasks run up to 15 times faster than traditional methods.
Faster, more predictable conveyancing could reduce failed transactions and improve customer experience in a housing market where timing often affects mortgage offers and moving plans. It also shifts routine administrative work away from lawyers, potentially changing how property legal services are delivered.
Inside the product
Conveyd combines purpose-built AI with specialist lawyers to manage the full conveyancing journey for home purchases and remortgages. Buyers upload transaction details and the platform automates identity checks, mortgage reporting, search requests and third-party follow-ups. The company says this reduces manual back-and-forth and lets lawyers concentrate on tasks such as legal advice, registering title deeds and handling money transfers.
The platform launched in March 2025 and has been used in hundreds of residential transactions across the UK. Conveyd plans to use the new funding to expand its AI capabilities, including tools designed to review cases at a trainee-solicitor level and deliver more complete files for legal review.
Who are the investors?
The £2.5 million round was led by Eka Ventures, with participation from Portfolio Ventures, Founders Factory and angel investors including Eileen Burbidge, founder of Passion Capital, Richard Harrison, CEO of Sesame Bankhall Group, and fintech investor Mark Ransford.
Conveyd says the funds will be used to scale product development and expand AI-led case review features intended to raise the baseline quality of files passed to lawyers.
In the announcement, Jon Coker, general partner at Eka Ventures, said:
Good consumer legal advice is critical at life’s most important moments, yet it is often expensive, confusing and slow. We believe technology, applied in the right way, can transform access to high-quality legal services.
In the announcement, Jon Coker, general partner at Eka Ventures, said:
When we met Manasi and Ste, it was clear they shared this belief and had the drive and capability to deliver on their vision. We are excited to partner with them as lead investor as they scale the business.
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Founder perspective
Conveyd was founded by Manasi Kulkarni and Stephen Cowley after the pair experienced a six-month delay during their own home purchase. The company positions its product as a means to reduce uncertainty in the buying process by automating repetitive tasks and improving the completeness of legal files.
In the announcement, Manasi Kulkarni, CEO and co-founder of Conveyd, said:
If you’ve ever bought a house in the UK, you’ll know how painful the conveyancing process can be. Something that should take days can drag on for months, leaving buyers uncertain about when, or even if, they’ll get the keys. These delays are completely avoidable.
In the announcement, Manasi Kulkarni, CEO and co-founder of Conveyd, said:
Our AI platform can complete in minutes what a traditional conveyancer might spend weeks on. By removing unnecessary back-and-forth and manual admin, lawyers are free to focus on the value-add legal work they are trained to do.
The bigger picture
Conveyancing has been a persistent pain point in the UK housing market and a focus for digitalisation efforts in legal services. Conveyd’s approach sits at the intersection of proptech and legal technology, aiming to reduce transaction friction and reshape how legal teams allocate work. The investment reflects ongoing interest from proptech investors in companies that can tangibly speed up home transactions and lower costs for consumers.
As startups and law firms continue to explore automation and AI in legal workflows, regulators and market participants will watch how these tools affect accuracy, consumer protection and the role of qualified lawyers. Conveyd’s growth and product development will be one to monitor as the UK market seeks faster and more reliable property transactions.
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